Man Group plc acquired a new position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 22,526 shares of the industrial products company’s stock, valued at approximately $856,000. Man Group plc owned about 0.06% of NAPCO Security Technologies at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of NAPCO Security Technologies during the second quarter valued at about $213,928,000. Jupiter Topco LLC acquired a new stake in NAPCO Security Technologies in the 2nd quarter valued at approximately $63,855,000. Arrowstreet Capital Limited Partnership increased its holdings in NAPCO Security Technologies by 668.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock valued at $36,986,000 after purchasing an additional 749,065 shares during the last quarter. Copeland Capital Management LLC raised its position in NAPCO Security Technologies by 41.4% in the first quarter. Copeland Capital Management LLC now owns 2,009,089 shares of the industrial products company’s stock valued at $79,138,000 after purchasing an additional 588,297 shares during the period. Finally, First Trust Advisors LP acquired a new position in NAPCO Security Technologies during the third quarter worth $24,305,000. Institutional investors and hedge funds own 85.07% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on NSSC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of NAPCO Security Technologies in a report on Friday, August 7th. Benchmark reiterated a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. DA Davidson set a $52.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. Wall Street Zen lowered shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $49.00 price target on shares of NAPCO Security Technologies in a research note on Friday, August 21st. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.40.
Insider Buying and Selling at NAPCO Security Technologies
In related news, Chairman Richard Soloway sold 379,529 shares of the stock in a transaction 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 of the company’s stock, valued at $21,457,551. This trade represents a 37.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Donna Soloway sold 28,000 shares of NAPCO Security Technologies stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $35.98, for a total transaction of $1,007,440.00. Following the sale, the director owned 20,962 shares in the company, valued at $754,212.76. This represents a 57.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 523,962 shares of company stock valued at $18,257,168. Company insiders own 5.65% of the company’s stock.
NAPCO Security Technologies Trading Up 3.9%
Shares of NSSC stock opened at $37.05 on Friday. NAPCO Security Technologies, Inc. has a 12 month low of $33.91 and a 12 month high of $51.77. The company has a market cap of $1.33 billion, a P/E ratio of 30.62 and a beta of 1.43. The firm has a fifty day moving average price of $37.33 and a 200 day moving average price of $39.59.
NAPCO Security Technologies (NASDAQ:NSSC – Get Free Report) last announced its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The company had revenue of $55.81 million during the quarter, compared to the consensus estimate of $52.51 million. During the same period in the previous year, the business earned $0.33 EPS. NAPCO Security Technologies’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities analysts forecast that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current year.
NAPCO Security Technologies Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.8%. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.15. NAPCO Security Technologies’s payout ratio is presently 49.59%.
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.
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