Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 35.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 439,421 shares of the industrial products company's stock after acquiring an additional 114,346 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.20% of Napco Security Technologies worth $17,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC grew its stake in shares of Napco Security Technologies by 250.8% during the second quarter. SG Americas Securities LLC now owns 22,714 shares of the industrial products company's stock worth $1,180,000 after purchasing an additional 16,239 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Napco Security Technologies during the third quarter worth $2,644,000. Natixis Advisors LLC acquired a new position in shares of Napco Security Technologies during the second quarter worth $6,141,000. Envestnet Asset Management Inc. grew its stake in shares of Napco Security Technologies by 35.6% during the second 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 in the last quarter. Finally, Copeland Capital Management LLC grew its stake in shares of Napco Security Technologies by 108.6% during 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 purchasing an additional 540,436 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

Insider Activity

In related news, Director Paul Stephen Beeber sold 708 shares of the 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 directly owns 2,681 shares of the company's stock, valued at $99,518.72. This represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 5.24% of the company's stock.

Napco Security Technologies Price Performance

Shares of NASDAQ:NSSC traded down $0.84 on Thursday, reaching $39.96. The company's stock had a trading volume of 233,212 shares, compared to its average volume of 449,249. The stock's 50-day moving average is $38.96 and its two-hundred day moving average is $46.02. Napco Security Technologies, Inc. has a 52-week low of $31.14 and a 52-week high of $58.09. The stock has a market capitalization of $1.47 billion, a P/E ratio of 29.38 and a beta of 1.62.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The business had revenue of $44.00 million during the quarter, compared to analysts' expectations of $46.56 million. During the same period in the previous year, the company posted $0.28 earnings per share. Napco Security Technologies's quarterly revenue was up 5.5% on a year-over-year basis. Equities 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 firm 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 $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 1.25%. Napco Security Technologies's payout ratio is 36.76%.

Analysts Set New Price Targets

A number of equities analysts recently commented on NSSC shares. TD Cowen lowered their target price on shares of Napco Security Technologies from $60.00 to $46.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Craig Hallum lowered their target price on shares of Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. DA Davidson decreased 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 note on Tuesday, November 5th. Lake Street Capital decreased their price objective on shares of 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. Finally, StockNews.com upgraded shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Napco Security Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $47.14.

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.