Public Employees Retirement Association of Colorado Acquires Shares of 3,551 Napco Security Technologies, Inc. (NASDAQ:NSSC)

Public Employees Retirement Association of Colorado acquired a new position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 3,551 shares of the industrial products company’s stock, valued at approximately $184,000.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Napco Security Technologies by 4.2% during the first quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock valued at $102,654,000 after acquiring an additional 102,010 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Napco Security Technologies by 168.9% during the fourth quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock valued at $23,672,000 after acquiring an additional 434,164 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Napco Security Technologies during the second quarter valued at approximately $31,504,000. Wasatch Advisors LP grew its position in shares of Napco Security Technologies by 13.3% in the fourth quarter. Wasatch Advisors LP now owns 571,416 shares of the industrial products company’s stock valued at $19,571,000 after purchasing an additional 67,175 shares in the last quarter. Finally, Emerald Advisers LLC grew its position in shares of Napco Security Technologies by 118.3% in the second quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company’s stock valued at $25,382,000 after purchasing an additional 264,789 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Insider Transactions at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the transaction, the director now directly owns 2,681 shares in the company, valued at $99,518.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 11.54% of the company’s stock.

Analysts Set New Price Targets

NSSC has been the subject of a number of analyst reports. Lake Street Capital restated a “buy” rating and issued a $60.00 price target on shares of Napco Security Technologies in a research report on Tuesday, September 17th. Needham & Company LLC upped their price target on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, DA Davidson upped their price target on Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.29.

Napco Security Technologies Stock Performance

Shares of Napco Security Technologies stock opened at $40.91 on Monday. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 32.47 and a beta of 1.64. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $58.09. The stock has a 50 day moving average of $47.67 and a 200 day moving average of $46.88.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $50.33 million during the quarter, compared to analyst estimates of $50.18 million. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. During the same period in the prior year, the business posted $0.28 earnings per share. Analysts forecast that Napco Security Technologies, Inc. will post 1.85 EPS for the current year.

Napco Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be given a dividend of $0.125 per share. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, September 12th. Napco Security Technologies’s dividend payout ratio (DPR) is currently 39.68%.

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.