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 Form 13F filing with the Securities & Exchange Commission. The firm purchased 65,000 shares of the industrial products company’s stock, valued at approximately $2,610,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.18% of Napco Security Technologies at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of NSSC. Wellington Management Group LLP grew its holdings in Napco Security Technologies by 168.9% during the fourth quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock valued at $23,672,000 after purchasing an additional 434,164 shares during the period. abrdn plc lifted its holdings in shares of Napco Security Technologies by 49.3% during the 4th quarter. abrdn plc now owns 883,726 shares of the industrial products company’s stock valued at $30,268,000 after purchasing an additional 291,920 shares in the last quarter. Annex Advisory Services LLC increased its stake in Napco Security Technologies by 588.0% during the 1st quarter. Annex Advisory Services LLC now owns 234,594 shares of the industrial products company’s stock worth $9,421,000 after purchasing an additional 200,494 shares in the last quarter. Doma Perpetual Capital Management LLC bought a new stake in Napco Security Technologies during the 4th quarter worth approximately $6,833,000. Finally, SG Capital Management LLC bought a new position in Napco Security Technologies in the fourth quarter valued at approximately $4,969,000. Institutional investors own 85.07% of the company’s stock.

Insider Activity

In other Napco Security Technologies news, CEO Richard Soloway sold 250,000 shares of Napco Security Technologies stock in a transaction that occurred on Wednesday, May 8th. The stock was 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 directly owns 1,406,010 shares in the company, valued at $62,145,642. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 11.54% of the stock is owned by company insiders.

Napco Security Technologies Stock Performance

NASDAQ:NSSC opened at $53.51 on Friday. The company has a market capitalization of $1.97 billion, a PE ratio of 42.47 and a beta of 1.62. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $57.37. The company has a 50 day simple moving average of $51.77 and a two-hundred day simple moving average of $44.37.

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

Napco Security Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have issued reports on NSSC. Lake Street Capital lifted their price target on Napco Security Technologies from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Craig Hallum reissued a “buy” rating and set a $65.00 price target (up previously from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Needham & Company LLC raised 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. TD Cowen assumed coverage on shares of Napco Security Technologies in a research note on Tuesday, May 28th. They issued a “buy” rating and a $60.00 price target on the stock. Finally, B. Riley boosted their price objective on Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a research 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 MarketBeat.com, Napco Security Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $54.14.

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.