Jacobs Levy Equity Management Inc. Sells 224,923 Shares of NAPCO Security Technologies, Inc. $NSSC

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in NAPCO Security Technologies by 51.9%, leaving them with 208,469 shares valued at approximately $4.80 million as of the latest SEC filing.
• NAPCO Security Technologies recently announced a quarterly dividend of $0.14, which will be paid on October 3rd, representing a 1.3% dividend yield.
• Analysts have raised their price targets for NAPCO Security Technologies, with DA Davidson increasing the target to $45.00, reflecting positive sentiment towards the stock's performance.

Jacobs Levy Equity Management Inc. decreased its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 51.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 208,469 shares of the industrial products company's stock after selling 224,923 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.58% of NAPCO Security Technologies worth $4,799,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in NAPCO Security Technologies by 35.4% in the first quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company's stock worth $87,000 after acquiring an additional 1,002 shares during the period. GAMMA Investing LLC lifted its stake in NAPCO Security Technologies by 7,432.5% in the first quarter. GAMMA Investing LLC now owns 25,460 shares of the industrial products company's stock worth $586,000 after acquiring an additional 25,122 shares during the period. Avantax Advisory Services Inc. lifted its stake in NAPCO Security Technologies by 19.6% in the first quarter. Avantax Advisory Services Inc. now owns 11,572 shares of the industrial products company's stock worth $266,000 after acquiring an additional 1,893 shares during the period. GSA Capital Partners LLP lifted its stake in NAPCO Security Technologies by 3.4% in the first quarter. GSA Capital Partners LLP now owns 35,965 shares of the industrial products company's stock worth $828,000 after acquiring an additional 1,186 shares during the period. Finally, Bessemer Group Inc. lifted its stake in NAPCO Security Technologies by 22.9% in the first quarter. Bessemer Group Inc. now owns 13,009 shares of the industrial products company's stock worth $299,000 after acquiring an additional 2,423 shares during the period. Hedge funds and other institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Trading Up 1.1%

NAPCO Security Technologies stock traded up $0.44 on Friday, hitting $41.93. 490,822 shares of the stock traded hands, compared to its average volume of 456,665. The firm has a market cap of $1.50 billion, a P/E ratio of 35.24 and a beta of 1.51. The business's fifty day simple moving average is $33.06 and its 200 day simple moving average is $28.15. NAPCO Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $42.58.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, August 25th. The industrial products company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The business had revenue of $50.72 million during the quarter, compared to analyst estimates of $44.26 million. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The company's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. As a group, analysts predict that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, September 12th. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. NAPCO Security Technologies's dividend payout ratio (DPR) is presently 47.06%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. DA Davidson raised their price target on NAPCO Security Technologies from $33.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Zacks Research raised NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Wall Street Zen raised NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Lake Street Capital raised NAPCO Security Technologies from a "hold" rating to a "buy" rating and raised their price target for the stock from $26.00 to $39.00 in a research note on Tuesday, August 26th. Finally, Craig Hallum raised NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price objective for the company in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.67.

About NAPCO Security Technologies

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.