Los Angeles Capital Management LLC Invests $843,000 in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Los Angeles Capital Management LLC purchased a new position in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 24,606 shares of the industrial products company's stock, valued at approximately $843,000. Los Angeles Capital Management LLC owned 0.07% of Napco Security Technologies at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of Napco Security Technologies by 159.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 156,584 shares of the industrial products company's stock valued at $5,363,000 after purchasing an additional 96,205 shares in the last quarter. Cumberland Partners Ltd purchased a new position in Napco Security Technologies in the fourth quarter worth $1,028,000. Ziegler Capital Management LLC acquired a new stake in Napco Security Technologies in the fourth quarter worth about $3,143,000. First National Advisers LLC acquired a new stake in Napco Security Technologies in the 3rd quarter worth approximately $259,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Napco Security Technologies during the fourth quarter valued at $356,000. Hedge funds and other institutional investors own 85.07% of the company's stock.

Insider Buying and Selling

In other Napco Security Technologies news, CFO Kevin S. Buchel sold 10,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $44.80, for a total value of $448,000.00. Following the sale, the chief financial officer now owns 112,739 shares of the company's stock, valued at approximately $5,050,707.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Richard Soloway sold 250,000 shares of the firm's stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $44.20, for a total value of $11,050,000.00. Following the completion of the sale, the chief executive officer now owns 1,406,010 shares in the company, valued at $62,145,642. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Kevin S. Buchel sold 10,000 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $44.80, for a total value of $448,000.00. Following the sale, the chief financial officer now directly owns 112,739 shares in the company, valued at approximately $5,050,707.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 338,000 shares of company stock valued at $14,798,860. Company insiders own 11.54% of the company's stock.

Analyst Ratings Changes

NSSC has been the subject of a number of research reports. StockNews.com downgraded Napco Security Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 13th. Needham & Company LLC upped their price objective on shares of Napco Security Technologies from $46.00 to $52.00 and gave the company a "buy" rating in a report on Tuesday. Imperial Capital lowered shares of Napco Security Technologies from an "outperform" rating to an "in-line" rating and set a $45.00 price objective on the stock. in a research note on Tuesday, February 6th. DA Davidson began coverage on shares of Napco Security Technologies in a report on Friday, April 26th. They issued a "buy" rating and a $52.00 price target on the stock. Finally, B. Riley lifted their price objective on Napco Security Technologies from $36.00 to $45.00 and gave the company a "neutral" rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Napco Security Technologies currently has an average rating of "Hold" and a consensus target price of $41.83.

Napco Security Technologies Stock Down 0.5 %

Shares of NSSC stock traded down $0.23 during trading hours on Friday, hitting $44.40. 346,579 shares of the company's stock were exchanged, compared to its average volume of 362,143. The firm has a 50 day moving average of $41.01 and a two-hundred day moving average of $35.85. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $46.41. The firm has a market cap of $1.63 billion, a P/E ratio of 37.50 and a beta of 1.51.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The business had revenue of $49.30 million for the quarter, compared to the consensus estimate of $48.16 million. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The company's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. On average, equities analysts forecast that Napco Security Technologies, Inc. will post 1.31 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.90%. Napco Security Technologies's dividend payout ratio is currently 33.61%.

Napco Security Technologies Company 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.