Algert Global LLC Buys 104,509 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Algert Global LLC boosted its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 731.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 118,799 shares of the industrial products company's stock after buying an additional 104,509 shares during the quarter. Algert Global LLC owned 0.32% of Napco Security Technologies worth $4,807,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Napco Security Technologies by 4.2% in 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 period. Copeland Capital Management LLC boosted its position in shares of Napco Security Technologies by 108.6% in the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company's stock worth $42,003,000 after buying an additional 540,436 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Napco Security Technologies during the second quarter valued at $31,504,000. Emerald Advisers LLC grew 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 valued at $20,564,000 after buying an additional 19,674 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its position in Napco Security Technologies by 3.5% during the third 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 period. Institutional investors own 85.07% of the company's stock.

Napco Security Technologies Price Performance

Shares of NSSC stock traded up $0.84 on Monday, hitting $40.06. The company's stock had a trading volume of 379,996 shares, compared to its average volume of 455,007. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 29.46 and a beta of 1.64. Napco Security Technologies, Inc. has a fifty-two week low of $28.25 and a fifty-two week high of $58.09. The firm's fifty day moving average price is $39.09 and its 200-day moving average price is $46.31.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.05). The company had revenue of $44.00 million during 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%. Napco Security Technologies's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. Analysts predict that Napco Security Technologies, Inc. will post 1.49 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, December 12th. Napco Security Technologies's dividend payout ratio is 36.76%.

Analysts Set New Price Targets

Several equities analysts have weighed in on NSSC shares. 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 research note on Tuesday, November 5th. StockNews.com upgraded shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. Needham & Company LLC increased their target price on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, August 27th. Craig Hallum lowered 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 report on Tuesday, November 5th. Finally, 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 report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $47.14.

Insider Transactions at Napco Security Technologies

In related 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 completion of the transaction, the director now owns 2,681 shares of the company's stock, valued at approximately $99,518.72. The trade was a 20.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.24% of the stock is owned by corporate insiders.

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.