Jacobs Levy Equity Management Inc. Reduces Holdings in 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 holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 51.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 approximately 0.58% of NAPCO Security Technologies worth $4,799,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Man Group plc boosted its position in NAPCO Security Technologies by 0.7% during the 4th quarter. Man Group plc now owns 78,743 shares of the industrial products company's stock valued at $2,800,000 after buying an additional 571 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in NAPCO Security Technologies by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,014 shares of the industrial products company's stock valued at $712,000 after buying an additional 751 shares during the period. GAMMA Investing LLC raised its holdings in NAPCO Security Technologies by 227.2% in the 1st quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock worth $25,000 after purchasing an additional 768 shares in the last quarter. Snowden Capital Advisors LLC raised its holdings in NAPCO Security Technologies by 6.2% in the 4th quarter. Snowden Capital Advisors LLC now owns 13,473 shares of the industrial products company's stock worth $481,000 after purchasing an additional 785 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in NAPCO Security Technologies by 1.8% during the 1st quarter. Rhumbline Advisers now owns 50,446 shares of the industrial products company's stock valued at $1,161,000 after acquiring an additional 879 shares during the period. Hedge funds and other institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Stock Up 1.1%

Shares of NASDAQ NSSC traded up $0.44 during trading on Friday, reaching $41.93. 490,822 shares of the company traded hands, compared to its average volume of 449,701. The stock has a market capitalization of $1.50 billion, a PE ratio of 35.24 and a beta of 1.51. The firm has a 50 day simple moving average of $32.82 and a 200-day simple moving average of $27.97. NAPCO Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $42.58.

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

NAPCO Security Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, September 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 presently 47.06%.

Wall Street Analyst Weigh In

NSSC has been the topic of several recent analyst reports. Wall Street Zen raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Mizuho initiated coverage on shares of NAPCO Security Technologies in a research report on Thursday, July 10th. They set an "outperform" rating and a $39.00 price objective on the stock. Zacks Research raised shares of NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. DA Davidson increased their price objective on shares of NAPCO Security Technologies from $33.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Finally, Needham & Company LLC increased their price objective on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $37.67.

NAPCO Security Technologies 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.