Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 168.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 691,148 shares of the industrial products company’s stock after acquiring an additional 434,164 shares during the period. Wellington Management Group LLP owned 1.88% of Napco Security Technologies worth $23,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Napco Security Technologies by 15.2% in the third quarter. Barclays PLC now owns 15,107 shares of the industrial products company’s stock valued at $335,000 after purchasing an additional 1,996 shares during the last quarter. Swiss National Bank boosted its holdings in Napco Security Technologies by 1.1% in the third quarter. Swiss National Bank now owns 72,800 shares of the industrial products company’s stock valued at $1,620,000 after purchasing an additional 800 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Napco Security Technologies by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 230,177 shares of the industrial products company’s stock valued at $5,121,000 after purchasing an additional 7,399 shares during the last quarter. UBS Group AG boosted its holdings in Napco Security Technologies by 380.7% in the third quarter. UBS Group AG now owns 156,276 shares of the industrial products company’s stock valued at $3,477,000 after purchasing an additional 123,765 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Napco Security Technologies in the third quarter valued at $101,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. B. Riley upped their price target on shares of Napco Security Technologies from $36.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Needham & Company LLC increased their target price on shares of Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Lake Street Capital increased their target price on shares of Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. DA Davidson assumed coverage on shares of Napco Security Technologies in a research note on Friday, April 26th. They set a “buy” rating and a $52.00 target price on the stock. Finally, Craig Hallum reissued a “buy” rating and set a $65.00 target price (up from $50.00) on shares of Napco Security Technologies in a research note on Friday, May 24th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $54.14.

Napco Security Technologies Stock Up 0.4 %

NSSC opened at $50.80 on Wednesday. Napco Security Technologies, Inc. has a twelve month low of $17.76 and a twelve month high of $53.59. The company has a 50-day moving average price of $47.10 and a 200 day moving average price of $41.46. The company has a market cap of $1.87 billion, a PE ratio of 40.32 and a beta of 1.61.

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

Napco Security Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 3rd were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.79%. Napco Security Technologies’s payout ratio is 31.75%.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, CEO Richard Soloway sold 250,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $44.20, for a total value of $11,050,000.00. Following the completion of the sale, the chief executive officer now owns 1,406,010 shares in the company, valued at approximately $62,145,642. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.54% of the stock is owned by insiders.

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.