UBS Group AG Sells 98,852 Shares of NAPCO Security Technologies, Inc. $NSSC

UBS Group AG trimmed its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 58.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 70,143 shares of the industrial products company’s stock after selling 98,852 shares during the quarter. UBS Group AG owned about 0.20% of NAPCO Security Technologies worth $2,925,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fundsmith LLP increased its holdings in NAPCO Security Technologies by 86.4% in the 3rd quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company’s stock worth $76,445,000 after buying an additional 824,945 shares in the last quarter. Crawford Investment Counsel Inc. bought a new stake in NAPCO Security Technologies in the 3rd quarter worth about $4,456,000. Quantbot Technologies LP bought a new stake in NAPCO Security Technologies in the 3rd quarter worth about $1,450,000. Fox Run Management L.L.C. bought a new stake in NAPCO Security Technologies in the 3rd quarter worth about $1,013,000. Finally, Principal Financial Group Inc. increased its holdings in NAPCO Security Technologies by 100.0% in the 3rd quarter. Principal Financial Group Inc. now owns 66,781 shares of the industrial products company’s stock worth $2,868,000 after buying an additional 33,394 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on NSSC. DA Davidson reiterated a “buy” rating and issued a $52.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. TD Cowen restated a “buy” rating and set a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Weiss Ratings downgraded NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $49.00 price target (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, NAPCO Security Technologies has an average rating of “Moderate Buy” and an average target price of $48.67.

NAPCO Security Technologies Price Performance

NAPCO Security Technologies stock opened at $37.41 on Tuesday. The business has a 50-day simple moving average of $41.48 and a two-hundred day simple moving average of $41.67. The company has a market cap of $1.34 billion, a P/E ratio of 35.97 and a beta of 1.54. NAPCO Security Technologies, Inc. has a 52-week low of $26.44 and a 52-week high of $48.12.

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, beating analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $49.17 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. Research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.48 EPS for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Friday, June 12th will be paid a dividend of $0.15 per share. The ex-dividend date is 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 57.69%.

Insider Activity

In related news, CEO Richard Soloway sold 129,682 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the completion of the transaction, the chief executive officer directly owned 1,152,276 shares in the company, valued at approximately $51,840,897.24. The trade was a 10.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.65% of the company’s stock.

NAPCO Security Technologies Company 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.