Granite Investment Partners LLC Lowers Position in NAPCO Security Technologies, Inc. $NSSC

Granite Investment Partners LLC reduced its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 4.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 267,526 shares of the industrial products company’s stock after selling 13,355 shares during the period. Granite Investment Partners LLC owned approximately 0.75% of NAPCO Security Technologies worth $10,538,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NSSC. IFP Advisors Inc boosted its stake in 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 buying an additional 377 shares during the period. ProShare Advisors LLC raised its stake in shares of NAPCO Security Technologies by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 6,313 shares of the industrial products company’s stock valued at $263,000 after acquiring an additional 407 shares during the period. Legal & General Group Plc lifted its holdings in shares of NAPCO Security Technologies by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 43,937 shares of the industrial products company’s stock worth $1,887,000 after acquiring an additional 430 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of NAPCO Security Technologies by 1.3% in the 3rd quarter. Alliancebernstein L.P. now owns 36,826 shares of the industrial products company’s stock worth $1,582,000 after acquiring an additional 474 shares during the last quarter. Finally, Maseco LLP purchased a new position in shares of NAPCO Security Technologies during the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

NAPCO Security Technologies Stock Performance

Shares of NSSC stock opened at $38.08 on Thursday. NAPCO Security Technologies, Inc. has a fifty-two week low of $29.27 and a fifty-two week high of $48.12. The company has a 50 day moving average price of $37.91 and a 200 day moving average price of $40.73. The stock has a market capitalization of $1.36 billion, a P/E ratio of 36.62 and a beta of 1.44.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. The company had revenue of $49.17 million during the quarter, compared to analysts’ expectations of $49.26 million. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. On average, research analysts forecast that NAPCO Security Technologies, Inc. will post 1.48 EPS for the current fiscal year.

NAPCO Security Technologies Announces Dividend

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

Wall Street Analyst Weigh In

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

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.