New York State Common Retirement Fund Has $3.68 Million Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

New York State Common Retirement Fund increased its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 11.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,412 shares of the industrial products company’s stock after acquiring an additional 11,197 shares during the quarter. New York State Common Retirement Fund’s holdings in Napco Security Technologies were worth $3,679,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. abrdn plc increased its holdings 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 last quarter. Allspring Global Investments Holdings LLC grew its stake in Napco Security Technologies by 159.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 156,584 shares of the industrial products company’s stock valued at $5,363,000 after buying an additional 96,205 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Napco Security Technologies by 4.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,473 shares of the industrial products company’s stock valued at $496,000 after acquiring an additional 603 shares during the period. Allworth Financial LP raised its holdings in Napco Security Technologies by 19.9% in the 4th quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 550 shares during the period. Finally, Tributary Capital Management LLC acquired a new stake in Napco Security Technologies during the fourth quarter worth approximately $221,000. Institutional investors own 85.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NSSC shares. DA Davidson assumed coverage on Napco Security Technologies in a research note on Friday, April 26th. They set a “buy” rating and a $52.00 target price on the stock. StockNews.com lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $46.00 target price on shares of Napco Security Technologies in a report on Friday, April 12th. Finally, Imperial Capital downgraded 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 note on Tuesday, February 6th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $36.67.

Napco Security Technologies Stock Performance

NSSC opened at $42.47 on Monday. Napco Security Technologies, Inc. has a 52-week low of $17.76 and a 52-week high of $46.26. The firm has a market cap of $1.56 billion, a P/E ratio of 35.69 and a beta of 1.51. The business’s fifty day moving average is $40.99 and its 200-day moving average is $35.37.

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, topping the consensus estimate of $0.26 by $0.08. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The business had revenue of $47.50 million during the quarter, compared to analysts’ expectations of $43.92 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. Napco Security Technologies’s revenue was up 12.3% compared to the same quarter last year. On average, research analysts predict that Napco Security Technologies, Inc. will post 1.31 earnings per share for the current fiscal year.

Insider Transactions at Napco Security Technologies

In related news, CFO Kevin S. Buchel sold 10,000 shares of Napco Security Technologies stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $44.80, for a total value of $448,000.00. Following the transaction, the chief financial officer now directly owns 112,739 shares of the company’s stock, valued at $5,050,707.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Kevin S. Buchel sold 10,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $44.80, for a total transaction of $448,000.00. Following the completion of the transaction, the chief financial officer now owns 112,739 shares of the company’s stock, valued at approximately $5,050,707.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Soloway sold 50,000 shares of the firm’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 directly owns 1,656,010 shares in the company, valued at $67,482,407.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,200 shares of company stock valued at $3,987,644. Company insiders own 11.54% of the company’s stock.

Napco Security Technologies 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.