Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 10.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,482 shares of the industrial products company’s stock after acquiring an additional 5,127 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Napco Security Technologies were worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in shares of Napco Security Technologies by 0.7% in the fourth quarter. Wells Fargo & Company MN now owns 62,007 shares of the industrial products company’s stock worth $2,205,000 after acquiring an additional 437 shares during the last quarter. Truvestments Capital LLC boosted its stake in Napco Security Technologies by 6.7% during the fourth quarter. Truvestments Capital LLC now owns 7,009 shares of the industrial products company’s stock worth $249,000 after buying an additional 443 shares during the last quarter. Invesco Ltd. boosted its stake in Napco Security Technologies by 1.4% during the fourth quarter. Invesco Ltd. now owns 35,737 shares of the industrial products company’s stock worth $1,271,000 after buying an additional 477 shares during the last quarter. Huntington National Bank boosted its stake in Napco Security Technologies by 31.4% during the fourth quarter. Huntington National Bank now owns 2,335 shares of the industrial products company’s stock worth $83,000 after buying an additional 558 shares during the last quarter. Finally, Man Group plc boosted its stake in Napco Security Technologies by 0.7% during the fourth quarter. Man Group plc now owns 78,743 shares of the industrial products company’s stock worth $2,800,000 after buying an additional 571 shares during the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Napco Security Technologies Trading Up 0.6%

NSSC stock opened at $28.84 on Friday. The company has a market capitalization of $1.03 billion, a PE ratio of 22.18 and a beta of 1.44. Napco Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $58.09. The business’s fifty day moving average price is $24.69 and its 200 day moving average price is $29.15.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $43.96 million for the quarter, compared to the consensus estimate of $45.11 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 EPS. Research analysts predict that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.14 per share. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.56 annualized dividend and a yield of 1.94%. Napco Security Technologies’s dividend payout ratio is 45.90%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NSSC. Lake Street Capital set a $26.00 price target on Napco Security Technologies in a research note on Monday, May 5th. Needham & Company LLC decreased their price target on Napco Security Technologies from $37.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $32.20.

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.