Janus Henderson Group PLC Sells 96,990 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Janus Henderson Group PLC lowered its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 10.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 816,264 shares of the industrial products company's stock after selling 96,990 shares during the period. Janus Henderson Group PLC owned about 2.23% of Napco Security Technologies worth $33,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NSSC. HighTower Advisors LLC lifted its stake in Napco Security Technologies by 4.8% in the third quarter. HighTower Advisors LLC now owns 139,725 shares of the industrial products company's stock valued at $5,650,000 after buying an additional 6,393 shares during the last quarter. PDT Partners LLC bought a new stake in Napco Security Technologies in the 3rd quarter valued at about $1,475,000. Verition Fund Management LLC bought a new stake in Napco Security Technologies in the 3rd quarter valued at about $1,769,000. Rockefeller Capital Management L.P. boosted its stake in Napco Security Technologies by 74.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 300,901 shares of the industrial products company's stock valued at $12,174,000 after purchasing an additional 128,316 shares during the period. Finally, Walleye Capital LLC bought a new position in Napco Security Technologies in the 3rd quarter worth about $330,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NSSC shares. Lake Street Capital cut their price target 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. StockNews.com upgraded Napco Security Technologies from a "sell" rating to a "hold" rating in a research report on Tuesday. Needham & Company LLC increased their price target on Napco Security Technologies from $52.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, August 27th. DA Davidson cut their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Finally, TD Cowen decreased 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 report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.14.

Napco Security Technologies Trading Down 0.8 %

NSSC stock traded down $0.32 during trading hours on Friday, hitting $39.64. 205,150 shares of the stock traded hands, compared to its average volume of 338,659. Napco Security Technologies, Inc. has a one year low of $31.14 and a one year high of $58.09. The company has a market cap of $1.45 billion, a P/E ratio of 29.15 and a beta of 1.62. The stock has a 50-day simple moving average of $38.91 and a 200 day simple moving average of $45.91.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its 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 company had revenue of $44.00 million for the quarter, compared to the consensus estimate of $46.56 million. During the same period last year, the firm posted $0.28 EPS. The company's revenue was up 5.5% compared to the same quarter last year. Analysts forecast that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies's dividend payout ratio is currently 36.76%.

Insider Activity at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the company's stock in a transaction 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 completion of the transaction, the director now directly owns 2,681 shares in the company, valued at approximately $99,518.72. This represents a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.24% of the stock is owned by corporate insiders.

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.