Allspring Global Investments Holdings LLC Buys 96,205 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Allspring Global Investments Holdings LLC lifted its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 159.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,584 shares of the industrial products company’s stock after purchasing an additional 96,205 shares during the period. Allspring Global Investments Holdings LLC owned 0.43% of Napco Security Technologies worth $5,363,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NSSC. Copeland Capital Management LLC bought a new stake in shares of Napco Security Technologies during the third quarter worth $28,000. Tower Research Capital LLC TRC increased its position in Napco Security Technologies by 137.5% in the first quarter. Tower Research Capital LLC TRC now owns 862 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 499 shares during the period. Great West Life Assurance Co. Can raised its holdings in Napco Security Technologies by 100.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,628 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 814 shares during the last quarter. Ensign Peak Advisors Inc acquired a new position in Napco Security Technologies during the 3rd quarter valued at about $42,000. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Napco Security Technologies by 100.0% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,090 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 1,045 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Insider Buying and Selling

In other Napco Security Technologies news, CEO Richard Soloway sold 50,000 shares of Napco Security Technologies stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $40.75, for a total value of $2,037,500.00. Following the transaction, the chief executive officer now owns 1,656,010 shares of the company’s stock, valued at $67,482,407.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Richard Soloway sold 50,000 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the sale, the chief executive officer now directly owns 1,656,010 shares in the company, valued at $67,482,407.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevin S. Buchel sold 10,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $44.80, for a total transaction of $448,000.00. Following the completion of the transaction, the chief financial officer now directly owns 112,739 shares of the company’s stock, valued at $5,050,707.20. The disclosure for this sale can be found here. In the last three months, insiders sold 93,200 shares of company stock valued at $3,987,644. 11.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NSSC has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $46.00 price target on shares of Napco Security Technologies in a research note on Friday, April 12th. Imperial Capital downgraded Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price target on the stock. in a research note on Tuesday, February 6th. Finally, StockNews.com lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $33.60.

Napco Security Technologies Stock Up 1.8 %

Shares of NASDAQ NSSC opened at $39.73 on Friday. Napco Security Technologies, Inc. has a twelve month low of $17.76 and a twelve month high of $46.26. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 33.39 and a beta of 1.55. The company’s fifty day moving average is $41.51 and its 200-day moving average is $33.58.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The business had revenue of $47.50 million for the quarter, compared to the consensus estimate of $43.92 million. During the same quarter last year, the business posted $0.23 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, research analysts anticipate that Napco Security Technologies, Inc. will post 1.3 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were given a $0.10 dividend. The ex-dividend date was Thursday, February 29th. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 1.01%. Napco Security Technologies’s payout ratio is currently 33.61%.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.