Crawford Investment Counsel Inc. Invests $4.46 Million in NAPCO Security Technologies, Inc. $NSSC

Crawford Investment Counsel Inc. bought a new stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 103,750 shares of the industrial products company’s stock, valued at approximately $4,456,000. Crawford Investment Counsel Inc. owned about 0.29% of NAPCO Security Technologies at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new position in NAPCO Security Technologies during the third quarter worth about $25,000. Exchange Traded Concepts LLC purchased a new stake in NAPCO Security Technologies in the 3rd quarter valued at about $26,000. State of Wyoming purchased a new stake in NAPCO Security Technologies in the 3rd quarter valued at about $41,000. State of Alaska Department of Revenue bought a new position in shares of NAPCO Security Technologies during the 3rd quarter worth approximately $67,000. Finally, Acadian Asset Management LLC bought a new position in shares of NAPCO Security Technologies during the 1st quarter worth approximately $91,000. 85.07% of the stock is owned by institutional investors.

NAPCO Security Technologies Stock Up 1.0%

NSSC opened at $42.57 on Monday. NAPCO Security Technologies, Inc. has a twelve month low of $19.00 and a twelve month high of $48.12. The company’s 50-day moving average price is $42.15 and its two-hundred day moving average price is $41.94. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 32.01 and a beta of 1.44.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, February 2nd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. The company had revenue of $48.17 million during the quarter, compared to analyst estimates of $47.82 million. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. NAPCO Security Technologies’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. As a group, sell-side analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.4%. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, March 12th. NAPCO Security Technologies’s dividend payout ratio is currently 45.11%.

Analysts Set New Price Targets

NSSC has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 target price (up from $47.00) on shares of NAPCO Security Technologies in a report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a report on Wednesday, January 28th. Finally, DA Davidson reissued a “buy” rating and issued a $50.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $47.83.

Insider Transactions at NAPCO Security Technologies

In other NAPCO Security Technologies news, CEO Richard Soloway sold 129,682 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $44.99, for a total value of $5,834,393.18. Following the sale, the chief executive officer directly owned 1,152,276 shares in the company, valued at $51,840,897.24. The trade was a 10.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.65% of the stock is owned by corporate insiders.

NAPCO Security Technologies 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.