UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 75,785 Shares of NAPCO Security Technologies, Inc. $NSSC

Key Points

• UBS Asset Management cut its NAPCO Security Technologies stake by 27.9%, selling 75,785 shares and retaining 196,242 shares worth approximately $7.45 million. Institutional investors collectively own 85.07% of NSSC.
• NAPCO reported stronger-than-expected quarterly results, with EPS of $0.50 versus the $0.39 consensus and revenue of $55.81 million, up 10.1% year over year.
• The company increased its quarterly dividend to $0.17 per share, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $50.40.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 27.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 196,242 shares of the industrial products company's stock after selling 75,785 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.55% of NAPCO Security Technologies worth $7,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. GSA Capital Partners LLP lifted its stake in NAPCO Security Technologies by 510.3% during the 4th quarter. GSA Capital Partners LLP now owns 33,768 shares of the industrial products company's stock valued at $1,408,000 after acquiring an additional 28,235 shares during the period. Deutsche Bank AG bought a new stake in shares of NAPCO Security Technologies in the second quarter worth approximately $1,414,000. Principal Financial Group Inc. raised its holdings in shares of NAPCO Security Technologies by 239.7% during the first quarter. Principal Financial Group Inc. now owns 225,314 shares of the industrial products company's stock valued at $8,875,000 after purchasing an additional 158,984 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of NAPCO Security Technologies by 113.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 59,331 shares of the industrial products company's stock valued at $2,337,000 after purchasing an additional 31,516 shares during the last quarter. Finally, Rice Hall James & Associates LLC bought a new position in NAPCO Security Technologies during the second quarter valued at approximately $5,833,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

NAPCO Security Technologies Stock Performance

Shares of NASDAQ NSSC opened at $37.01 on Tuesday. NAPCO Security Technologies, Inc. has a 12-month low of $33.91 and a 12-month high of $51.77. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 30.59 and a beta of 1.43. The firm has a 50 day moving average of $37.32 and a 200 day moving average of $39.49.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. The business had revenue of $55.81 million for the quarter, compared to the consensus estimate of $52.51 million. NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. The company's quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. Sell-side analysts predict that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. This is an increase from NAPCO Security Technologies's previous quarterly dividend of $0.15. NAPCO Security Technologies's payout ratio is 49.59%.

Insiders Place Their Bets

In related news, Chairman Richard Soloway sold 379,529 shares of NAPCO Security Technologies stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the transaction, the chairman directly owned 621,958 shares in the company, valued at approximately $21,457,551. The trade was a 37.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donna Soloway sold 28,000 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $35.98, for a total value of $1,007,440.00. Following the sale, the director directly owned 20,962 shares of the company's stock, valued at $754,212.76. This represents a 57.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 523,962 shares of company stock worth $18,257,168. 5.65% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NSSC. DA Davidson set a $52.00 target price on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. Benchmark reissued a "buy" rating on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. Weiss Ratings reissued a "hold (c)" rating on shares of NAPCO Security Technologies in a report on Friday, August 7th. Needham & Company LLC restated a "buy" rating and issued a $49.00 price target on shares of NAPCO Security Technologies in a research note on Friday, August 21st. Finally, Wall Street Zen cut NAPCO Security Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $50.40.

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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