Annex Advisory Services LLC Purchases 34,802 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Annex Advisory Services LLC raised its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 12.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,805 shares of the industrial products company’s stock after buying an additional 34,802 shares during the quarter. Annex Advisory Services LLC owned about 0.82% of Napco Security Technologies worth $12,292,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NSSC. Cim LLC bought a new stake in Napco Security Technologies in the 4th quarter valued at about $535,000. Wellington Management Group LLP increased its stake in shares of Napco Security Technologies by 168.9% in the fourth quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock worth $23,672,000 after purchasing an additional 434,164 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of Napco Security Technologies by 31.0% in the first quarter. Los Angeles Capital Management LLC now owns 32,244 shares of the industrial products company’s stock valued at $1,295,000 after purchasing an additional 7,638 shares during the period. Laurus Investment Counsel Inc. purchased a new stake in shares of Napco Security Technologies during the 1st quarter valued at approximately $1,786,000. Finally, Counterpoint Mutual Funds LLC bought a new position in Napco Security Technologies in the 1st quarter worth approximately $270,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the sale, the director now directly owns 2,681 shares of the company’s stock, valued at $99,518.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 11.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NSSC shares. DA Davidson increased their target price on Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Needham & Company LLC increased their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $60.00 target price on shares of Napco Security Technologies in a report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.29.

Napco Security Technologies Stock Up 1.3 %

Napco Security Technologies stock opened at $39.40 on Friday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 31.27 and a beta of 1.64. The business has a 50-day simple moving average of $44.53 and a 200 day simple moving average of $46.81. Napco Security Technologies, Inc. has a 52 week low of $17.76 and a 52 week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results 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 business had revenue of $50.33 million for the quarter, compared to the consensus estimate of $50.18 million. During the same period last year, the firm posted $0.28 earnings per share. On average, research analysts anticipate 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 was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, September 12th. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.27%. Napco Security Technologies’s dividend payout ratio is 39.68%.

Napco Security Technologies 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.