Royal Bank of Canada Cuts Position in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Royal Bank of Canada has reduced its stake in NAPCO Security Technologies by 2.6%, owning approximately 727,368 shares worth $16.7 million.
• Institutional investors own 85.07% of NAPCO Security Technologies, with several firms like Vanguard Group and Copeland Capital Management increasing their positions in the first quarter.
• NAPCO Security Technologies reported a quarterly EPS of $0.33, exceeding estimates and showing a slight year-over-year revenue increase, alongside announcing a quarterly dividend of $0.14 per share.

Royal Bank of Canada lowered its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 727,368 shares of the industrial products company's stock after selling 19,436 shares during the quarter. Royal Bank of Canada owned approximately 2.04% of NAPCO Security Technologies worth $16,745,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in NAPCO Security Technologies by 227.2% in the first 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. Point72 Asia Singapore Pte. Ltd. bought a new position in NAPCO Security Technologies in the fourth quarter worth approximately $53,000. Mpwm Advisory Solutions LLC bought a new position in NAPCO Security Technologies in the fourth quarter worth approximately $54,000. Farther Finance Advisors LLC grew 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 purchasing an additional 1,002 shares in the last quarter. Finally, State of Wyoming grew its stake in NAPCO Security Technologies by 21.0% in the first quarter. State of Wyoming now owns 8,587 shares of the industrial products company's stock worth $198,000 after purchasing an additional 1,490 shares in the last quarter. Institutional investors own 85.07% of the company's stock.

Analysts Set New Price Targets

NSSC has been the topic of several recent research reports. Wall Street Zen raised NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Zacks Research raised NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. Lake Street Capital raised NAPCO Security Technologies from a "hold" rating to a "buy" rating and increased their target price for the company from $26.00 to $39.00 in a research report on Tuesday, August 26th. Craig Hallum raised NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a research report on Tuesday, August 26th. Finally, DA Davidson increased their target price on NAPCO Security Technologies from $33.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $37.67.

NAPCO Security Technologies Trading Up 4.1%

Shares of NSSC stock traded up $1.73 during mid-day trading on Monday, reaching $43.66. The stock had a trading volume of 808,710 shares, compared to its average volume of 456,665. The business's fifty day moving average is $33.35 and its 200-day moving average is $28.28. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 36.69 and a beta of 1.51. NAPCO Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $44.24.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings data on Monday, August 25th. The industrial products company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates 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 was up .8% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. On average, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be paid a dividend of $0.14 per share. The ex-dividend date 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%.

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.