The Manufacturers Life Insurance Company Takes Position in NAPCO Security Technologies, Inc. $NSSC

The Manufacturers Life Insurance Company acquired a new position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,146 shares of the industrial products company’s stock, valued at approximately $575,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of NAPCO Security Technologies in the 2nd quarter valued at $213,928,000. Arrowstreet Capital Limited Partnership boosted its position in NAPCO Security Technologies by 668.4% during the third 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 during the last quarter. Copeland Capital Management LLC grew its holdings in NAPCO Security Technologies by 41.4% during the 1st quarter. Copeland Capital Management LLC now owns 2,009,089 shares of the industrial products company’s stock worth $79,138,000 after acquiring an additional 588,297 shares during the period. First Trust Advisors LP bought a new position in shares of NAPCO Security Technologies in the 3rd quarter worth about $24,305,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of NAPCO Security Technologies in the 2nd quarter valued at about $11,812,000. 85.07% of the stock is owned by institutional investors and hedge funds.

NAPCO Security Technologies Price Performance

Shares of NASDAQ:NSSC opened at $37.01 on Monday. NAPCO Security Technologies, Inc. has a twelve month low of $33.91 and a twelve month high of $51.77. The stock’s 50 day moving average is $37.33 and its 200-day moving average is $39.54. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 30.59 and a beta of 1.43.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. The business had revenue of $55.81 million during 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%. NAPCO Security Technologies’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. Equities research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.66 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of NAPCO Security Technologies in a report on Friday, August 7th. Needham & Company LLC reiterated a “buy” rating and issued a $49.00 price objective on shares of NAPCO Security Technologies in a research note on Friday, August 21st. Wall Street Zen lowered shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. DA Davidson set a $52.00 price target on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. Finally, Benchmark reaffirmed a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.40.

Insider Activity

In other news, Director Donna Soloway sold 20,962 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $34.62, for a total value of $725,704.44. Following the completion of the sale, the director directly owned 20,962 shares of the company’s stock, valued at $725,704.44. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Richard Soloway sold 379,529 shares of NAPCO Security Technologies stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $34.50, for a total value 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 position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 523,962 shares of company stock valued at $18,257,168. 5.65% of the stock is currently owned by insiders.

NAPCO Security Technologies Company 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.