Vanguard Group Inc. Boosts Stock Position in NAPCO Security Technologies, Inc. $NSSC

Vanguard Group Inc. boosted its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,882,063 shares of the industrial products company’s stock after acquiring an additional 31,644 shares during the quarter. Vanguard Group Inc. owned 8.08% of NAPCO Security Technologies worth $120,182,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Vest Financial LLC purchased a new position in shares of NAPCO Security Technologies in the third quarter worth $1,612,000. Fundsmith LLP boosted its position in shares of NAPCO Security Technologies by 86.4% during the third quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company’s stock valued at $76,445,000 after buying an additional 824,945 shares during the last quarter. Crawford Investment Counsel Inc. purchased a new stake in shares of NAPCO Security Technologies during the third quarter valued at $4,456,000. SG Americas Securities LLC increased its holdings in NAPCO Security Technologies by 882.6% in the 3rd quarter. SG Americas Securities LLC now owns 43,036 shares of the industrial products company’s stock worth $1,848,000 after buying an additional 38,656 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in NAPCO Security Technologies in the 3rd quarter worth about $1,013,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Richard Soloway sold 129,682 shares of NAPCO Security Technologies stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the transaction, the chief executive officer directly owned 1,152,276 shares in the company, valued at approximately $51,840,897.24. The trade was a 10.12% 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. Corporate insiders own 5.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NSSC. Weiss Ratings cut shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. DA Davidson reissued a “buy” rating and set a $52.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Needham & Company LLC restated 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, TD Cowen restated a “buy” rating and issued a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.67.

NAPCO Security Technologies Stock Down 4.8%

Shares of NASDAQ:NSSC opened at $38.29 on Wednesday. The stock has a market capitalization of $1.37 billion, a PE ratio of 36.82 and a beta of 1.54. The firm’s 50 day moving average price is $42.57 and its 200-day moving average price is $42.08. NAPCO Security Technologies, Inc. has a twelve month low of $26.44 and a twelve month high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, May 4th. The industrial products company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%. The business had revenue of $49.17 million during the quarter, compared to analysts’ expectations of $49.26 million. During the same period in the prior year, the company earned $0.28 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. Analysts expect that NAPCO Security Technologies, Inc. will post 1.48 earnings per share for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Friday, June 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, June 12th. NAPCO Security Technologies’s dividend payout ratio is 57.69%.

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.