15,663 Shares in Napco Security Technologies, Inc. (NASDAQ:NSSC) Purchased by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,663 shares of the industrial products company's stock, valued at approximately $634,000.

Several other institutional investors also recently modified their holdings of the stock. First Horizon Advisors Inc. boosted its stake in Napco Security Technologies by 810.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company's stock worth $27,000 after acquiring an additional 470 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Napco Security Technologies by 72,300.0% in the third quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company's stock worth $29,000 after purchasing an additional 723 shares during the period. Quarry LP boosted its position in shares of Napco Security Technologies by 91.2% during the second quarter. Quarry LP now owns 654 shares of the industrial products company's stock worth $34,000 after purchasing an additional 312 shares in the last quarter. KBC Group NV grew its holdings in shares of 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 increased its position in shares of 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 in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

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 shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the sale, the director now owns 2,681 shares of the company's stock, valued at $99,518.72. The trade was a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.24% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com lowered Napco Security Technologies from a "hold" rating to a "sell" rating in a report on Monday, November 25th. TD Cowen decreased their price objective on 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 lowered their target price on Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC lifted their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, August 27th. Finally, 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. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $47.14.

Napco Security Technologies Stock Up 0.8 %

Shares of NSSC stock traded up $0.32 during trading on Friday, reaching $39.23. The company's stock had a trading volume of 151,993 shares, compared to its average volume of 485,636. Napco Security Technologies, Inc. has a one year low of $30.04 and a one year high of $58.09. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 28.85 and a beta of 1.64. The business has a fifty day moving average price of $39.03 and a 200-day moving average price of $46.12.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) 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 the consensus estimate of $0.35 by ($0.05). The company 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 revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. Research analysts anticipate that Napco Security Technologies, Inc. will post 1.49 EPS for the current year.

Napco Security Technologies Announces Dividend

The firm 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 of this dividend is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.27%. Napco Security Technologies's payout ratio is 36.76%.

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.