NAPCO Security Technologies, Inc. $NSSC Stock Holdings Lowered by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its position in NAPCO Security Technologies by 7.7%, owning 346,561 shares as of the latest SEC filing.
• Despite some institutional sell-offs, firms like GAMMA Investing LLC increased their holdings in NAPCO by 227.2%.
• NAPCO reported a Q1 earnings per share (EPS) of $0.33, exceeding expectations, with revenue of $50.72 million which was above analysts' anticipated $44.26 million.

Charles Schwab Investment Management Inc. lowered its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 7.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 346,561 shares of the industrial products company's stock after selling 28,990 shares during the period. Charles Schwab Investment Management Inc. owned 0.95% of NAPCO Security Technologies worth $7,978,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NSSC. GAMMA Investing LLC grew its position in shares of 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 worth $25,000 after acquiring an additional 768 shares during the last quarter. Caption Management LLC acquired a new stake in NAPCO Security Technologies in the fourth quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in NAPCO Security Technologies in the fourth quarter worth about $53,000. Mpwm Advisory Solutions LLC acquired a new stake in NAPCO Security Technologies in the fourth quarter worth about $54,000. Finally, Farther Finance Advisors LLC lifted its holdings 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 during the period. Institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Price Performance

Shares of NSSC stock opened at $33.64 on Tuesday. The stock has a market cap of $1.20 billion, a P/E ratio of 27.57 and a beta of 1.42. The stock has a fifty day moving average price of $30.19 and a 200 day moving average price of $26.75. NAPCO Security Technologies, Inc. has a one year low of $19.00 and a one year high of $54.61.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings data on Monday, August 25th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. The company had revenue of $50.72 million during the quarter, compared to analysts' expectations of $44.26 million. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%.The business's revenue was up .8% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. Equities research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

NAPCO Security Technologies Dividend Announcement

The firm also recently declared 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. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.7%. NAPCO Security Technologies's dividend payout ratio is 45.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Needham & Company LLC cut their price target on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Lake Street Capital set a $26.00 target price on NAPCO Security Technologies in a report on Monday, May 5th. DA Davidson set a $33.00 price objective on NAPCO Security Technologies and gave the stock a "buy" rating in a report on Wednesday, June 25th. Finally, Mizuho began coverage on NAPCO Security Technologies in a report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, NAPCO Security Technologies currently has an average rating of "Hold" and an average target price of $30.83.

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.

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