Fmr LLC Purchases 494,988 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

FMR LLC grew its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 30.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,102,688 shares of the industrial products company's stock after purchasing an additional 494,988 shares during the period. FMR LLC owned about 5.73% of Napco Security Technologies worth $85,075,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First Horizon Advisors Inc. grew its holdings in 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 in the last quarter. Farther Finance Advisors LLC lifted 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 valued at $29,000 after acquiring an additional 723 shares in the last quarter. Quarry LP boosted 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 acquiring an additional 312 shares during the last quarter. KBC Group NV grew its stake 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 worth $45,000 after acquiring an additional 424 shares in the last quarter. Finally, Huntington National Bank raised its holdings in shares of Napco Security Technologies by 54.7% in the third quarter. Huntington National Bank now owns 1,777 shares of the industrial products company's stock valued at $72,000 after purchasing an additional 628 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NSSC has been the subject of a number of recent analyst reports. Craig Hallum reduced their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. TD Cowen reduced their target price on Napco Security Technologies from $60.00 to $46.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Needham & Company LLC lifted their price target on Napco Security Technologies from $52.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, August 27th. Lake Street Capital reduced their price objective 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. Finally, DA Davidson decreased their target price on 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. 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 has an average rating of "Moderate Buy" and an average price target of $47.14.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of Napco Security Technologies 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 $99,518.72. The trade was a 20.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.24% of the company's stock.

Napco Security Technologies Price Performance

Shares of NASDAQ NSSC traded down $0.32 during trading on Friday, reaching $39.64. 205,150 shares of the stock traded hands, compared to its average volume of 448,215. The company has a 50-day moving average of $38.93 and a 200-day moving average of $45.98. 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 $1.45 billion, a P/E ratio of 29.38 and a beta of 1.62.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its 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 business had revenue of $44.00 million for the quarter, compared to the consensus estimate 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 revenue for the quarter 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. 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 disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be paid a $0.125 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.26%. Napco Security Technologies's dividend payout ratio is 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.