4,625 Shares in Napco Security Technologies, Inc. (NASDAQ:NSSC) Acquired by Legato Capital Management LLC

Legato Capital Management LLC acquired a new position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,625 shares of the industrial products company’s stock, valued at approximately $240,000.

Other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in shares of Napco Security Technologies by 332.9% during the 4th quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock worth $25,000 after buying an additional 566 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of Napco Security Technologies in the first quarter valued at approximately $27,000. First Horizon Advisors Inc. increased its stake in shares of Napco Security Technologies by 810.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 470 shares in the last quarter. Whittier Trust Co. acquired a new position in shares of Napco Security Technologies during the 1st quarter worth approximately $28,000. Finally, EntryPoint Capital LLC purchased a new stake in Napco Security Technologies in the 1st quarter valued at approximately $46,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Napco Security Technologies

In other news, SVP Stephen M. Spinelli sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.13, for a total value of $156,390.00. Following the completion of the sale, the senior vice president now owns 24,928 shares of the company’s stock, valued at $1,299,496.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NSSC. TD Cowen began coverage on Napco Security Technologies in a research note on Tuesday, May 28th. They set a “buy” rating and a $60.00 price objective on the stock. DA Davidson raised their price target on shares of Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday. Needham & Company LLC boosted their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday. B. Riley raised their target price on shares of Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Finally, Lake Street Capital boosted their price target on Napco Security Technologies from $54.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Napco Security Technologies has an average rating of “Moderate Buy” and an average target price of $55.29.

Napco Security Technologies Stock Performance

Shares of NSSC traded down $1.00 during trading hours on Tuesday, hitting $46.38. The stock had a trading volume of 798,718 shares, compared to its average volume of 377,349. Napco Security Technologies, Inc. has a 12-month low of $17.76 and a 12-month high of $58.09. The firm has a market cap of $1.71 billion, a P/E ratio of 36.57 and a beta of 1.62. The company’s fifty day simple moving average is $53.60 and its 200 day simple moving average is $47.36.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $50.33 million for the quarter, compared to analyst estimates of $50.18 million. Napco Security Technologies had a return on equity of 30.50% and a net margin of 25.58%. During the same period in the previous year, the company posted $0.28 EPS. As a group, sell-side analysts predict that Napco Security Technologies, Inc. will post 1.35 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be issued a dividend of $0.125 per share. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.08%. Napco Security Technologies’s payout ratio is presently 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.