Healthcare of Ontario Pension Plan Trust Fund Invests $2.61 Million in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 65,000 shares of the industrial products company’s stock, valued at approximately $2,610,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NSSC. Wellington Management Group LLP increased its holdings in Napco Security Technologies by 131.6% in the third quarter. Wellington Management Group LLP now owns 256,984 shares of the industrial products company’s stock valued at $5,718,000 after buying an additional 146,027 shares in the last quarter. Vanguard Group Inc. raised its holdings in Napco Security Technologies by 5.3% during the third quarter. Vanguard Group Inc. now owns 2,399,096 shares of the industrial products company’s stock worth $53,380,000 after purchasing an additional 120,842 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Napco Security Technologies during the fourth quarter worth $267,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Napco Security Technologies in the fourth quarter valued at $356,000. Finally, Allworth Financial LP increased its position in shares of Napco Security Technologies by 19.9% in the fourth quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company’s stock valued at $114,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Napco Security Technologies Price Performance

NASDAQ:NSSC opened at $53.51 on Friday. Napco Security Technologies, Inc. has a 1-year low of $17.76 and a 1-year high of $57.37. The firm has a 50 day simple moving average of $51.77 and a 200-day simple moving average of $44.37. The firm has a market cap of $1.97 billion, a PE ratio of 42.47 and a beta of 1.62.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $49.30 million during the quarter, compared to the consensus estimate of $48.16 million. Napco Security Technologies had a net margin of 25.58% and a return on equity of 30.50%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 EPS. As a group, sell-side analysts expect that Napco Security Technologies, Inc. will post 1.35 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 3rd were issued a $0.10 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. Napco Security Technologies’s dividend payout ratio (DPR) is 31.75%.

Wall Street Analyst Weigh In

Several research firms recently commented on NSSC. Lake Street Capital boosted their price objective on shares of Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Craig Hallum reaffirmed a “buy” rating and issued a $65.00 price target (up previously from $50.00) on shares of Napco Security Technologies in a report on Friday, May 24th. B. Riley increased their price target on shares of Napco Security Technologies from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. TD Cowen began coverage on Napco Security Technologies in a research report on Tuesday, May 28th. They set a “buy” rating and a $60.00 price objective for the company. Finally, Needham & Company LLC increased their target price on Napco Security Technologies from $46.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.14.

Insider Buying and Selling at Napco Security Technologies

In related news, CEO Richard Soloway sold 250,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $44.20, for a total transaction of $11,050,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,406,010 shares of the company’s stock, valued at approximately $62,145,642. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.54% of the stock is currently owned by corporate insiders.

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.