Congress Asset Management Co. MA Reduces Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Congress Asset Management Co. MA lessened its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,951 shares of the industrial products company’s stock after selling 4,717 shares during the period. Congress Asset Management Co. MA’s holdings in Napco Security Technologies were worth $5,902,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Barclays PLC boosted its holdings in Napco Security Technologies by 15.2% in the 3rd quarter. Barclays PLC now owns 15,107 shares of the industrial products company’s stock valued at $335,000 after purchasing an additional 1,996 shares during the last quarter. Swiss National Bank increased its position in shares of Napco Security Technologies by 1.1% in the 3rd quarter. Swiss National Bank now owns 72,800 shares of the industrial products company’s stock valued at $1,620,000 after purchasing an additional 800 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Napco Security Technologies by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 230,177 shares of the industrial products company’s stock valued at $5,121,000 after buying an additional 7,399 shares during the last quarter. UBS Group AG grew its position in shares of Napco Security Technologies by 380.7% in the 3rd quarter. UBS Group AG now owns 156,276 shares of the industrial products company’s stock valued at $3,477,000 after buying an additional 123,765 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in Napco Security Technologies during the 3rd quarter worth $101,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. TD Cowen assumed coverage on shares of Napco Security Technologies in a research report on Tuesday, May 28th. They set a “buy” rating and a $60.00 price objective on the stock. Lake Street Capital raised their target price on shares of Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Needham & Company LLC raised their target price on shares of Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Craig Hallum restated a “buy” rating and issued a $65.00 target price (up previously from $50.00) on shares of Napco Security Technologies in a research note on Friday, May 24th. Finally, DA Davidson began coverage on shares of Napco Security Technologies in a research note on Friday, April 26th. They issued a “buy” rating and a $52.00 target price for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.14.

Insider Transactions at Napco Security Technologies

In related news, CEO Richard Soloway sold 250,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total transaction of $11,050,000.00. Following the transaction, the chief executive officer now directly owns 1,406,010 shares in the company, valued at $62,145,642. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.54% of the company’s stock.

Napco Security Technologies Stock Up 0.8 %

Shares of NASDAQ NSSC traded up $0.41 during midday trading on Friday, hitting $50.45. The company had a trading volume of 629,074 shares, compared to its average volume of 356,356. Napco Security Technologies, Inc. has a twelve month low of $17.76 and a twelve month high of $53.59. The business has a 50-day simple moving average of $46.62 and a two-hundred day simple moving average of $41.13. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 40.04 and a beta of 1.61.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, May 6th. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. Napco Security Technologies had a net margin of 25.58% and a return on equity of 30.50%. The firm had revenue of $49.30 million during the quarter, compared to the consensus estimate of $48.16 million. During the same period last year, the firm posted $0.29 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts forecast that Napco Security Technologies, Inc. will post 1.35 EPS for the current year.

Napco Security Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.40 annualized dividend and a yield of 0.79%. Napco Security Technologies’s dividend payout ratio (DPR) is currently 31.75%.

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.