Envestnet Asset Management Inc. Boosts Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Envestnet Asset Management Inc. increased its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 35.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 385,354 shares of the industrial products company’s stock after purchasing an additional 101,182 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.05% of Napco Security Technologies worth $20,019,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its position in Napco Security Technologies by 332.9% during the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock valued at $25,000 after buying an additional 566 shares during the period. Hollencrest Capital Management purchased a new position in Napco Security Technologies during the 1st quarter valued at about $27,000. First Horizon Advisors Inc. boosted its stake in Napco Security Technologies by 810.3% during the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 470 shares in the last quarter. Whittier Trust Co. purchased a new stake in Napco Security Technologies in the first quarter worth about $28,000. Finally, EntryPoint Capital LLC bought a new position in shares of Napco Security Technologies during the first quarter valued at approximately $46,000. 85.07% of the stock is currently owned by institutional investors.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the firm’s 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 directly owns 2,681 shares of the company’s stock, valued at $99,518.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.54% of the stock is owned by company insiders.

Napco Security Technologies Stock Performance

Shares of NASDAQ:NSSC opened at $41.19 on Tuesday. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 32.69 and a beta of 1.64. The business has a 50-day simple moving average of $48.72 and a two-hundred day simple moving average of $46.85. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. The company had revenue of $50.33 million for the quarter, compared to the consensus estimate of $50.18 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. As a group, research analysts predict that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current year.

Napco Security Technologies Increases Dividend

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

Wall Street Analysts Forecast Growth

NSSC has been the topic of several recent research reports. Lake Street Capital restated a “buy” rating and issued a $60.00 price target on shares of Napco Security Technologies in a research note on Tuesday, September 17th. Needham & Company LLC raised their price target on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. TD Cowen started coverage on shares of Napco Security Technologies in a research note on Tuesday, May 28th. They issued a “buy” rating and a $60.00 price target on the stock. Finally, DA Davidson raised their price objective on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.29.

Napco Security Technologies Company 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.