Canada Pension Plan Investment Board Acquires Shares of 71,300 NAPCO Security Technologies, Inc. $NSSC

Canada Pension Plan Investment Board acquired a new stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 71,300 shares of the industrial products company's stock, valued at approximately $2,708,000. Canada Pension Plan Investment Board owned approximately 0.20% of NAPCO Security Technologies as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP raised its holdings in NAPCO Security Technologies by 510.3% during the fourth quarter. GSA Capital Partners LLP now owns 33,768 shares of the industrial products company's stock worth $1,408,000 after buying an additional 28,235 shares during the last quarter. Deutsche Bank AG bought a new position in shares of NAPCO Security Technologies in the second quarter valued at $1,414,000. Seizert Capital Partners LLC acquired a new position in shares of NAPCO Security Technologies during the fourth quarter valued at about $1,857,000. Principal Financial Group Inc. grew its holdings in shares of NAPCO Security Technologies by 239.7% during the first quarter. Principal Financial Group Inc. now owns 225,314 shares of the industrial products company's stock valued at $8,875,000 after buying an additional 158,984 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its position in shares of NAPCO Security Technologies by 113.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 59,331 shares of the industrial products company's stock worth $2,337,000 after acquiring an additional 31,516 shares in the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NSSC has been the topic of a number of analyst reports. DA Davidson set a $52.00 target price on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. Benchmark reiterated a "buy" rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. Wall Street Zen lowered NAPCO Security Technologies from a "buy" rating to a "hold" rating in a report on Saturday, July 4th. Needham & Company LLC reissued a "buy" rating and issued a $49.00 price objective on shares of NAPCO Security Technologies in a research note on Friday, August 21st. Finally, TD Cowen restated a "buy" rating and issued a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $50.40.

NAPCO Security Technologies News Summary

Here are the key news stories impacting NAPCO Security Technologies this week:

• Negative Sentiment: Chairman Richard Soloway sold a combined 475,000 shares on August 26 and 27 for approximately $16.5 million. The transactions reduced his direct ownership by roughly 46%, leaving him with 621,958 shares. The size of the sales may concern investors because they came from a senior executive, although the filings do not state the reason for the transactions. SEC filing for Richard Soloway stock sales
• Negative Sentiment: Director Donna Anne Soloway sold 48,962 shares across the same two sessions for approximately $1.7 million, cutting her holdings to 20,962 shares. The combined insider sales totaled 523,962 shares and more than $18.2 million in proceeds. SEC filing for Donna Anne Soloway stock sales
• Negative Sentiment: NSSC shares hit a new 52-week low, reinforcing concerns about momentum. The stock is trading below both its 50-day and 200-day moving averages, indicating continued technical weakness. NAPCO Security Technologies hits new 52-week low

NAPCO Security Technologies Price Performance

NASDAQ NSSC opened at $35.35 on Monday. The company has a fifty day moving average price of $37.44 and a 200-day moving average price of $39.79. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 29.21 and a beta of 1.45. NAPCO Security Technologies, Inc. has a 1 year low of $33.91 and a 1 year high of $51.77.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $55.81 million for the quarter, compared to analyst estimates of $52.51 million. During the same period last year, the firm earned $0.33 earnings per share. The firm's revenue was up 10.1% on a year-over-year basis. On average, research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.9%. This is an increase from NAPCO Security Technologies's previous quarterly dividend of $0.15. NAPCO Security Technologies's payout ratio is 49.59%.

Insider Activity at NAPCO Security Technologies

In related news, Director Donna Anne Soloway sold 28,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $35.98, for a total transaction 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 trade represents a 57.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Richard Soloway sold 379,529 shares of the business's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total value of $13,093,750.50. Following the completion of the transaction, the chairman directly owned 621,958 shares in the company, valued at approximately $21,457,551. This represents a 37.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 523,962 shares of company stock worth $18,257,168. Insiders own 5.65% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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