SG Americas Securities LLC Acquires 93,110 Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

SG Americas Securities LLC raised its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 411.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,714 shares of the industrial products company's stock after purchasing an additional 93,110 shares during the period. SG Americas Securities LLC owned approximately 0.32% of NAPCO Security Technologies worth $2,664,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NSSC. New Age Alpha Advisors LLC bought a new position in NAPCO Security Technologies in the 4th quarter valued at approximately $32,000. Caption Management LLC acquired a new position in shares of NAPCO Security Technologies during the fourth quarter worth $33,000. GAMMA Investing LLC lifted its stake in shares of 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 valued at $25,000 after acquiring an additional 768 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of NAPCO Security Technologies during the 4th quarter valued at $53,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of NAPCO Security Technologies during the 4th quarter valued at $54,000. 85.07% of the stock is currently owned by institutional investors.

NAPCO Security Technologies Stock Performance

Shares of NSSC stock traded up $0.11 on Wednesday, hitting $28.75. The company had a trading volume of 182,156 shares, compared to its average volume of 501,035. NAPCO Security Technologies, Inc. has a twelve month low of $19.00 and a twelve month high of $58.09. The firm has a market cap of $1.03 billion, a P/E ratio of 23.50 and a beta of 1.44. The stock's 50-day moving average is $25.76 and its two-hundred day moving average is $28.58.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. NAPCO Security Technologies had a net margin of 25.00% and a return on equity of 26.14%. The business had revenue of $43.96 million during the quarter, compared to the consensus estimate of $45.11 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The company's revenue for the quarter was down 10.8% compared to the same quarter last year. Equities research analysts predict that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 12th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from NAPCO Security Technologies's previous quarterly dividend of $0.13. NAPCO Security Technologies's dividend payout ratio (DPR) is currently 45.90%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Needham & Company LLC dropped their target price on NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Lake Street Capital set a $26.00 price objective on NAPCO Security Technologies in a research note on Monday, May 5th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, NAPCO Security Technologies currently has an average rating of "Hold" and a consensus price target of $32.20.

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.