The Manufacturers Life Insurance Company Boosts Stock Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

The Manufacturers Life Insurance Company raised its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 6.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,501 shares of the industrial products company’s stock after buying an additional 1,042 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of Napco Security Technologies worth $961,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sei Investments Co. purchased a new stake in Napco Security Technologies in the 1st quarter valued at about $682,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Napco Security Technologies during the 1st quarter valued at approximately $2,610,000. Annex Advisory Services LLC grew its position in shares of Napco Security Technologies by 588.0% during the 1st quarter. Annex Advisory Services LLC now owns 234,594 shares of the industrial products company’s stock valued at $9,421,000 after buying an additional 200,494 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Napco Security Technologies by 250.8% in the 2nd quarter. SG Americas Securities LLC now owns 22,714 shares of the industrial products company’s stock worth $1,180,000 after purchasing an additional 16,239 shares during the last quarter. Finally, Norden Group LLC bought a new position in shares of Napco Security Technologies during the first quarter worth about $565,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Lake Street Capital reissued a “buy” rating and set a $60.00 price target on shares of Napco Security Technologies in a report on Tuesday, September 17th. DA Davidson boosted their price target on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Finally, Needham & Company LLC raised their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Napco Security Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.29.

Insider Activity at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the transaction, the director now directly owns 2,681 shares of the company’s stock, valued at $99,518.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.54% of the stock is owned by insiders.

Napco Security Technologies Stock Performance

Shares of NSSC stock opened at $39.40 on Monday. Napco Security Technologies, Inc. has a twelve month low of $17.76 and a twelve month high of $58.09. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 31.27 and a beta of 1.64. The stock’s 50 day simple moving average is $44.53 and its 200 day simple moving average is $46.85.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, August 26th. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the company earned $0.28 earnings per share. On average, analysts forecast that Napco Security Technologies, Inc. will post 1.85 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.27%. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. Napco Security Technologies’s payout ratio is presently 39.68%.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.