Tudor Investment Corp ET AL Reduces Stock Position in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Tudor Investment Corp cut its stake in NAPCO Security Technologies by 54.8% in Q3, selling 108,221 shares and leaving 89,212 shares valued at about $3.83 million.
• CEO Richard Soloway sold 129,682 shares on March 2 for roughly $5.83 million, reducing his ownership by 10.12% to 1,152,276 shares.
• NAPCO beat quarterly estimates with EPS of $0.38 (vs. $0.33) and revenue of $48.17M (up 12.4% YoY), announced a quarterly dividend increase to $0.15 ($0.60 annualized, 1.4% yield), and holds an average analyst rating of "Moderate Buy" with a $47.83 price target.

Tudor Investment Corp ET AL decreased its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 54.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,212 shares of the industrial products company's stock after selling 108,221 shares during the quarter. Tudor Investment Corp ET AL owned about 0.25% of NAPCO Security Technologies worth $3,832,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new stake in NAPCO Security Technologies during the third quarter valued at $25,000. IFP Advisors Inc raised its stake in NAPCO Security Technologies by 193.3% during the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 377 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in NAPCO Security Technologies during the third quarter valued at $26,000. State of Wyoming purchased a new stake in NAPCO Security Technologies during the third quarter valued at $41,000. Finally, Advisory Services Network LLC bought a new position in NAPCO Security Technologies during the third quarter valued at $41,000. Hedge funds and other institutional investors own 85.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NSSC. Weiss Ratings reiterated a "hold (c+)" rating on shares of NAPCO Security Technologies in a research report on Wednesday, January 28th. Needham & Company LLC reiterated a "buy" rating and set a $49.00 price objective (up from $47.00) on shares of NAPCO Security Technologies in a research report on Monday, February 2nd. Finally, DA Davidson reiterated a "buy" rating and set a $50.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, February 3rd. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, NAPCO Security Technologies presently has an average rating of "Moderate Buy" and an average price target of $47.83.

Insider Activity at NAPCO Security Technologies

In other NAPCO Security Technologies news, CEO Richard Soloway sold 129,682 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the completion of the sale, the chief executive officer directly owned 1,152,276 shares of the company's stock, valued at approximately $51,840,897.24. This represents a 10.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.65% of the company's stock.

NAPCO Security Technologies Price Performance

NASDAQ:NSSC opened at $42.08 on Friday. NAPCO Security Technologies, Inc. has a 1-year low of $20.01 and a 1-year high of $48.12. The company has a 50-day moving average of $42.62 and a 200 day moving average of $41.98. The firm has a market cap of $1.50 billion, a PE ratio of 31.64 and a beta of 1.48.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. The company had revenue of $48.17 million during the quarter, compared to analyst estimates of $47.82 million. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The firm's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. Sell-side analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Thursday, March 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from NAPCO Security Technologies's previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. NAPCO Security Technologies's payout ratio is currently 45.11%.

NAPCO Security Technologies Profile

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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