Harbour Capital Advisors LLC Boosts Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Harbour Capital Advisors LLC raised its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 61.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,830 shares of the industrial products company’s stock after purchasing an additional 3,755 shares during the period. Harbour Capital Advisors LLC’s holdings in Napco Security Technologies were worth $385,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. AE Wealth Management LLC raised its holdings in Napco Security Technologies by 3.8% in the 2nd quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 189 shares during the period. Epic Trust Investment Advisors LLC raised its holdings in Napco Security Technologies by 3.0% during the second quarter. Epic Trust Investment Advisors LLC now owns 9,678 shares of the industrial products company’s stock valued at $503,000 after acquiring an additional 279 shares during the period. Quarry LP raised its holdings in Napco Security Technologies by 91.2% during the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 312 shares during the period. CWM LLC raised its holdings in Napco Security Technologies by 14.8% during the second quarter. CWM LLC now owns 2,761 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 356 shares during the period. Finally, Comerica Bank raised its holdings in Napco Security Technologies by 19.1% during the first quarter. Comerica Bank now owns 2,586 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 415 shares during the period. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the transaction, the director now owns 2,681 shares in the company, valued at $99,518.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.54% of the company’s stock.

Wall Street Analyst Weigh In

NSSC has been the subject of several recent research reports. DA Davidson lifted their price target on Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Lake Street Capital reiterated a “buy” rating and issued a $60.00 price target on shares of Napco Security Technologies in a research report on Tuesday, September 17th. Finally, Needham & Company LLC lifted their price target on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Napco Security Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $55.29.

Napco Security Technologies Stock Performance

Shares of Napco Security Technologies stock opened at $41.58 on Friday. The firm has a 50-day simple moving average of $43.51 and a two-hundred day simple moving average of $46.81. The company has a market cap of $1.53 billion, a P/E ratio of 33.00 and a beta of 1.64. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. The firm had revenue of $50.33 million during the quarter, compared to the consensus estimate of $50.18 million. During the same quarter in the prior year, the firm earned $0.28 EPS. Equities research analysts forecast that Napco Security Technologies, Inc. will post 1.85 EPS for the current year.

Napco Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Thursday, September 12th. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.10. Napco Security Technologies’s dividend payout ratio is 39.68%.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.