First National Bank of Omaha Invests $3.55 Million in NAPCO Security Technologies, Inc. $NSSC

First National Bank of Omaha acquired a new stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) during the third quarter, Holdings Channel.com reports. The fund acquired 82,549 shares of the industrial products company’s stock, valued at approximately $3,545,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of NAPCO Security Technologies by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock valued at $481,000 after purchasing an additional 885 shares in the last quarter. Millennium Management LLC lifted its position in shares of NAPCO Security Technologies by 62.4% during the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after buying an additional 295,755 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in NAPCO Security Technologies by 75.8% in the first quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after buying an additional 254,007 shares in the last quarter. Jane Street Group LLC grew its position in NAPCO Security Technologies by 351.7% in the first quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock valued at $2,261,000 after acquiring an additional 76,478 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position 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 Analysts Forecast Growth

Several equities research analysts recently issued reports on NSSC shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a report on Wednesday, January 28th. TD Cowen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. DA Davidson reiterated a “buy” rating and set a $50.00 price target on shares of NAPCO Security Technologies in a report on Tuesday, February 3rd. Needham & Company LLC reissued a “buy” rating and set a $49.00 price objective (up previously from $47.00) on shares of NAPCO Security Technologies in a report on Monday, February 2nd. Finally, Zacks Research lowered NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NAPCO Security Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $47.83.

Insiders Place Their Bets

In other news, CEO Richard Soloway sold 150,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $42.74, for a total transaction of $6,411,000.00. Following the completion of the sale, the chief executive officer directly owned 1,256,010 shares of the company’s stock, valued at $53,681,867.40. The trade was a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.65% of the company’s stock.

NAPCO Security Technologies Price Performance

Shares of NSSC opened at $44.13 on Wednesday. The stock has a 50-day moving average of $41.46 and a 200-day moving average of $40.34. NAPCO Security Technologies, Inc. has a one year low of $19.00 and a one year high of $48.12. The company has a market cap of $1.57 billion, a PE ratio of 33.18 and a beta of 1.51.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The firm had revenue of $48.17 million during the quarter, compared to analysts’ expectations of $47.82 million. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. Analysts expect that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.15 per share. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, March 12th. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. NAPCO Security Technologies’s dividend payout ratio (DPR) is presently 42.11%.

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.