Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSCFree Report) by 32.5% during the third quarter, HoldingsChannel reports. The fund owned 14,449 shares of the industrial products company’s stock after buying an additional 3,548 shares during the period. Principal Financial Group Inc.’s holdings in Napco Security Technologies were worth $321,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NSSC. Advisor Group Holdings Inc. increased its holdings in shares of Napco Security Technologies by 190.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 13,579 shares of the industrial products company’s stock valued at $279,000 after purchasing an additional 8,905 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Napco Security Technologies by 69.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,500 shares of the industrial products company’s stock valued at $298,000 after acquiring an additional 5,920 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Napco Security Technologies by 104.2% in the 1st quarter. Bank of New York Mellon Corp now owns 110,014 shares of the industrial products company’s stock worth $2,258,000 after acquiring an additional 56,142 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Napco Security Technologies by 95.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 24,628 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 12,014 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in Napco Security Technologies by 2.9% during the first quarter. HighTower Advisors LLC now owns 66,210 shares of the industrial products company’s stock worth $1,360,000 after purchasing an additional 1,884 shares during the last quarter. Hedge funds and other institutional investors own 87.65% of the company’s stock.

Insider Buying and Selling

In other news, SVP Michael Carrieri sold 5,200 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $45.92, for a total transaction of $238,784.00. Following the sale, the senior vice president now directly owns 14,232 shares in the company, valued at approximately $653,533.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.54% of the stock is owned by company insiders.

Napco Security Technologies Stock Up 2.5 %

NSSC opened at $46.11 on Tuesday. The firm has a market capitalization of $1.70 billion, a P/E ratio of 38.75 and a beta of 1.55. The firm’s 50 day moving average is $35.08 and its 200-day moving average is $29.20. Napco Security Technologies, Inc. has a 52-week low of $17.76 and a 52-week high of $46.26.

Napco Security Technologies (NASDAQ:NSSCGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The firm had revenue of $47.50 million during the quarter, compared to analyst estimates of $43.92 million. During the same quarter last year, the firm earned $0.23 EPS. Napco Security Technologies’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts expect that Napco Security Technologies, Inc. will post 1.3 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, February 29th. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.08. Napco Security Technologies’s dividend payout ratio is currently 26.89%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. B. Riley cut their target price on shares of Napco Security Technologies from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. StockNews.com cut Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Needham & Company LLC boosted their price target on Napco Security Technologies from $36.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, Imperial Capital cut Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price objective for the company. in a research report on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $33.60.

Read Our Latest Stock Analysis on NSSC

About Napco Security Technologies

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding NSSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Napco Security Technologies, Inc. (NASDAQ:NSSCFree Report).

Institutional Ownership by Quarter for Napco Security Technologies (NASDAQ:NSSC)

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