BlackRock Inc. Takes $213.93 Million Position in NAPCO Security Technologies, Inc. $NSSC

BlackRock Inc. purchased a new stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 5,632,646 shares of the industrial products company’s stock, valued at approximately $213,928,000. BlackRock Inc. owned about 0.16% of NAPCO Security Technologies as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NSSC. IFP Advisors Inc raised its holdings in shares of NAPCO Security Technologies by 193.3% during the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 377 shares during the period. KBC Group NV acquired a new position in shares of NAPCO Security Technologies in the 1st quarter valued at about $26,000. Advisory Services Network LLC bought a new stake in shares of NAPCO Security Technologies during the 3rd quarter valued at about $41,000. Blue Trust Inc. bought a new stake in shares of NAPCO Security Technologies during the 1st quarter valued at about $44,000. Finally, Acadian Asset Management LLC acquired a new stake in NAPCO Security Technologies during the first quarter worth about $91,000. 85.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $49.00 target price on shares of NAPCO Security Technologies in a report on Friday, August 21st. DA Davidson set a $52.00 target price on NAPCO Security Technologies in a report on Tuesday. Wall Street Zen cut NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Benchmark reissued a “buy” rating on shares of NAPCO Security Technologies in a report on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $50.40.

NAPCO Security Technologies Trading Down 1.3%

NAPCO Security Technologies stock opened at $35.28 on Friday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 29.16 and a beta of 1.45. The company’s 50-day moving average price is $37.49 and its two-hundred day moving average price is $39.85. NAPCO Security Technologies, Inc. has a 52 week low of $33.91 and a 52 week high of $51.77.

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

NAPCO Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, September 11th. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.9%. NAPCO Security Technologies’s dividend payout ratio is presently 57.69%.

NAPCO Security Technologies Company 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.