Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Sold by Oak Ridge Investments LLC

Oak Ridge Investments LLC lowered its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,777 shares of the industrial products company’s stock after selling 2,870 shares during the period. Oak Ridge Investments LLC’s holdings in Napco Security Technologies were worth $3,551,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Lake Street Capital reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Napco Security Technologies in a research report on Tuesday, September 17th. DA Davidson raised their price target on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Finally, Needham & Company LLC lifted their price target 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.29.

Insider Activity

In related news, Director Paul Stephen Beeber sold 708 shares of the firm’s stock in a transaction on 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 directly owns 2,681 shares in the company, valued at $99,518.72. This trade represents a 0.00 % 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 11.54% of the company’s stock.

Napco Security Technologies Trading Down 1.7 %

Shares of NASDAQ:NSSC opened at $38.48 on Friday. The firm has a market cap of $1.41 billion, a PE ratio of 28.72 and a beta of 1.64. The company has a fifty day simple moving average of $40.99 and a 200 day simple moving average of $46.84. Napco Security Technologies, Inc. has a 12-month low of $17.76 and a 12-month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $50.33 million for the quarter, compared to analyst estimates 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 in the prior year, the business posted $0.28 EPS. As a group, equities research analysts forecast that Napco Security Technologies, Inc. will post 1.85 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given a $0.125 dividend. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, September 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.30%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 37.31%.

Napco Security Technologies Company 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.