NAPCO Security Technologies, Inc. $NSSC Stock Position Decreased 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. trimmed its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 7.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 approximately 0.95% of NAPCO Security Technologies worth $7,978,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in NAPCO Security Technologies by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,901,671 shares of the industrial products company's stock valued at $66,796,000 after buying an additional 52,020 shares in the last quarter. XTX Topco Ltd boosted its stake in NAPCO Security Technologies by 118.3% during the first quarter. XTX Topco Ltd now owns 19,539 shares of the industrial products company's stock valued at $450,000 after buying an additional 10,589 shares in the last quarter. GSA Capital Partners LLP boosted its stake in NAPCO Security Technologies by 3.4% during the first quarter. GSA Capital Partners LLP now owns 35,965 shares of the industrial products company's stock valued at $828,000 after buying an additional 1,186 shares in the last quarter. Federated Hermes Inc. bought a new position in NAPCO Security Technologies during the first quarter valued at about $4,270,000. Finally, Avantax Advisory Services Inc. boosted its stake in NAPCO Security Technologies by 19.6% during the first quarter. Avantax Advisory Services Inc. now owns 11,572 shares of the industrial products company's stock valued at $266,000 after buying an additional 1,893 shares in the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

NAPCO Security Technologies Trading Down 0.7%

NASDAQ NSSC traded down $0.28 during trading on Friday, reaching $38.05. 445,259 shares of the company's stock were exchanged, compared to its average volume of 384,172. NAPCO Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $48.75. The firm has a market capitalization of $1.36 billion, a PE ratio of 31.97 and a beta of 1.51. The company's fifty day simple moving average is $30.97 and its 200-day simple moving average is $27.10.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, August 25th. The industrial products company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The firm had revenue of $50.72 million during the quarter, compared to analyst estimates of $44.26 million. During the same period last year, the company posted $0.39 EPS. The business's quarterly revenue was up .8% compared to the same quarter last year. Equities analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be given 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 yield of 1.5%. NAPCO Security Technologies's dividend payout ratio (DPR) is presently 47.06%.

Analysts Set New Price Targets

NSSC has been the subject of several research reports. Zacks Research raised NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Craig Hallum raised NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a research note on Tuesday, August 26th. DA Davidson increased their price target 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. Mizuho started coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price target for the company. Finally, Wall Street Zen upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $37.67.

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.