Premier Fund Managers Ltd Grows Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Premier Fund Managers Ltd lifted its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 44.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,082 shares of the industrial products company’s stock after purchasing an additional 4,019 shares during the quarter. Premier Fund Managers Ltd’s holdings in Napco Security Technologies were worth $535,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. AE Wealth Management LLC raised its position in Napco Security Technologies by 3.8% in the second quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company’s stock worth $270,000 after acquiring an additional 189 shares in the last quarter. Epic Trust Investment Advisors LLC raised its position in Napco Security Technologies by 3.0% in the second quarter. Epic Trust Investment Advisors LLC now owns 9,678 shares of the industrial products company’s stock worth $503,000 after acquiring an additional 279 shares in the last quarter. Quarry LP raised its position in Napco Security Technologies by 91.2% in the second 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. CWM LLC raised its position in Napco Security Technologies by 14.8% in the second quarter. CWM LLC now owns 2,761 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 356 shares in the last quarter. Finally, Allworth Financial LP raised its position in Napco Security Technologies by 18.9% in the third quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NSSC shares. Needham & Company LLC increased their price objective 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. DA Davidson cut their price objective on 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. Lake Street Capital lowered their target price on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. TD Cowen lowered their target price on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.14.

Napco Security Technologies Trading Up 2.0 %

Shares of NASDAQ:NSSC opened at $36.94 on Thursday. The stock’s 50-day moving average price is $39.08 and its two-hundred day moving average price is $46.39. Napco Security Technologies, Inc. has a 12-month low of $28.25 and a 12-month high of $58.09. The firm has a market cap of $1.36 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The business had revenue of $44.00 million during the quarter, compared to analyst estimates of $46.56 million. During the same period in the previous year, the business posted $0.28 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, research analysts forecast that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be issued a $0.125 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.35%. Napco Security Technologies’s dividend payout ratio (DPR) is 36.76%.

Insider Transactions at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the firm’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 sale, the director now directly owns 2,681 shares in the company, valued at approximately $99,518.72. This trade represents a 20.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.24% of the company’s stock.

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.