Allspring Global Investments Holdings LLC Purchases 96,205 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Allspring Global Investments Holdings LLC increased its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 159.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,584 shares of the industrial products company's stock after buying an additional 96,205 shares during the period. Allspring Global Investments Holdings LLC owned 0.43% of Napco Security Technologies worth $5,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Advisor Group Holdings Inc. raised its position in shares of Napco Security Technologies by 190.5% in the first quarter. Advisor Group Holdings Inc. now owns 13,579 shares of the industrial products company's stock valued at $279,000 after purchasing an additional 8,905 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Napco Security Technologies by 69.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,500 shares of the industrial products company's stock valued at $298,000 after acquiring an additional 5,920 shares during the period. Bank of New York Mellon Corp lifted its position in Napco Security Technologies by 104.2% during the first quarter. Bank of New York Mellon Corp now owns 110,014 shares of the industrial products company's stock worth $2,258,000 after acquiring an additional 56,142 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Napco Security Technologies by 95.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,628 shares of the industrial products company's stock worth $505,000 after purchasing an additional 12,014 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in Napco Security Technologies by 2.9% during the 1st quarter. HighTower Advisors LLC now owns 66,210 shares of the industrial products company's stock worth $1,360,000 after purchasing an additional 1,884 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Napco Security Technologies

In related news, SVP Michael Carrieri sold 5,200 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $45.92, for a total value of $238,784.00. Following the sale, the senior vice president now directly owns 14,232 shares in the company, valued at $653,533.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Richard Soloway sold 50,000 shares of the business's stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $40.75, for a total value of $2,037,500.00. Following the transaction, the chief executive officer now directly owns 1,656,010 shares of the company's stock, valued at approximately $67,482,407.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael Carrieri sold 5,200 shares of the company's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $45.92, for a total value of $238,784.00. Following the sale, the senior vice president now owns 14,232 shares in the company, valued at approximately $653,533.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,200 shares of company stock worth $3,987,644. Company insiders own 11.54% of the company's stock.

Napco Security Technologies Stock Performance

Shares of NSSC traded up $0.29 during mid-day trading on Friday, reaching $40.02. The company had a trading volume of 708,199 shares, compared to its average volume of 339,375. The company's 50 day simple moving average is $41.41 and its 200 day simple moving average is $33.70. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 33.63 and a beta of 1.55. Napco Security Technologies, Inc. has a 1-year low of $17.76 and a 1-year high of $46.26.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its earnings results on Monday, February 5th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.08. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The firm had revenue of $47.50 million for the quarter, compared to analyst estimates of $43.92 million. During the same quarter last year, the business posted $0.23 earnings per share. The company's quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities analysts forecast that Napco Security Technologies, Inc. will post 1.3 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.00%. This is an increase from Napco Security Technologies's previous quarterly dividend of $0.08. Napco Security Technologies's dividend payout ratio (DPR) is presently 33.61%.

Analyst Ratings Changes

Several research analysts have weighed in on NSSC shares. StockNews.com cut Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 13th. Imperial Capital cut shares of Napco Security Technologies from an "outperform" rating to an "in-line" rating and set a $45.00 price objective for the company. in a research note on Tuesday, February 6th. Finally, Needham & Company LLC restated a "buy" rating and set a $46.00 target price on shares of Napco Security Technologies in a research report on Friday, April 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $33.60.

Napco Security Technologies Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.