Royal Bank of Canada cut its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 17.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 476,558 shares of the industrial products company's stock after selling 103,999 shares during the quarter. Royal Bank of Canada owned about 1.33% of NAPCO Security Technologies worth $18,772,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. IFP Advisors Inc lifted its position in NAPCO Security Technologies by 193.3% during the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company's stock worth $25,000 after acquiring an additional 377 shares in the last quarter. Maseco LLP purchased a new position in NAPCO Security Technologies in the 4th quarter worth approximately $25,000. KBC Group NV acquired a new stake in NAPCO Security Technologies in the first quarter valued at approximately $26,000. Advisory Services Network LLC acquired a new stake in NAPCO Security Technologies in the third quarter valued at approximately $41,000. Finally, Blue Trust Inc. purchased a new stake in shares of NAPCO Security Technologies during the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 85.07% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on NSSC shares. Weiss Ratings cut shares of NAPCO Security Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, May 11th. Wall Street Zen downgraded shares of NAPCO Security Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. TD Cowen reiterated a "buy" rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Finally, DA Davidson reissued a "buy" rating and issued a $52.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $48.67.
Get Our Latest Analysis on NAPCO Security Technologies
NAPCO Security Technologies Price Performance
NASDAQ NSSC opened at $40.92 on Friday. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 39.35 and a beta of 1.45. NAPCO Security Technologies, Inc. has a 12 month low of $29.27 and a 12 month high of $48.12. The company's fifty day moving average price is $36.93 and its two-hundred day moving average price is $40.05.
NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%. The company had revenue of $49.17 million during the quarter, compared to the consensus estimate of $49.26 million. During the same quarter in the previous year, the firm earned $0.28 EPS. The company's revenue was up 11.8% on a year-over-year basis. As a group, analysts anticipate that NAPCO Security Technologies, Inc. will post 1.49 EPS for the current year.
About NAPCO Security Technologies
(
Free Report)
NAPCO Security Technologies, Inc NASDAQ: NSSC is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company's product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO's offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.
Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.
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