Envestnet Asset Management Inc. Acquires 95,014 Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Envestnet Asset Management Inc. increased its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 15.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 712,674 shares of the industrial products company’s stock after purchasing an additional 95,014 shares during the quarter. Envestnet Asset Management Inc. owned 1.96% of NAPCO Security Technologies worth $16,406,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of NAPCO Security Technologies by 227.2% during the 1st quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 768 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of NAPCO Security Technologies during the 4th quarter worth approximately $32,000. Caption Management LLC bought a new position in shares of NAPCO Security Technologies during the 4th quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of NAPCO Security Technologies in the 4th quarter valued at approximately $53,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of NAPCO Security Technologies in the 4th quarter valued at approximately $54,000. 85.07% of the stock is owned by institutional investors.

NAPCO Security Technologies Stock Performance

NSSC opened at $30.85 on Friday. The stock has a fifty day moving average of $28.81 and a 200-day moving average of $27.43. The company has a market capitalization of $1.10 billion, a P/E ratio of 25.29 and a beta of 1.43. NAPCO Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $58.09.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. NAPCO Security Technologies had a net margin of 25.00% and a return on equity of 26.14%. The company had revenue of $43.96 million during the quarter, compared to analysts’ expectations of $45.11 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. NAPCO Security Technologies’s quarterly revenue was down 10.8% on a year-over-year basis. On average, equities research analysts predict that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 12th were given a $0.14 dividend. The ex-dividend date was Thursday, June 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.82%. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.13. NAPCO Security Technologies’s dividend payout ratio (DPR) is presently 45.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Needham & Company LLC cut their price objective on NAPCO Security Technologies from $37.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. DA Davidson set a $33.00 price objective on NAPCO Security Technologies and gave the company a “buy” rating in a report on Wednesday, June 25th. Lake Street Capital set a $26.00 price objective on NAPCO Security Technologies in a report on Monday, May 5th. Finally, Mizuho started coverage on NAPCO Security Technologies in a report on Thursday, July 10th. They issued an “outperform” rating and a $39.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.83.

About NAPCO Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.