Seizert Capital Partners LLC Acquires New Shares in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Seizert Capital Partners opened a new position in NAPCO (NASDAQ:NSSC), buying 44,544 shares worth about $1.86 million in Q4, and overall institutional ownership is high at approximately 85% with major stake increases from Fundsmith and Arrowstreet.
• NAPCO beat expectations in its latest quarter with EPS $0.38 versus $0.33 est. and revenue of $48.17M (up 12.4% YoY); analysts hold a "Moderate Buy" consensus with an average price target of $47.83.
• CEO Richard Soloway sold 129,682 shares for about $5.83M, reducing his ownership by roughly 10.12%, while corporate insiders still hold about 5.65% of the stock.

Seizert Capital Partners LLC acquired a new position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,544 shares of the industrial products company's stock, valued at approximately $1,857,000. Seizert Capital Partners LLC owned approximately 0.12% of NAPCO Security Technologies at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NSSC. Fundsmith LLP boosted its stake in shares of NAPCO Security Technologies by 86.4% during the 3rd quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company's stock worth $76,445,000 after acquiring an additional 824,945 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of NAPCO Security Technologies by 668.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company's stock valued at $36,986,000 after acquiring an additional 749,065 shares in the last quarter. First Trust Advisors LP bought a new position in shares of NAPCO Security Technologies in the 3rd quarter valued at approximately $24,305,000. Millennium Management LLC lifted its holdings in NAPCO Security Technologies by 62.4% in the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company's stock worth $17,721,000 after purchasing an additional 295,755 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in NAPCO Security Technologies by 75.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company's stock worth $13,565,000 after purchasing an additional 254,007 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

NAPCO Security Technologies Price Performance

Shares of NASDAQ:NSSC opened at $46.72 on Monday. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 35.13 and a beta of 1.55. The business has a 50 day moving average price of $43.25 and a 200 day moving average price of $42.20. NAPCO Security Technologies, Inc. has a twelve month low of $23.10 and a twelve month high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings results on Monday, February 2nd. The industrial products company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.The company had revenue of $48.17 million for the quarter, compared to the consensus estimate of $47.82 million. During the same period in the previous year, the business posted $0.28 EPS. The company's revenue for the quarter was up 12.4% on a year-over-year basis. Analysts anticipate that NAPCO Security Technologies, Inc. will post 1.46 EPS for the current year.

Insider Buying and Selling at NAPCO Security Technologies

In other news, CEO Richard Soloway sold 129,682 shares of the firm's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $44.99, for a total value of $5,834,393.18. Following the sale, the chief executive officer owned 1,152,276 shares in the company, valued at approximately $51,840,897.24. This trade represents a 10.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.65% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NSSC shares. Needham & Company LLC reiterated a "buy" rating and set a $49.00 price target (up from $47.00) on shares of NAPCO Security Technologies in a report on Monday, February 2nd. Weiss Ratings restated a "hold (c+)" rating on shares of NAPCO Security Technologies in a research note on Monday, April 27th. Finally, DA Davidson reaffirmed a "buy" rating and set a $50.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday, February 3rd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $47.83.

About NAPCO Security Technologies

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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