CenterBook Partners LP Has $5.59 Million Position in NAPCO Security Technologies, Inc. $NSSC

CenterBook Partners LP cut its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 52.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,065 shares of the industrial products company’s stock after selling 142,827 shares during the quarter. CenterBook Partners LP’s holdings in NAPCO Security Technologies were worth $5,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vest Financial LLC bought a new stake in shares of NAPCO Security Technologies during the third quarter worth about $1,612,000. Bessemer Group Inc. boosted its position in NAPCO Security Technologies by 13.6% during the 2nd quarter. Bessemer Group Inc. now owns 14,772 shares of the industrial products company’s stock worth $439,000 after buying an additional 1,763 shares during the period. Emerald Mutual Fund Advisers Trust grew its holdings in NAPCO Security Technologies by 3.0% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 227,852 shares of the industrial products company’s stock worth $6,765,000 after acquiring an additional 6,678 shares during the last quarter. XTX Topco Ltd increased its position in NAPCO Security Technologies by 170.7% in the 2nd quarter. XTX Topco Ltd now owns 52,897 shares of the industrial products company’s stock valued at $1,571,000 after acquiring an additional 33,358 shares during the period. Finally, Geode Capital Management LLC increased its position in NAPCO Security Technologies by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,031,547 shares of the industrial products company’s stock valued at $30,630,000 after acquiring an additional 14,501 shares during the period. Institutional investors own 85.07% of the company’s stock.

Insider Transactions at NAPCO Security Technologies

In other NAPCO Security Technologies news, CEO Richard Soloway sold 150,000 shares of NAPCO Security Technologies stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $42.74, for a total value of $6,411,000.00. Following the completion of the sale, the chief executive officer directly owned 1,256,010 shares of the company’s stock, valued at approximately $53,681,867.40. The trade was a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.65% of the stock is currently owned by corporate insiders.

NAPCO Security Technologies Price Performance

NASDAQ NSSC opened at $44.13 on Wednesday. The stock has a market capitalization of $1.57 billion, a P/E ratio of 33.18 and a beta of 1.51. The business has a 50 day simple moving average of $41.46 and a 200 day simple moving average of $40.34. NAPCO Security Technologies, Inc. has a one year low of $19.00 and a one year high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, February 2nd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05. The firm had revenue of $48.17 million for the quarter, compared to analyst estimates of $47.82 million. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.The company’s revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. Equities analysts expect that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, March 12th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, March 12th. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.14. NAPCO Security Technologies’s dividend payout ratio is presently 42.11%.

Analyst Ratings Changes

NSSC has been the topic of a number of recent research reports. TD Cowen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 4th. DA Davidson reaffirmed a “buy” rating and set a $50.00 target price on shares of NAPCO Security Technologies in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a report on Wednesday, January 28th. Needham & Company LLC reissued a “buy” rating and issued a $49.00 price target (up previously from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Finally, Zacks Research downgraded NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, NAPCO Security Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $47.83.

NAPCO Security Technologies Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.