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

Royce & Associates LP lessened its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 18.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 348,430 shares of the industrial products company’s stock after selling 79,000 shares during the period. Royce & Associates LP owned about 0.95% of Napco Security Technologies worth $14,097,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NSSC. Sei Investments Co. acquired a new stake in Napco Security Technologies in the 1st quarter worth about $682,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Napco Security Technologies in the 1st quarter worth $2,610,000. SG Americas Securities LLC boosted its holdings in Napco Security Technologies by 250.8% in the second quarter. SG Americas Securities LLC now owns 22,714 shares of the industrial products company’s stock valued at $1,180,000 after acquiring an additional 16,239 shares during the last quarter. Natixis Advisors LLC acquired a new position in shares of Napco Security Technologies in the 2nd quarter valued at about $6,141,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Napco Security Technologies by 35.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company’s stock worth $20,019,000 after purchasing an additional 101,182 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Napco Security Technologies

In other 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 approximately $99,518.72. This represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.24% of the company’s stock.

Wall Street Analysts Forecast Growth

NSSC has been the topic of several research reports. Needham & Company LLC raised their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Lake Street Capital lowered their price target on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. DA Davidson lowered their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Craig Hallum dropped their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, TD Cowen decreased their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. 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, the company has a consensus rating of “Moderate Buy” and an average target price of $47.14.

Napco Security Technologies Stock Performance

NSSC opened at $35.96 on Friday. Napco Security Technologies, Inc. has a 1-year low of $27.38 and a 1-year high of $58.09. The company has a 50-day moving average of $39.08 and a 200-day moving average of $46.50. The company has a market capitalization of $1.32 billion, a P/E ratio of 26.44 and a beta of 1.64.

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

Napco Security Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

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.