Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lessened its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 26.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 423,057 shares of the industrial products company’s stock after selling 148,359 shares during the period. Wasatch Advisors LP’s holdings in Napco Security Technologies were worth $16,990,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NSSC. Vanguard Group Inc. lifted its stake in shares of Napco Security Technologies by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,399,096 shares of the industrial products company’s stock valued at $53,380,000 after purchasing an additional 120,842 shares during the period. FMR LLC boosted its stake in shares of Napco Security Technologies by 29.0% during the 3rd quarter. FMR LLC now owns 1,577,159 shares of the industrial products company’s stock worth $35,092,000 after acquiring an additional 354,579 shares in the last quarter. GW&K Investment Management LLC grew its position in shares of Napco Security Technologies by 3.6% during the 4th quarter. GW&K Investment Management LLC now owns 1,149,474 shares of the industrial products company’s stock valued at $39,369,000 after acquiring an additional 40,166 shares during the period. abrdn plc increased its stake in shares of Napco Security Technologies by 49.3% in the 4th quarter. abrdn plc now owns 883,726 shares of the industrial products company’s stock valued at $30,268,000 after purchasing an additional 291,920 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Napco Security Technologies by 168.9% in the 4th quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock worth $23,672,000 after purchasing an additional 434,164 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Richard Soloway sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 1,656,010 shares of the company’s stock, valued at approximately $67,482,407.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 11.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. DA Davidson started coverage on Napco Security Technologies in a research report on Friday, April 26th. They issued a “buy” rating and a $52.00 price objective for the company. B. Riley boosted their price target on shares of Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Lake Street Capital increased their price objective on shares of Napco Security Technologies from $54.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. TD Cowen began coverage on shares of Napco Security Technologies in a research report on Tuesday, May 28th. They issued a “buy” rating and a $60.00 target price on the stock. Finally, Craig Hallum restated a “buy” rating and set a $65.00 price target (up previously from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Napco Security Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.

Napco Security Technologies Trading Up 2.2 %

NASDAQ:NSSC opened at $53.66 on Wednesday. The company has a market cap of $1.98 billion, a P/E ratio of 42.59 and a beta of 1.62. Napco Security Technologies, Inc. has a twelve month low of $17.76 and a twelve month high of $53.70. The company’s 50-day moving average price is $48.24 and its 200-day moving average price is $42.13.

Napco Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, May 6th. The industrial products company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $49.30 million for the quarter, compared to analyst estimates of $48.16 million. Napco Security Technologies had a net margin of 25.58% and a return on equity of 30.50%. The business’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. On average, analysts expect that Napco Security Technologies, Inc. will post 1.35 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 3rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.75%. The ex-dividend date was Monday, June 3rd. Napco Security Technologies’s payout ratio is currently 31.75%.

Napco Security Technologies Company Profile

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.