Watershed Asset Management L.L.C. Invests $294,000 in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Watershed Asset Management L.L.C. acquired a new position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,596 shares of the industrial products company’s stock, valued at approximately $294,000.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Napco Security Technologies by 159.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 156,584 shares of the industrial products company’s stock worth $5,363,000 after acquiring an additional 96,205 shares during the period. Ziegler Capital Management LLC purchased a new position in Napco Security Technologies in the fourth quarter valued at approximately $3,143,000. First National Advisers LLC purchased a new position in Napco Security Technologies in the third quarter valued at approximately $259,000. Gamco Investors INC. ET AL raised its holdings in Napco Security Technologies by 363.0% in the third quarter. Gamco Investors INC. ET AL now owns 175,000 shares of the industrial products company’s stock valued at $3,894,000 after buying an additional 137,200 shares during the period. Finally, RiverPark Advisors LLC raised its holdings in Napco Security Technologies by 80.1% in the fourth quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company’s stock valued at $57,000 after buying an additional 743 shares during the period. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Napco Security Technologies

In other news, CEO Richard Soloway sold 28,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $45.12, for a total transaction of $1,263,360.00. Following the completion of the sale, the chief executive officer now owns 3,706,010 shares of the company’s stock, valued at $167,215,171.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Kevin S. Buchel sold 10,000 shares of the firm’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 transaction, the chief financial officer now directly owns 112,739 shares in the company, valued at $5,050,707.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard Soloway sold 28,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $45.12, for a total value of $1,263,360.00. Following the transaction, the chief executive officer now owns 3,706,010 shares in the company, valued at $167,215,171.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,200 shares of company stock valued at $3,987,644. 11.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on NSSC. Imperial Capital lowered shares of Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price target on the stock. in a report on Tuesday, February 6th. StockNews.com lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $46.00 price target on shares of Napco Security Technologies in a report on Friday, April 12th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $33.60.

Napco Security Technologies Trading Up 4.6 %

NASDAQ:NSSC traded up $1.91 during trading hours on Tuesday, hitting $43.32. The stock had a trading volume of 715,199 shares, compared to its average volume of 344,478. Napco Security Technologies, Inc. has a 1-year low of $17.76 and a 1-year high of $46.26. The business has a 50 day simple moving average of $41.31 and a two-hundred day simple moving average of $34.00. The company has a market cap of $1.59 billion, a PE ratio of 36.40 and a beta of 1.55.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The company had revenue of $47.50 million during the quarter, compared to the consensus estimate of $43.92 million. During the same quarter last year, the company earned $0.23 earnings per share. Napco Security Technologies’s revenue for the quarter was up 12.3% on a year-over-year basis. Research analysts expect that Napco Security Technologies, Inc. will post 1.3 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were given a dividend of $0.10 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.08. Napco Security Technologies’s dividend payout ratio (DPR) is presently 33.61%.

Napco Security Technologies 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.