Watershed Asset Management L.L.C. Buys New Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Watershed Asset Management L.L.C. bought a new stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) in the fourth quarter, Holdings Channel reports. The institutional investor bought 8,596 shares of the industrial products company’s stock, valued at approximately $294,000.

A number of other large investors have also modified their holdings of the company. Copeland Capital Management LLC acquired a new position in Napco Security Technologies during the third quarter worth $28,000. RiverPark Advisors LLC raised its stake in Napco Security Technologies by 80.1% during the fourth quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 743 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Napco Security Technologies during the third quarter worth $101,000. Allworth Financial LP increased its stake 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. Finally, Barrett & Company Inc. increased its stake in shares of Napco Security Technologies by 53.8% in the third quarter. Barrett & Company Inc. now owns 6,155 shares of the industrial products company’s stock valued at $137,000 after buying an additional 2,152 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NSSC has been the subject of a number of research reports. Imperial Capital lowered Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 target price for the company. in a research note on Tuesday, February 6th. Needham & Company LLC restated a “buy” rating and issued a $46.00 target price on shares of Napco Security Technologies in a research note on Friday, April 12th. Finally, StockNews.com lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $33.60.

Napco Security Technologies Trading Up 4.6 %

Napco Security Technologies stock traded up $1.91 during mid-day trading on Tuesday, hitting $43.32. The stock had a trading volume of 715,199 shares, compared to its average volume of 344,478. The stock has a 50-day simple moving average of $41.31 and a two-hundred day simple moving average of $34.00. The stock has a market capitalization of $1.59 billion, a PE ratio of 36.40 and a beta of 1.55. Napco Security Technologies, Inc. has a 12 month low of $17.76 and a 12 month high of $46.26.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. The business had revenue of $47.50 million for the quarter, compared to analysts’ expectations of $43.92 million. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 earnings per share. Sell-side analysts expect that Napco Security Technologies, Inc. will post 1.3 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were issued a $0.10 dividend. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, February 29th. This represents a $0.40 annualized dividend and a yield of 0.92%. Napco Security Technologies’s dividend payout ratio (DPR) is currently 33.61%.

Insiders Place Their Bets

In other Napco Security Technologies news, CEO Richard Soloway sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the transaction, the chief executive officer now owns 1,656,010 shares in the company, valued at $67,482,407.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Napco Security Technologies news, CEO Richard Soloway sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the transaction, the chief executive officer now owns 1,656,010 shares in the company, valued at $67,482,407.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kevin S. Buchel sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $44.80, for a total value of $448,000.00. Following the transaction, the chief financial officer now owns 112,739 shares in the company, valued at approximately $5,050,707.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,200 shares of company stock worth $3,987,644. Insiders own 11.54% of the company’s stock.

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.