Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC boosted its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 32.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,705 shares of the industrial products company’s stock after buying an additional 3,141 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Napco Security Technologies were worth $435,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSSC. FMR LLC grew its position in Napco Security Technologies by 29.0% during the third quarter. FMR LLC now owns 1,577,159 shares of the industrial products company’s stock valued at $35,092,000 after buying an additional 354,579 shares during the period. abrdn plc grew its position in shares of Napco Security Technologies by 49.3% in the fourth quarter. abrdn plc now owns 883,726 shares of the industrial products company’s stock valued at $30,268,000 after purchasing an additional 291,920 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Napco Security Technologies by 323.4% in the third quarter. Envestnet Asset Management Inc. now owns 276,905 shares of the industrial products company’s stock valued at $6,161,000 after purchasing an additional 211,506 shares during the period. Handelsbanken Fonder AB grew its position in shares of Napco Security Technologies by 26.7% in the third quarter. Handelsbanken Fonder AB now owns 760,000 shares of the industrial products company’s stock valued at $16,910,000 after purchasing an additional 160,000 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Napco Security Technologies by 131.6% in the third quarter. Wellington Management Group LLP now owns 256,984 shares of the industrial products company’s stock valued at $5,718,000 after purchasing an additional 146,027 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Insider Buying and Selling

In related news, SVP Michael Carrieri sold 5,200 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $45.92, for a total transaction of $238,784.00. Following the sale, the senior vice president now directly owns 14,232 shares of the company’s stock, valued at approximately $653,533.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Richard Soloway sold 28,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $45.12, for a total transaction of $1,263,360.00. Following the sale, the chief executive officer now directly owns 3,706,010 shares of the company’s stock, valued at approximately $167,215,171.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael Carrieri sold 5,200 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $45.92, for a total transaction of $238,784.00. Following the completion of the sale, the senior vice president now directly owns 14,232 shares in the company, valued at $653,533.44. The disclosure for this sale can be found here. Insiders have sold a total of 93,200 shares of company stock valued at $3,987,644 in the last ninety days. Company insiders own 11.54% of the company’s stock.

Napco Security Technologies Stock Performance

Napco Security Technologies stock opened at $43.38 on Friday. The company’s 50 day simple moving average is $41.25 and its 200-day simple moving average is $34.28. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 36.45 and a beta of 1.55. Napco Security Technologies, Inc. has a 1 year low of $17.76 and a 1 year high of $46.26.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $47.50 million for the quarter, compared to the consensus estimate of $43.92 million. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. Equities analysts expect that Napco Security Technologies, Inc. will post 1.3 earnings per share for the current year.

Napco Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were paid a dividend of $0.10 per share. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, February 29th. Napco Security Technologies’s dividend payout ratio is presently 33.61%.

Wall Street Analysts Forecast Growth

NSSC has been the topic of several research analyst reports. DA Davidson initiated coverage on shares of Napco Security Technologies in a research report on Friday. They issued a “buy” rating and a $52.00 target price on the stock. StockNews.com lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Imperial Capital lowered shares of Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price target on the stock. in a research report on Tuesday, February 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $46.00 price target on shares of Napco Security Technologies in a research report on Friday, April 12th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $36.67.

About Napco Security Technologies

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.