Charles Schwab Investment Management Inc. Grows Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Charles Schwab Investment Management Inc. increased its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 30.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 359,103 shares of the industrial products company's stock after purchasing an additional 83,871 shares during the period. Charles Schwab Investment Management Inc. owned 0.98% of Napco Security Technologies worth $14,529,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its position in shares of Napco Security Technologies by 810.3% during the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company's stock worth $27,000 after buying an additional 470 shares during the period. Farther Finance Advisors LLC increased its stake in Napco Security Technologies by 72,300.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company's stock worth $29,000 after buying an additional 723 shares during the period. Quarry LP lifted 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 buying an additional 312 shares in the last quarter. KBC Group NV boosted its position in Napco Security Technologies by 61.4% in the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company's stock valued at $45,000 after buying an additional 424 shares during the period. Finally, Huntington National Bank boosted its position in Napco Security Technologies by 54.7% in the 3rd quarter. Huntington National Bank now owns 1,777 shares of the industrial products company's stock valued at $72,000 after buying an additional 628 shares during the period. Hedge funds and other institutional investors own 85.07% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NSSC shares. Needham & Company LLC increased their price target on Napco Security Technologies from $52.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, August 27th. StockNews.com raised shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a research report on Tuesday, December 3rd. 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. Lake Street Capital dropped 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. Finally, Craig Hallum dropped their price objective on Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating on the stock 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $47.14.

Insiders Place Their Bets

In other news, Director Paul Stephen Beeber sold 708 shares of the business'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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.24% of the stock is currently owned by insiders.

Napco Security Technologies Stock Performance

Shares of NSSC stock traded down $1.29 during mid-day trading on Monday, hitting $38.35. 213,001 shares of the stock were exchanged, compared to its average volume of 448,214. The stock's fifty day simple moving average is $38.91 and its two-hundred day simple moving average is $45.90. Napco Security Technologies, Inc. has a 12-month low of $31.14 and a 12-month high of $58.09. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 29.15 and a beta of 1.62.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last released 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). The firm had revenue of $44.00 million for the quarter, compared to analysts' expectations of $46.56 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. On average, research analysts expect that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies's dividend payout ratio is currently 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.