Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 4.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,473 shares of the industrial products company’s stock after acquiring an additional 603 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Napco Security Technologies were worth $496,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Handelsbanken Fonder AB grew its holdings in 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. Linden Thomas Advisory Services LLC grew its stake in Napco Security Technologies by 18.8% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 9,564 shares of the industrial products company’s stock valued at $213,000 after acquiring an additional 1,516 shares during the period. Copeland Capital Management LLC purchased a new stake in Napco Security Technologies in the 3rd quarter worth $28,000. Barrett & Company Inc. raised its position in Napco Security Technologies by 53.8% during the third quarter. Barrett & Company Inc. now owns 6,155 shares of the industrial products company’s stock worth $137,000 after acquiring an additional 2,152 shares during the period. Finally, Shaker Investments LLC OH purchased a new position in Napco Security Technologies during the third quarter valued at $221,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Trading Down 1.4 %

NSSC stock opened at $43.38 on Friday. The firm has a 50-day moving average of $41.28 and a two-hundred day moving average of $34.22. Napco Security Technologies, Inc. has a 12 month low of $17.76 and a 12 month high of $46.26. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 36.45 and a beta of 1.55.

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

Napco Security Technologies Increases Dividend

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

Analyst Ratings Changes

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

Insider Transactions at Napco Security Technologies

In related news, CEO Richard Soloway sold 50,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 1,656,010 shares of the company’s stock, valued at $67,482,407.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Napco Security Technologies news, CEO Richard Soloway sold 50,000 shares of the business’s stock in a transaction dated 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 directly owns 1,656,010 shares in the company, valued at approximately $67,482,407.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 of the company’s stock, valued at approximately $653,533.44. The disclosure for this sale can be found here. Insiders have sold a total of 93,200 shares of company stock worth $3,987,644 in the last quarter. Company insiders own 11.54% of the company’s stock.

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.