Envestnet Asset Management Inc. Sells 221,251 Shares of NAPCO Security Technologies, Inc. $NSSC

Envestnet Asset Management Inc. lowered its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 34.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 422,097 shares of the industrial products company’s stock after selling 221,251 shares during the period. Envestnet Asset Management Inc. owned 1.18% of NAPCO Security Technologies worth $18,129,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of NAPCO Security Technologies by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock valued at $481,000 after purchasing an additional 885 shares during the period. Millennium Management LLC grew its holdings in NAPCO Security Technologies by 62.4% during the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock valued at $17,721,000 after buying an additional 295,755 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of NAPCO Security Technologies by 75.8% during the first quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after buying an additional 254,007 shares during the period. Jane Street Group LLC lifted its holdings in shares of NAPCO Security Technologies by 351.7% in the first quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock worth $2,261,000 after buying an additional 76,478 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of NAPCO Security Technologies in the first quarter worth about $91,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

NAPCO Security Technologies Stock Up 3.7%

Shares of NSSC stock opened at $44.15 on Friday. The business has a 50-day moving average price of $41.36 and a two-hundred day moving average price of $40.08. NAPCO Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $48.12. The firm has a market cap of $1.57 billion, a P/E ratio of 33.20 and a beta of 1.51.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The company had revenue of $48.17 million for the quarter, compared to analysts’ expectations of $47.82 million. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.NAPCO Security Technologies’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. As a group, research analysts expect that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 12th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, March 12th. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.14. NAPCO Security Technologies’s dividend payout ratio (DPR) is presently 42.11%.

Insider Buying and Selling

In other news, SVP Stephen M. Spinelli sold 19,000 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $40.25, for a total value of $764,750.00. Following the completion of the sale, the senior vice president owned 928 shares of the company’s stock, valued at approximately $37,352. This represents a 95.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Soloway sold 150,000 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $42.74, for a total transaction of $6,411,000.00. Following the transaction, the chief executive officer directly owned 1,256,010 shares in the company, valued at approximately $53,681,867.40. This represents a 10.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 5.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on NSSC. Needham & Company LLC reaffirmed a “buy” rating and set a $49.00 price objective (up previously from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Zacks Research downgraded shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. TD Cowen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Wednesday, January 28th. Finally, DA Davidson reissued a “buy” rating and set a $50.00 price objective on shares of NAPCO Security Technologies in a research note on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NAPCO Security Technologies presently has an average rating of “Moderate Buy” and an average price target of $47.83.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.