Wellington Management Group LLP Makes New $10.43 Million Investment in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Wellington Management Group LLP bought a new stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 293,224 shares of the industrial products company's stock, valued at approximately $10,427,000. Wellington Management Group LLP owned about 0.81% of Napco Security Technologies at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NSSC. New Age Alpha Advisors LLC bought a new position in shares of Napco Security Technologies during the fourth quarter valued at $32,000. Caption Management LLC purchased a new stake in shares of Napco Security Technologies during the 4th quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Napco Security Technologies during the 4th quarter valued at about $53,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Napco Security Technologies in the fourth quarter worth approximately $54,000. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Napco Security Technologies during the fourth quarter valued at approximately $63,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Needham & Company LLC decreased their target price on shares of Napco Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Lake Street Capital set a $26.00 price objective on Napco Security Technologies in a research report on Monday, May 5th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $32.20.

Napco Security Technologies Stock Up 0.4%

NSSC traded up $0.12 during trading on Thursday, hitting $28.70. The company's stock had a trading volume of 166,266 shares, compared to its average volume of 500,777. The business's 50 day simple moving average is $24.46 and its 200-day simple moving average is $29.25. The firm has a market cap of $1.02 billion, a PE ratio of 22.08 and a beta of 1.41. Napco Security Technologies, Inc. has a one year low of $19.00 and a one year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its earnings results on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company had revenue of $43.96 million for the quarter, compared to analysts' expectations of $45.11 million. During the same period last year, the firm earned $0.37 EPS. Napco Security Technologies's revenue for the quarter was down 10.8% compared to the same quarter last year. Equities research analysts expect that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th will be given a dividend of $0.14 per share. This is a boost from Napco Security Technologies's previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, June 12th. Napco Security Technologies's payout ratio is presently 45.90%.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.