NAPCO Security Technologies, Inc. $NSSC Shares Sold by Royal Bank of Canada

Royal Bank of Canada lessened its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 17.9% in the first quarter, HoldingsChannel.com reports. The firm owned 476,558 shares of the industrial products company’s stock after selling 103,999 shares during the period. Royal Bank of Canada’s holdings in NAPCO Security Technologies were worth $18,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in NSSC. IFP Advisors Inc raised its holdings in shares of NAPCO Security Technologies by 193.3% during the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 377 shares during the period. Maseco LLP acquired a new position in shares of NAPCO Security Technologies in the 4th quarter valued at about $25,000. KBC Group NV acquired a new position in shares of NAPCO Security Technologies in the 1st quarter valued at about $26,000. Advisory Services Network LLC acquired a new position in shares of NAPCO Security Technologies in the 3rd quarter valued at about $41,000. Finally, Blue Trust Inc. bought a new stake in shares of NAPCO Security Technologies during the 1st quarter valued at about $44,000. Institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Trading Up 1.4%

Shares of NASDAQ:NSSC opened at $40.92 on Friday. The firm’s 50 day moving average is $36.93 and its two-hundred day moving average is $40.05. The firm has a market capitalization of $1.46 billion, a P/E ratio of 39.35 and a beta of 1.45. NAPCO Security Technologies, Inc. has a 52 week low of $29.27 and a 52 week high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, May 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The business had revenue of $49.17 million during the quarter, compared to the consensus estimate of $49.26 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. Analysts predict that NAPCO Security Technologies, Inc. will post 1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

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