SG Americas Securities LLC Increases Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

SG Americas Securities LLC increased its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 411.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,714 shares of the industrial products company's stock after acquiring an additional 93,110 shares during the quarter. SG Americas Securities LLC owned about 0.32% of Napco Security Technologies worth $2,664,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC purchased a new position in Napco Security Technologies during the fourth quarter valued at $32,000. Caption Management LLC purchased a new position in Napco Security Technologies during the fourth quarter valued at $33,000. GAMMA Investing LLC lifted its position in Napco Security Technologies by 227.2% during the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock valued at $25,000 after buying an additional 768 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Napco Security Technologies during the fourth quarter valued at $53,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Napco Security Technologies during the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 85.07% of the company's stock.

Napco Security Technologies Stock Down 2.3%

NSSC stock traded down $0.66 during mid-day trading on Friday, hitting $27.60. The company had a trading volume of 442,068 shares, compared to its average volume of 503,424. The company has a market capitalization of $984.11 million, a price-to-earnings ratio of 21.23 and a beta of 1.44. Napco Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $58.09. The company has a 50-day moving average price of $25.45 and a 200 day moving average price of $28.72.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $43.96 million for the quarter, compared to analysts' expectations of $45.11 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The business's quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 EPS. As a group, analysts expect that Napco Security Technologies, Inc. will post 1.24 EPS for the current year.

Napco Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th will be paid a $0.14 dividend. The ex-dividend date is Thursday, June 12th. This represents a $0.56 annualized dividend and a yield of 2.03%. This is a boost from Napco Security Technologies's previous quarterly dividend of $0.13. Napco Security Technologies's payout ratio is presently 45.90%.

Wall Street Analysts Forecast Growth

NSSC has been the subject of several research analyst reports. Lake Street Capital set a $26.00 price objective on Napco Security Technologies in a report on Monday, May 5th. Needham & Company LLC reduced their price objective on Napco Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $32.20.

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.