Envestnet Asset Management Inc. Sells 69,326 Shares of NAPCO Security Technologies, Inc. $NSSC

Envestnet Asset Management Inc. reduced its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 9.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 643,348 shares of the industrial products company’s stock after selling 69,326 shares during the quarter. Envestnet Asset Management Inc. owned about 1.80% of NAPCO Security Technologies worth $19,101,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NSSC. GAMMA Investing LLC lifted its position 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 buying an additional 768 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of NAPCO Security Technologies during the 1st quarter valued at approximately $91,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in NAPCO Security Technologies in the 2nd quarter valued at approximately $209,000. Janney Montgomery Scott LLC acquired a new position in NAPCO Security Technologies in the 2nd quarter worth about $236,000. Finally, State of Wyoming grew its holdings in NAPCO Security Technologies by 21.0% during the 1st quarter. State of Wyoming now owns 8,587 shares of the industrial products company’s stock worth $198,000 after acquiring an additional 1,490 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Analyst Upgrades and Downgrades

NSSC has been the subject of several analyst reports. Craig Hallum raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday, August 26th. Needham & Company LLC raised their target price on NAPCO Security Technologies from $36.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday. Wall Street Zen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Cowen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Zacks Research raised NAPCO Security Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $47.50.

NAPCO Security Technologies Price Performance

NSSC opened at $44.40 on Thursday. NAPCO Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $48.12. The firm has a market capitalization of $1.58 billion, a PE ratio of 37.31 and a beta of 1.54. The company’s 50-day moving average is $42.28 and its 200 day moving average is $33.46.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, November 3rd. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The business had revenue of $49.17 million during the quarter, compared to analyst estimates of $46.81 million. During the same period in the prior year, the firm posted $0.29 EPS. NAPCO Security Technologies’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, analysts expect that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

NAPCO Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be paid a $0.14 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.56 annualized dividend and a yield of 1.3%. NAPCO Security Technologies’s dividend payout ratio is presently 45.53%.

NAPCO Security Technologies Company Profile

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.