JPMorgan Chase & Co. Sells 340,149 Shares of NAPCO Security Technologies, Inc. $NSSC

JPMorgan Chase & Co. lessened its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 56.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 257,403 shares of the industrial products company’s stock after selling 340,149 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.72% of NAPCO Security Technologies worth $11,055,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NSSC. First Horizon Advisors Inc. increased its stake in shares of NAPCO Security Technologies by 49.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 516 shares during the last quarter. Cornerstone Planning Group LLC acquired a new position in NAPCO Security Technologies during the third quarter worth $25,000. Exchange Traded Concepts LLC acquired a new position in NAPCO Security Technologies during the third quarter worth $26,000. Wealth Enhancement Advisory Services LLC raised its holdings in NAPCO Security Technologies by 5.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,113 shares of the industrial products company’s stock valued at $522,000 after buying an additional 670 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 worth $481,000 after buying an additional 885 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

NAPCO Security Technologies Stock Down 2.2%

Shares of NASDAQ NSSC opened at $42.59 on Friday. NAPCO Security Technologies, Inc. has a 12 month low of $19.00 and a 12 month high of $48.12. The company has a market cap of $1.52 billion, a P/E ratio of 32.02 and a beta of 1.45. The business’s 50 day moving average is $42.08 and its two-hundred day moving average is $41.41.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The business had revenue of $48.17 million for the quarter, compared to the consensus estimate of $47.82 million. During the same quarter last year, the company posted $0.28 earnings per share. NAPCO Security Technologies’s quarterly revenue was up 12.4% on a year-over-year basis. Sell-side analysts expect that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

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

Insider Buying and Selling at NAPCO Security Technologies

In related news, CEO Richard Soloway sold 150,000 shares of the stock in a transaction dated 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 owned 1,256,010 shares in the company, valued at approximately $53,681,867.40. This trade represents a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.65% of the company’s stock.

Analysts Set New Price Targets

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