HighTower Advisors LLC Purchases 434 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

HighTower Advisors LLC boosted its position in Napco Security Technologies, Inc. (NASDAQ:NSSC – Get Rating) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 130,187 shares of the industrial products company’s stock after purchasing an additional 434 shares during the period. HighTower Advisors LLC’s holdings in Napco Security Technologies were worth $3,576,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in Napco Security Technologies by 16.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 413,455 shares of the industrial products company’s stock worth $12,021,000 after purchasing an additional 58,027 shares in the last quarter. M&G Investment Management Ltd. bought a new position in shares of Napco Security Technologies during the 4th quarter valued at approximately $2,680,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Napco Security Technologies by 68.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,343 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 1,770 shares during the period. Arizona State Retirement System bought a new position in shares of Napco Security Technologies during the 3rd quarter valued at approximately $247,000. Finally, Redwood Investments LLC bought a new position in shares of Napco Security Technologies during the 4th quarter valued at approximately $9,346,000. 84.49% of the stock is owned by institutional investors.

Napco Security Technologies Price Performance

NASDAQ NSSC opened at $35.38 on Friday. Napco Security Technologies, Inc. has a 1 year low of $16.01 and a 1 year high of $39.22. The stock has a market capitalization of $1.30 billion, a PE ratio of 39.75 and a beta of 1.15. The company’s 50 day simple moving average is $33.81 and its two-hundred day simple moving average is $30.54.

Napco Security Technologies (NASDAQ:NSSC – Get Rating) last posted its earnings results on Monday, May 8th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.10. Napco Security Technologies had a net margin of 19.71% and a return on equity of 26.33%. The business had revenue of $43.53 million for the quarter, compared to analysts’ expectations of $42.16 million. During the same period in the prior year, the company posted $0.08 EPS. On average, research analysts anticipate that Napco Security Technologies, Inc. will post 0.95 EPS for the current year.

Napco Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Monday, May 22nd will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Friday, May 19th.

Analyst Ratings Changes

A number of research firms have recently weighed in on NSSC. StockNews.com began coverage on shares of Napco Security Technologies in a research report on Thursday. They set a “hold” rating for the company. Lake Street Capital upped their price target on shares of Napco Security Technologies from $32.00 to $40.00 in a research note on Tuesday, February 7th. 1-800-FLOWERS.COM restated a “reiterates” rating on shares of Napco Security Technologies in a research note on Tuesday, May 9th. William Blair began coverage on shares of Napco Security Technologies in a research note on Wednesday, March 8th. They set an “outperform” rating on the stock. Finally, B. Riley upped their price target on shares of Napco Security Technologies from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $39.40.

Napco Security Technologies Profile

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Napco Security Technologies, Inc engages in the development, manufacture, and distribution of security products. Its products include access control systems, door security products, intrusion and fire alarm systems, video surveillance products, and cellular communications services. The company was founded in 1969 and is headquartered in Amityville, NY.