NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC reduced its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 23.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 408,485 shares of the industrial products company's stock after selling 126,607 shares during the period. Emerald Advisers LLC owned approximately 1.12% of NAPCO Security Technologies worth $9,403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NSSC. Farther Finance Advisors LLC lifted its position in NAPCO Security Technologies by 35.4% during the first quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company's stock valued at $87,000 after purchasing an additional 1,002 shares during the period. GAMMA Investing LLC lifted its position in NAPCO Security Technologies by 7,432.5% during the first quarter. GAMMA Investing LLC now owns 25,460 shares of the industrial products company's stock valued at $586,000 after purchasing an additional 25,122 shares during the period. Bessemer Group Inc. lifted its position in NAPCO Security Technologies by 22.9% during the first quarter. Bessemer Group Inc. now owns 13,009 shares of the industrial products company's stock valued at $299,000 after purchasing an additional 2,423 shares during the period. Price T Rowe Associates Inc. MD lifted its position in NAPCO Security Technologies by 12.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,027 shares of the industrial products company's stock valued at $677,000 after purchasing an additional 2,115 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in NAPCO Security Technologies by 6.4% during the fourth quarter. Teacher Retirement System of Texas now owns 44,370 shares of the industrial products company's stock valued at $1,578,000 after purchasing an additional 2,670 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NSSC. DA Davidson set a $33.00 price objective on shares of NAPCO Security Technologies and gave the company a "buy" rating in a report on Wednesday, June 25th. Mizuho began coverage on shares of NAPCO Security Technologies in a report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price objective for the company. Needham & Company LLC cut their price objective on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Finally, Lake Street Capital set a $26.00 price objective on shares of NAPCO Security Technologies in a report on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $30.83.

NAPCO Security Technologies Stock Performance

Shares of NSSC stock traded up $0.31 on Wednesday, reaching $30.51. 227,663 shares of the company were exchanged, compared to its average volume of 494,859. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 25.01 and a beta of 1.43. The business has a 50-day moving average price of $28.72 and a 200 day moving average price of $27.46. NAPCO Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $58.09.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The firm had revenue of $43.96 million for the quarter, compared to analyst estimates of $45.11 million. NAPCO Security Technologies had a net margin of 25.00% and a return on equity of 26.14%. NAPCO Security Technologies's quarterly revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 earnings per share. As a group, equities analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 12th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, June 12th. This is a positive change from NAPCO Security Technologies's previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 1.84%. NAPCO Security Technologies's payout ratio is presently 45.90%.

NAPCO Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.