Mcmorgan & Co. LLC Reduces Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Mcmorgan & Co. LLC decreased its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 24.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,071 shares of the industrial products company’s stock after selling 27,528 shares during the quarter. Napco Security Technologies comprises approximately 0.7% of Mcmorgan & Co. LLC’s portfolio, making the stock its 22nd biggest holding. Mcmorgan & Co. LLC owned approximately 0.23% of Napco Security Technologies worth $4,316,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NSSC. Vanguard Group Inc. grew its position in shares of Napco Security Technologies by 4.2% in the first quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock valued at $102,654,000 after purchasing an additional 102,010 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Napco Security Technologies by 168.9% during the fourth quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock valued at $23,672,000 after buying an additional 434,164 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Napco Security Technologies in the second quarter worth about $31,504,000. Wasatch Advisors LP lifted its holdings in shares of Napco Security Technologies by 13.3% in the fourth quarter. Wasatch Advisors LP now owns 571,416 shares of the industrial products company’s stock worth $19,571,000 after buying an additional 67,175 shares in the last quarter. Finally, Emerald Advisers LLC boosted its position in shares of Napco Security Technologies by 118.3% in the second quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company’s stock valued at $25,382,000 after acquiring an additional 264,789 shares during the period. Institutional investors own 85.07% of the company’s stock.

Insider Activity

In other news, Director Paul Stephen Beeber sold 708 shares of Napco Security Technologies stock in a transaction dated 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 owns 2,681 shares in the company, valued at $99,518.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 11.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on NSSC shares. Lake Street Capital reaffirmed a “buy” rating and set a $60.00 target price 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 research report on Tuesday, August 27th. Finally, Needham & Company LLC increased their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Napco Security Technologies has a consensus rating of “Moderate Buy” and an average price target of $55.29.

Napco Security Technologies Stock Up 0.2 %

Shares of NSSC stock opened at $41.48 on Thursday. The firm has a market cap of $1.53 billion, a P/E ratio of 32.92 and a beta of 1.64. The business has a 50-day moving average price of $48.17 and a two-hundred day moving average price of $46.82. Napco Security Technologies, Inc. has a 12-month low of $17.76 and a 12-month high of $58.09.

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, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $50.33 million for the quarter, compared to analysts’ expectations of $50.18 million. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. During the same period last year, the business earned $0.28 earnings per share. As a group, research analysts expect that Napco Security Technologies, Inc. will post 1.85 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.21%. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, September 12th. Napco Security Technologies’s dividend payout ratio is presently 39.68%.

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.