Allspring Global Investments Holdings LLC Acquires 96,205 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Allspring Global Investments Holdings LLC grew its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 159.3% during the 4th quarter, HoldingsChannel reports. The firm owned 156,584 shares of the industrial products company’s stock after purchasing an additional 96,205 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Napco Security Technologies were worth $5,363,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NSSC. Vanguard Group Inc. grew its position in Napco Security Technologies by 5.3% in the third quarter. Vanguard Group Inc. now owns 2,399,096 shares of the industrial products company’s stock valued at $53,380,000 after acquiring an additional 120,842 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Napco Security Technologies by 3.4% during the 2nd quarter. BlackRock Inc. now owns 2,343,180 shares of the industrial products company’s stock valued at $81,191,000 after purchasing an additional 76,516 shares during the last quarter. Wasatch Advisors Inc. increased its position in Napco Security Technologies by 80.4% during the 1st quarter. Wasatch Advisors Inc. now owns 1,619,409 shares of the industrial products company’s stock worth $33,230,000 after purchasing an additional 721,575 shares in the last quarter. FMR LLC lifted its stake in Napco Security Technologies by 29.0% in the 3rd quarter. FMR LLC now owns 1,577,159 shares of the industrial products company’s stock valued at $35,092,000 after purchasing an additional 354,579 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Napco Security Technologies by 100.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,273,636 shares of the industrial products company’s stock valued at $26,136,000 after buying an additional 638,478 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies news, SVP Michael Carrieri sold 5,200 shares of the firm’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 completion of the transaction, the senior vice president now owns 14,232 shares in the company, valued at approximately $653,533.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Richard Soloway sold 50,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $40.75, for a total value of $2,037,500.00. Following the transaction, the chief executive officer now owns 1,656,010 shares in the company, valued at $67,482,407.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Michael Carrieri sold 5,200 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $45.92, for a total value of $238,784.00. Following the sale, the senior vice president now owns 14,232 shares of the company’s stock, valued at $653,533.44. The disclosure for this sale can be found here. Insiders have sold 93,200 shares of company stock worth $3,987,644 over the last ninety days. Insiders own 11.54% of the company’s stock.

Napco Security Technologies Stock Performance

NSSC stock opened at $39.73 on Friday. The company has a market capitalization of $1.46 billion, a P/E ratio of 33.39 and a beta of 1.55. The company has a fifty day moving average price of $41.51 and a 200-day moving average price of $33.58. Napco Security Technologies, Inc. has a 52-week low of $17.76 and a 52-week high of $46.26.

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

Napco Security Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were paid a $0.10 dividend. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Thursday, February 29th. Napco Security Technologies’s payout ratio is currently 33.61%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $46.00 price target on shares of Napco Security Technologies in a report on Friday, April 12th. Imperial Capital lowered Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price objective on the stock. in a research report on Tuesday, February 6th. Finally, StockNews.com downgraded Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Napco Security Technologies has an average rating of “Hold” and an average price target of $33.60.

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.