First Trust Advisors LP Trims Holdings in NAPCO Security Technologies, Inc. $NSSC

First Trust Advisors LP reduced its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 4.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 685,189 shares of the industrial products company’s stock after selling 29,193 shares during the quarter. First Trust Advisors LP’s holdings in NAPCO Security Technologies were worth $26,990,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NSSC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in NAPCO Security Technologies by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock valued at $481,000 after purchasing an additional 885 shares during the period. Millennium Management LLC boosted its position in shares of NAPCO Security Technologies by 62.4% during the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after buying an additional 295,755 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of NAPCO Security Technologies by 75.8% in the first quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after buying an additional 254,007 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of NAPCO Security Technologies by 351.7% in the 1st quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock valued at $2,261,000 after buying an additional 76,478 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in NAPCO Security Technologies during the 1st quarter worth about $91,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

NAPCO Security Technologies Stock Performance

Shares of NASDAQ:NSSC opened at $37.25 on Wednesday. NAPCO Security Technologies, Inc. has a one year low of $29.27 and a one year high of $48.12. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 35.82 and a beta of 1.44. The company has a 50-day simple moving average of $36.71 and a 200-day simple moving average of $40.15.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $49.17 million for the quarter, compared to analyst estimates of $49.26 million. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. As a group, research analysts forecast that NAPCO Security Technologies, Inc. will post 1.49 EPS for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, June 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. NAPCO Security Technologies’s payout ratio is presently 57.69%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NSSC shares. TD Cowen reiterated a “buy” rating and issued a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Weiss Ratings lowered shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Wall Street Zen cut NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, DA Davidson restated a “buy” rating and set a $52.00 target price on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.67.

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.