Moody Aldrich Partners LLC Buys 7,241 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Moody Aldrich Partners LLC grew its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 11.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,428 shares of the industrial products company’s stock after acquiring an additional 7,241 shares during the period. Moody Aldrich Partners LLC’s holdings in Napco Security Technologies were worth $2,930,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Hollencrest Capital Management bought a new stake in Napco Security Technologies during the 1st quarter valued at $27,000. First Horizon Advisors Inc. raised its holdings in shares of Napco Security Technologies by 810.3% in the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 470 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of Napco Security Technologies in the first quarter valued at about $28,000. Quarry LP grew its holdings in Napco Security Technologies by 91.2% during the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 312 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Napco Security Technologies in the 1st quarter valued at about $46,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Stock Performance

NASDAQ:NSSC traded down $0.21 during mid-day trading on Thursday, hitting $39.37. 27,589 shares of the company’s stock traded hands, compared to its average volume of 449,033. The company has a fifty day moving average of $42.72 and a 200 day moving average of $46.87. Napco Security Technologies, Inc. has a twelve month low of $17.76 and a twelve month high of $58.09. The company has a market capitalization of $1.45 billion, a P/E ratio of 31.41 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $50.33 million during the quarter, compared to analysts’ expectations of $50.18 million. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. During the same quarter last year, the company posted $0.28 earnings per share. On average, research analysts expect that Napco Security Technologies, Inc. will post 1.85 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 Thursday, October 3rd. Shareholders of record on Thursday, September 12th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.27%. 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 payout ratio is presently 39.68%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. DA Davidson boosted 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. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $60.00 price objective on shares of Napco Security Technologies in a research report on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.29.

Insider Activity

In related news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the sale, the director now owns 2,681 shares in the company, valued at $99,518.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.54% of the company’s stock.

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.