Vanguard Group Inc. Acquires 31,644 Shares of NAPCO Security Technologies, Inc. $NSSC

Vanguard Group Inc. boosted its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSCFree Report) by 1.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,882,063 shares of the industrial products company’s stock after purchasing an additional 31,644 shares during the period. Vanguard Group Inc. owned about 0.08% of NAPCO Security Technologies worth $120,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of NAPCO Security Technologies by 27.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,908 shares of the industrial products company’s stock worth $330,000 after buying an additional 1,686 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of NAPCO Security Technologies by 322.7% during the fourth quarter. State of Alaska Department of Revenue now owns 6,687 shares of the industrial products company’s stock worth $277,000 after purchasing an additional 5,105 shares during the period. Deprince Race & Zollo Inc. raised its position in NAPCO Security Technologies by 24.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 72,024 shares of the industrial products company’s stock valued at $3,003,000 after acquiring an additional 14,293 shares in the last quarter. Maseco LLP purchased a new position in NAPCO Security Technologies in the fourth quarter valued at $25,000. Finally, Linden Thomas Advisory Services LLC grew its stake in NAPCO Security Technologies by 3.4% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 44,068 shares of the industrial products company’s stock valued at $1,838,000 after acquiring an additional 1,432 shares during the period. 85.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NSSC. Weiss Ratings cut NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. DA Davidson reaffirmed a “buy” rating and issued a $52.00 price target on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 target price (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Finally, TD Cowen reiterated 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $48.67.

Get Our Latest Stock Analysis on NAPCO Security Technologies

Insider Transactions at NAPCO Security Technologies

In other news, CEO Richard Soloway sold 129,682 shares of NAPCO Security Technologies stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the completion of the sale, the chief executive officer directly owned 1,152,276 shares in the company, valued at approximately $51,840,897.24. This trade represents a 10.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.65% of the company’s stock.

NAPCO Security Technologies Stock Down 4.8%

NASDAQ:NSSC opened at $38.29 on Wednesday. The stock’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 52-week low of $26.44 and a 52-week high of $48.12. The company has a market capitalization of $1.37 billion, a PE ratio of 36.82 and a beta of 1.54.

NAPCO Security Technologies (NASDAQ:NSSCGet Free Report) last issued its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The firm had revenue of $49.17 million for the quarter, compared to analysts’ expectations of $49.26 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, sell-side analysts anticipate that NAPCO Security Technologies, Inc. will post 1.48 EPS for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

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

NAPCO Security Technologies Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding NSSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NAPCO Security Technologies, Inc. (NASDAQ:NSSCFree Report).

Institutional Ownership by Quarter for NAPCO Security Technologies (NASDAQ:NSSC)

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