First National Bank of Omaha Takes $1.55 Million Position in NAPCO Security Technologies, Inc. $NSSC

Key Points

• First National Bank of Omaha purchased 40,823 shares of NAPCO Security Technologies worth approximately $1.55 million, representing about 0.11% of the company; institutional investors collectively own 85.07% of NSSC.
• NAPCO shares opened at $37.80, with a market capitalization of $1.35 billion, a P/E ratio of 36.35, and a 52-week range of $29.88 to $48.12.
• Analyst sentiment remains favorable, with six Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $48.67, despite one recent downgrade to Hold.

First National Bank of Omaha bought a new position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 40,823 shares of the industrial products company's stock, valued at approximately $1,550,000. First National Bank of Omaha owned about 0.11% of NAPCO Security Technologies at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in NAPCO Security Technologies by 193.3% in the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company's stock worth $25,000 after purchasing an additional 377 shares during the period. KBC Group NV purchased a new position in shares of NAPCO Security Technologies during the first quarter valued at approximately $26,000. Advisory Services Network LLC bought a new position in shares of NAPCO Security Technologies during the third quarter valued at approximately $41,000. Blue Trust Inc. bought a new position in shares of NAPCO Security Technologies during the first quarter valued at approximately $44,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of NAPCO Security Technologies in the first quarter worth 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 $37.80 on Thursday. The firm has a market cap of $1.35 billion, a PE ratio of 36.35 and a beta of 1.45. The firm's 50 day simple moving average is $37.51 and its 200-day simple moving average is $40.07. NAPCO Security Technologies, Inc. has a one year low of $29.88 and a one year high of $48.12.

Analyst Ratings Changes

NSSC has been the subject of a number of recent analyst reports. Wall Street Zen cut NAPCO Security Technologies from a "buy" rating to a "hold" rating in a report on Saturday, July 4th. TD Cowen reiterated a "buy" rating and issued a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. DA Davidson reiterated a "buy" rating and set a $52.00 target price on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $48.67.

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.

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