NAPCO Security Technologies, Inc. $NSSC Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 100.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 66,781 shares of the industrial products company’s stock after purchasing an additional 33,394 shares during the quarter. Principal Financial Group Inc. owned about 0.19% of NAPCO Security Technologies worth $2,868,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC boosted its position in shares of NAPCO Security Technologies by 62.4% during the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after buying an additional 295,755 shares during the period. Goldman Sachs Group Inc. raised its stake in NAPCO Security Technologies by 75.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after acquiring an additional 254,007 shares in the last quarter. Wasatch Advisors LP bought a new stake in NAPCO Security Technologies during the 2nd quarter valued at $6,561,000. Norges Bank acquired a new position in NAPCO Security Technologies during the 2nd quarter worth $5,963,000. Finally, Canada Pension Plan Investment Board grew its stake in shares of NAPCO Security Technologies by 319.0% in the second quarter. Canada Pension Plan Investment Board now owns 246,400 shares of the industrial products company’s stock worth $7,316,000 after purchasing an additional 187,600 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

Insider Activity

In other news, CEO Richard Soloway sold 150,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $42.74, for a total value of $6,411,000.00. Following the completion of the sale, the chief executive officer owned 1,256,010 shares of the company’s stock, valued at $53,681,867.40. This trade represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 5.65% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

NAPCO Security Technologies Stock Performance

Shares of NASDAQ:NSSC opened at $44.15 on Tuesday. The company has a market capitalization of $1.57 billion, a PE ratio of 33.20 and a beta of 1.51. The stock has a fifty day moving average of $41.40 and a 200-day moving average of $40.24. NAPCO Security Technologies, Inc. has a one year low of $19.00 and a one year high of $48.12.

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

NAPCO Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 12th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, March 12th. NAPCO Security Technologies’s payout ratio is 42.11%.

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.