Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Purchased by Choreo LLC

Choreo LLC grew its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 9.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,100 shares of the industrial products company’s stock after acquiring an additional 1,100 shares during the quarter. Choreo LLC’s holdings in Napco Security Technologies were worth $687,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NSSC. Emerald Advisers LLC increased its holdings in Napco Security Technologies by 118.3% in the 2nd quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company’s stock worth $25,382,000 after buying an additional 264,789 shares during the period. Emerald Mutual Fund Advisers Trust increased its holdings in Napco Security Technologies by 170.8% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 399,936 shares of the industrial products company’s stock worth $20,777,000 after buying an additional 252,252 shares during the period. Los Angeles Capital Management LLC increased its holdings in Napco Security Technologies by 21.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 39,294 shares of the industrial products company’s stock worth $2,041,000 after buying an additional 7,050 shares during the period. Arizona State Retirement System increased its holdings in Napco Security Technologies by 13.2% in the 2nd quarter. Arizona State Retirement System now owns 10,297 shares of the industrial products company’s stock worth $535,000 after buying an additional 1,202 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Napco Security Technologies by 15.8% in the 2nd quarter. Victory Capital Management Inc. now owns 71,587 shares of the industrial products company’s stock worth $3,719,000 after buying an additional 9,747 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Napco Security Technologies Stock Performance

NASDAQ NSSC opened at $38.43 on Friday. Napco Security Technologies, Inc. has a one year low of $17.76 and a one year high of $58.09. The company has a market cap of $1.42 billion, a P/E ratio of 30.50 and a beta of 1.64. The business has a fifty day moving average price of $50.44 and a 200 day moving average price of $46.95.

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

Napco Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be paid a $0.125 dividend. The ex-dividend date is Thursday, September 12th. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.30%. Napco Security Technologies’s dividend payout ratio (DPR) is 31.75%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NSSC. DA Davidson increased their price target on shares of Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. TD Cowen started coverage on Napco Security Technologies in a research report on Tuesday, May 28th. They issued a “buy” rating and a $60.00 price objective on the stock. Needham & Company LLC upped their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Craig Hallum restated a “buy” rating and issued a $65.00 price objective (up previously from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Finally, Lake Street Capital upped their price objective on Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.29.

Insiders Place Their Bets

In other Napco Security Technologies news, SVP Stephen M. Spinelli sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.13, for a total value of $156,390.00. Following the completion of the sale, the senior vice president now directly owns 24,928 shares of the company’s stock, valued at approximately $1,299,496.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.54% of the company’s stock.

Napco Security Technologies 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.