Deutsche Bank AG Invests $1.41 Million in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Deutsche Bank acquired 37,232 shares of NAPCO Security Technologies valued at approximately $1.41 million, while institutional investors and hedge funds collectively own 85.07% of the company.
• Analysts maintain a generally positive outlook, with six Buy ratings and two Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $50.40.
• NAPCO exceeded quarterly earnings and revenue estimates, with year-over-year revenue growth of 10.1%, and raised its quarterly dividend to $0.17 per share. However, substantial insider selling and the stock’s new 52-week low signal investor concerns about momentum.

Deutsche Bank AG purchased a new stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 37,232 shares of the industrial products company's stock, valued at approximately $1,414,000. Deutsche Bank AG owned about 0.10% of NAPCO Security Technologies at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NSSC. IFP Advisors Inc increased its stake in NAPCO Security Technologies by 193.3% in the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 377 shares in the last quarter. ProShare Advisors LLC boosted its holdings in NAPCO Security Technologies by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 6,313 shares of the industrial products company's stock worth $263,000 after acquiring an additional 407 shares in the last quarter. Legal & General Group Plc grew its stake in NAPCO Security Technologies by 1.0% in the third quarter. Legal & General Group Plc now owns 43,937 shares of the industrial products company's stock valued at $1,887,000 after acquiring an additional 430 shares during the period. Alliancebernstein L.P. grew its stake in NAPCO Security Technologies by 1.3% in the third quarter. Alliancebernstein L.P. now owns 36,826 shares of the industrial products company's stock valued at $1,582,000 after acquiring an additional 474 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in shares of NAPCO Security Technologies by 3.2% during the first quarter. Quantinno Capital Management LP now owns 19,464 shares of the industrial products company's stock valued at $767,000 after acquiring an additional 596 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NSSC shares. TD Cowen restated a "buy" rating and set a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. DA Davidson set a $52.00 price objective on NAPCO Security Technologies in a report on Tuesday. Benchmark reissued a "buy" rating on shares of NAPCO Security Technologies in a research note on Tuesday. Weiss Ratings restated a "hold (c)" rating on shares of NAPCO Security Technologies in a report on Friday, August 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $49.00 target price on shares of NAPCO Security Technologies in a research report on Friday, August 21st. Six investment 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $50.40.

Trending Headlines about NAPCO Security Technologies

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

Insider Transactions at NAPCO Security Technologies

In related news, Director Donna Anne Soloway sold 28,000 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $35.98, for a total value of $1,007,440.00. Following the completion of the transaction, the director directly owned 20,962 shares of the company's stock, valued at $754,212.76. This represents a 57.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard Soloway sold 379,529 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were 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 owned 621,958 shares of the company's stock, valued at approximately $21,457,551. The trade was a 37.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 523,962 shares of company stock worth $18,257,168 in the last 90 days. Corporate insiders own 5.65% of the company's stock.

NAPCO Security Technologies Stock Performance

NAPCO Security Technologies stock opened at $35.35 on Friday. NAPCO Security Technologies, Inc. has a fifty-two week low of $33.91 and a fifty-two week high of $51.77. The stock has a market cap of $1.26 billion, a P/E ratio of 29.21 and a beta of 1.45. The firm's fifty day moving average price is $37.44 and its 200-day moving average price is $39.81.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its 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. The business had revenue of $55.81 million for the quarter, compared to the consensus estimate of $52.51 million. NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. NAPCO Security Technologies's quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $0.33 earnings per share. Sell-side analysts predict that NAPCO Security Technologies, Inc. will post 1.66 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

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

About NAPCO Security Technologies

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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