NAPCO Security Technologies, Inc. $NSSC Stock Holdings Boosted by Wellington Management Group LLP

Wellington Management Group LLP increased its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 18.6% during the second quarter, Holdings Channel reports. The fund owned 1,102,280 shares of the industrial products company’s stock after purchasing an additional 172,681 shares during the quarter. Wellington Management Group LLP’s holdings in NAPCO Security Technologies were worth $41,865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NAPCO Security Technologies by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock worth $481,000 after purchasing an additional 885 shares during the last quarter. Millennium Management LLC raised its holdings in shares of NAPCO Security Technologies by 62.4% during the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock valued at $17,721,000 after buying an additional 295,755 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of NAPCO Security Technologies by 75.8% during the first quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock worth $13,565,000 after buying an additional 254,007 shares during the period. Jane Street Group LLC grew its holdings in NAPCO Security Technologies by 351.7% in the 1st quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock worth $2,261,000 after buying an additional 76,478 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in NAPCO Security Technologies in the 1st quarter valued at approximately $91,000. 85.07% of the stock is currently owned by institutional investors.

NAPCO Security Technologies Stock Performance

Shares of NASDAQ:NSSC opened at $37.05 on Friday. The firm has a 50 day simple moving average of $37.33 and a 200 day simple moving average of $39.59. NAPCO Security Technologies, Inc. has a 52 week low of $33.91 and a 52 week high of $51.77. The company has a market cap of $1.33 billion, a PE ratio of 30.62 and a beta of 1.43.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, August 24th. The industrial products company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. The firm had revenue of $55.81 million for the quarter, compared to analysts’ expectations of $52.51 million. During the same period in the previous year, the company posted $0.33 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts predict that NAPCO Security Technologies, Inc. will post 1.66 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a dividend of $0.17 per share. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, September 11th. NAPCO Security Technologies’s dividend payout ratio is presently 49.59%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NSSC. Wall Street Zen lowered NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Benchmark restated a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 price objective on shares of NAPCO Security Technologies in a report on Friday, August 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. Finally, DA Davidson set a $52.00 price target on NAPCO Security Technologies in a research report on Tuesday, August 25th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $50.40.

Insiders Place Their Bets

In related news, Chairman Richard Soloway sold 379,529 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the transaction, the chairman directly owned 621,958 shares of the company’s stock, valued at approximately $21,457,551. The trade was a 37.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donna Soloway sold 28,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $35.98, for a total value of $1,007,440.00. Following the completion of the sale, the director directly owned 20,962 shares of the company’s stock, valued at approximately $754,212.76. This represents a 57.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 523,962 shares of company stock worth $18,257,168 in the last quarter. 5.65% of the stock is currently owned by corporate insiders.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.