Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,412 shares of the industrial products company’s stock after acquiring an additional 11,197 shares during the period. New York State Common Retirement Fund owned approximately 0.29% of Napco Security Technologies worth $3,679,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in Napco Security Technologies by 19.9% during the fourth quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company’s stock worth $114,000 after buying an additional 550 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Napco Security Technologies by 4.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,473 shares of the industrial products company’s stock worth $496,000 after purchasing an additional 603 shares in the last quarter. RiverPark Advisors LLC grew its stake in shares of Napco Security Technologies by 80.1% in the fourth quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company’s stock valued at $57,000 after buying an additional 743 shares in the last quarter. Swiss National Bank raised its holdings in shares of Napco Security Technologies by 1.1% during the 3rd quarter. Swiss National Bank now owns 72,800 shares of the industrial products company’s stock valued at $1,620,000 after buying an additional 800 shares during the period. Finally, HighTower Advisors LLC lifted its position in Napco Security Technologies by 0.7% during the 3rd quarter. HighTower Advisors LLC now owns 131,581 shares of the industrial products company’s stock worth $2,928,000 after acquiring an additional 945 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Stock Performance

Napco Security Technologies stock opened at $42.47 on Monday. Napco Security Technologies, Inc. has a 1 year low of $17.76 and a 1 year high of $46.26. The firm’s 50-day moving average is $40.99 and its 200-day moving average is $35.37. The company has a market cap of $1.56 billion, a P/E ratio of 35.69 and a beta of 1.51.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, February 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $47.50 million for the quarter, compared to analysts’ expectations of $43.92 million. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. Napco Security Technologies’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $0.23 earnings per share. As a group, sell-side analysts predict that Napco Security Technologies, Inc. will post 1.31 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Kevin S. Buchel sold 10,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $44.80, for a total transaction of $448,000.00. Following the completion of the transaction, the chief financial officer now directly owns 112,739 shares in the company, valued at approximately $5,050,707.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Napco Security Technologies news, CFO Kevin S. Buchel sold 10,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $44.80, for a total transaction of $448,000.00. Following the completion of the transaction, the chief financial officer now directly owns 112,739 shares of the company’s stock, valued at approximately $5,050,707.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael Carrieri sold 5,200 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $45.92, for a total transaction of $238,784.00. Following the completion of 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. In the last 90 days, insiders have sold 93,200 shares of company stock valued at $3,987,644. Insiders own 11.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NSSC. StockNews.com lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $46.00 price objective on shares of Napco Security Technologies in a report on Friday, April 12th. Imperial Capital lowered shares of Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 target price on the stock. in a research note on Tuesday, February 6th. Finally, DA Davidson started coverage on Napco Security Technologies in a research note on Friday, April 26th. They issued a “buy” rating and a $52.00 price target for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $36.67.

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.