Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. decreased its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 15.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 48,043 shares of the industrial products company’s stock after selling 8,764 shares during the quarter. Navellier & Associates Inc.’s holdings in Napco Security Technologies were worth $1,944,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in Napco Security Technologies by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock worth $102,654,000 after purchasing an additional 102,010 shares during the last quarter. Copeland Capital Management LLC grew its stake in shares of Napco Security Technologies by 108.6% in the 3rd quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock valued at $42,003,000 after purchasing an additional 540,436 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Napco Security Technologies in the second quarter valued at approximately $31,504,000. Emerald Advisers LLC lifted its holdings in shares of Napco Security Technologies by 4.0% during the third quarter. Emerald Advisers LLC now owns 508,257 shares of the industrial products company’s stock worth $20,564,000 after purchasing an additional 19,674 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its position in Napco Security Technologies by 3.5% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 414,013 shares of the industrial products company’s stock valued at $16,751,000 after buying an additional 14,077 shares during the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the transaction, the director now owns 2,681 shares in the company, valued at $99,518.72. The trade was a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.24% of the company’s stock.

Napco Security Technologies Price Performance

NSSC opened at $36.94 on Thursday. Napco Security Technologies, Inc. has a 12 month low of $28.25 and a 12 month high of $58.09. The business has a 50-day moving average of $39.08 and a two-hundred day moving average of $46.39. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 27.16 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). The company had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.28 EPS. Equities research analysts anticipate that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.50 annualized dividend and a yield of 1.35%. Napco Security Technologies’s dividend payout ratio is presently 36.76%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NSSC. DA Davidson lowered their target price on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC boosted their target price 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. TD Cowen decreased their price target on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Craig Hallum cut their price objective on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Lake Street Capital decreased their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Napco Security Technologies has a consensus rating of “Moderate Buy” and an average target price of $47.14.

Napco Security Technologies Profile

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.