Man Group plc Purchases New Shares in NAPCO Security Technologies, Inc. $NSSC

Man Group plc acquired a new stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) during the second quarter, HoldingsChannel reports. The firm acquired 22,526 shares of the industrial products company’s stock, valued at approximately $856,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc increased its position in NAPCO Security Technologies by 193.3% in the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 377 shares during the period. KBC Group NV acquired a new position in shares of NAPCO Security Technologies during the first quarter worth about $26,000. Advisory Services Network LLC acquired a new stake in NAPCO Security Technologies in the third quarter valued at about $41,000. Blue Trust Inc. acquired a new position in NAPCO Security Technologies during the 1st quarter worth approximately $44,000. Finally, Acadian Asset Management LLC purchased a new position in shares of NAPCO Security Technologies during the 1st quarter worth approximately $91,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NSSC. Weiss Ratings reiterated a “hold (c)” rating on shares of NAPCO Security Technologies in a research note on Friday, August 7th. DA Davidson set a $52.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, August 25th. Benchmark reiterated a “buy” rating on shares of NAPCO Security Technologies in a research report on Tuesday, August 25th. Wall Street Zen lowered shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $49.00 price target on shares of NAPCO Security Technologies in a report on Friday, August 21st. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.40.

Insider Buying and Selling

In related news, Director Donna Soloway sold 20,962 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $34.62, for a total transaction of $725,704.44. Following the completion of the sale, the director directly owned 20,962 shares of the company’s stock, valued at approximately $725,704.44. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Richard Soloway sold 379,529 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the completion of the transaction, the chairman owned 621,958 shares in the company, valued at $21,457,551. This represents a 37.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 523,962 shares of company stock worth $18,257,168 in the last quarter. Insiders own 5.65% of the company’s stock.

NAPCO Security Technologies Stock Performance

Shares of NASDAQ:NSSC opened at $37.05 on Friday. The stock has a 50-day simple moving average of $37.33 and a 200-day simple moving average of $39.59. The stock has a market capitalization of $1.33 billion, a P/E ratio of 30.62 and a beta of 1.43. NAPCO Security Technologies, Inc. has a 1 year low of $33.91 and a 1 year high of $51.77.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.39 by $0.11. NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. The firm had revenue of $55.81 million for the quarter, compared to analyst estimates of $52.51 million. During the same quarter last year, the firm posted $0.33 earnings per share. NAPCO Security Technologies’s revenue for the quarter was up 10.1% compared to the same quarter last year. Analysts predict that NAPCO Security Technologies, Inc. will post 1.66 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $0.17 per share. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.68 annualized dividend and a yield of 1.8%. NAPCO Security Technologies’s dividend payout ratio is presently 49.59%.

NAPCO Security Technologies Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.