Janus Henderson Group PLC Acquires 1,860 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Janus Henderson Group PLC boosted its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 0.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 933,537 shares of the industrial products company’s stock after purchasing an additional 1,860 shares during the period. Janus Henderson Group PLC owned about 2.53% of Napco Security Technologies worth $37,489,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NSSC. Quadrant Capital Group LLC increased its position in shares of Napco Security Technologies by 332.9% in the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 566 shares during the period. Hollencrest Capital Management bought a new stake in Napco Security Technologies during the first quarter valued at approximately $27,000. Whittier Trust Co. bought a new stake in shares of Napco Security Technologies during the 1st quarter valued at $28,000. EntryPoint Capital LLC bought a new position in shares of Napco Security Technologies in the first quarter worth about $46,000. Finally, Arcadia Investment Management Corp MI grew its stake in shares of Napco Security Technologies by 48.6% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock worth $48,000 after buying an additional 459 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

Insider Transactions at Napco Security Technologies

In other 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 value of $11,050,000.00. Following the completion of the sale, the chief executive officer now owns 1,406,010 shares in the company, valued at $62,145,642. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Stephen M. Spinelli sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.13, for a total transaction of $156,390.00. Following the completion of the sale, the senior vice president now directly owns 24,928 shares in the company, valued at $1,299,496.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Soloway sold 250,000 shares of Napco Security Technologies stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total value of $11,050,000.00. Following the completion of the transaction, the chief executive officer now owns 1,406,010 shares in the company, valued at $62,145,642. The disclosure for this sale can be found here. Insiders own 11.54% of the company’s stock.

Napco Security Technologies Trading Up 1.5 %

NASDAQ:NSSC traded up $0.80 during midday trading on Wednesday, hitting $55.26. 48,070 shares of the company were exchanged, compared to its average volume of 374,626. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $57.37. The company has a market capitalization of $2.04 billion, a PE ratio of 43.22 and a beta of 1.62. The company has a fifty day simple moving average of $52.43 and a 200 day simple moving average of $45.05.

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

Napco Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 3rd were given a dividend of $0.10 per share. The ex-dividend date was Monday, June 3rd. This represents a $0.40 annualized dividend and a yield of 0.72%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 31.75%.

Wall Street Analyst Weigh In

NSSC has been the subject of a number of research analyst reports. Lake Street Capital lifted their price objective on shares of Napco Security Technologies from $54.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Needham & Company LLC lifted their price objective on shares of Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. B. Riley boosted their price target on Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Craig Hallum reiterated a “buy” rating and set a $65.00 price target (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 Napco Security Technologies in a research note on Friday, April 26th. They issued a “buy” rating and a $52.00 price objective for the company. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.14.

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.