Engineers Gate Manager LP Acquires 14,348 Shares of NAPCO Security Technologies, Inc. $NSSC
by Michael Walen · The Markets DailyEngineers Gate Manager LP raised its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC – Free Report) by 34.8% during the second quarter, HoldingsChannel reports. The firm owned 55,530 shares of the industrial products company’s stock after purchasing an additional 14,348 shares during the period. Engineers Gate Manager LP’s holdings in NAPCO Security Technologies were worth $2,109,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Integrated Wealth Concepts LLC bought a new position in shares of NAPCO Security Technologies during the second quarter valued at approximately $46,000. Corient Private Wealth LP raised its position in shares of NAPCO Security Technologies by 326.5% in the 2nd quarter. Corient Private Wealth LP now owns 48,576 shares of the industrial products company’s stock worth $1,845,000 after acquiring an additional 37,186 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of NAPCO Security Technologies in the 2nd quarter valued at about $1,555,000. SkyOak Wealth LLC boosted its stake in NAPCO Security Technologies by 14.2% in the second quarter. SkyOak Wealth LLC now owns 7,036 shares of the industrial products company’s stock valued at $267,000 after acquiring an additional 874 shares in the last quarter. Finally, Fundsmith LLP boosted its position in shares of NAPCO Security Technologies by 58.2% in the 2nd quarter. Fundsmith LLP now owns 606,974 shares of the industrial products company’s stock worth $23,053,000 after purchasing an additional 223,378 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.
Analyst Upgrades and Downgrades
NSSC has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. Wall Street Zen cut NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. DA Davidson set a $52.00 target price on NAPCO Security Technologies in a research report on Tuesday, August 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 price target on shares of NAPCO Security Technologies in a report on Friday, August 21st. 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 issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.40.
Read Our Latest Stock Report on NAPCO Security Technologies
NAPCO Security Technologies Trading Up 0.3%
Shares of NSSC opened at $35.95 on Wednesday. The firm has a market cap of $1.29 billion, a P/E ratio of 29.71 and a beta of 1.43. NAPCO Security Technologies, Inc. has a 12 month low of $33.91 and a 12 month high of $51.77. The stock’s 50 day moving average is $37.07 and its two-hundred day moving average is $39.09.
NAPCO Security Technologies (NASDAQ:NSSC – Get Free Report) last released its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $55.81 million for the quarter, compared to analysts’ expectations of $52.51 million. NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. Equities research analysts forecast that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current year.
NAPCO Security Technologies Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a $0.17 dividend. This is a boost 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 1.9%. The ex-dividend date of this dividend is Friday, September 11th. NAPCO Security Technologies’s dividend payout ratio is presently 56.20%.
Insider Activity at NAPCO Security Technologies
In other NAPCO Security Technologies news, Chairman Richard Soloway sold 379,529 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total value of $13,093,750.50. Following the transaction, the chairman owned 621,958 shares in the company, valued at approximately $21,457,551. This trade represents a 37.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donna Soloway sold 20,962 shares of NAPCO Security Technologies stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $34.62, for a total transaction of $725,704.44. Following the sale, the director directly owned 20,962 shares in the company, valued at approximately $725,704.44. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 523,962 shares of company stock valued at $18,257,168 over the last quarter. 5.65% of the stock is owned by company insiders.
NAPCO Security Technologies Profile
NAPCO Security Technologies, Inc is a security products and solutions company that designs, develops, manufactures and sells equipment for residential, commercial, institutional and industrial applications. The company’s offerings address intrusion detection, fire and life safety, access control, locking and school security needs.
Its product portfolio includes security alarm systems, control panels, sensors, alarm communications equipment, access-control systems, electronic locks and related software and services.
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