Hennion & Walsh Asset Management Inc. Lowers Stock Holdings in NAPCO Security Technologies, Inc. $NSSC

Hennion & Walsh Asset Management Inc. cut its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 36.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 35,529 shares of the industrial products company’s stock after selling 20,689 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.10% of NAPCO Security Technologies worth $1,526,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NSSC. AQR Capital Management LLC increased its stake in NAPCO Security Technologies by 70.1% in the first quarter. AQR Capital Management LLC now owns 286,056 shares of the industrial products company’s stock valued at $6,585,000 after purchasing an additional 117,882 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of NAPCO Security Technologies by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock valued at $481,000 after acquiring an additional 885 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of NAPCO Security Technologies by 62.4% during the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after acquiring an additional 295,755 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of NAPCO Security Technologies in the first quarter worth approximately $540,000. Finally, Goldman Sachs Group Inc. boosted its position 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 worth $13,565,000 after acquiring an additional 254,007 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Insider Activity at NAPCO Security Technologies

In other news, SVP Stephen M. Spinelli sold 19,000 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $40.25, for a total value of $764,750.00. Following the completion of the transaction, the senior vice president directly owned 928 shares in the company, valued at approximately $37,352. This represents a 95.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.65% of the company’s stock.

NAPCO Security Technologies Price Performance

Shares of NSSC opened at $42.25 on Friday. NAPCO Security Technologies, Inc. has a 12 month low of $19.00 and a 12 month high of $48.12. The stock has a market cap of $1.51 billion, a PE ratio of 34.35 and a beta of 1.52. The stock’s 50-day moving average is $41.43 and its two-hundred day moving average is $38.10.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, November 3rd. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $49.17 million for the quarter, compared to the consensus estimate of $46.81 million. NAPCO Security Technologies had a return on equity of 26.09% and a net margin of 23.76%.The company’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. On average, research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were paid a dividend of $0.14 per share. The ex-dividend date was Friday, December 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. NAPCO Security Technologies’s dividend payout ratio (DPR) is currently 45.53%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Friday, October 31st. DA Davidson set a $50.00 target price on NAPCO Security Technologies and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Needham & Company LLC reissued a “buy” rating and set a $47.00 price target on shares of NAPCO Security Technologies in a research report on Thursday, November 20th. Cowen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. Finally, TD Cowen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $43.00 to $50.00 in a research note on Tuesday, November 4th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, NAPCO Security Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $47.50.

About NAPCO Security Technologies

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.