Zurcher Kantonalbank Zurich Cantonalbank Purchases 13,418 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 215.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,640 shares of the industrial products company's stock after purchasing an additional 13,418 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of Napco Security Technologies worth $795,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its stake in Napco Security Technologies by 810.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company's stock valued at $27,000 after buying an additional 470 shares in the last quarter. Quarry LP lifted its position in shares of Napco Security Technologies by 91.2% in the second quarter. Quarry LP now owns 654 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 312 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of 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 acquiring an additional 723 shares during the last quarter. KBC Group NV increased its position in shares of Napco Security Technologies by 61.4% during the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company's stock worth $45,000 after purchasing an additional 424 shares in the last quarter. Finally, Huntington National Bank raised its stake 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 purchasing an additional 628 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a research note on Tuesday. DA Davidson dropped 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 cut 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 report on Tuesday, November 5th. Needham & Company LLC boosted their target price on Napco Security Technologies from $52.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, August 27th. Finally, TD Cowen cut their price target 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Napco Security Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.14.

Napco Security Technologies Price Performance

Shares of NSSC stock traded down $0.32 during trading on Friday, hitting $39.64. 205,150 shares of the stock traded hands, compared to its average volume of 338,659. The firm has a market capitalization of $1.45 billion, a P/E ratio of 29.15 and a beta of 1.62. The firm's fifty day moving average price is $38.91 and its 200-day moving average price is $45.92. Napco Security Technologies, Inc. has a 52-week low of $31.14 and a 52-week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $46.56 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts expect that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The company 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 $0.125 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.26%. Napco Security Technologies's payout ratio is 36.76%.

Insiders Place Their Bets

In other news, Director Paul Stephen Beeber sold 708 shares of the company's 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 sale, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. This represents a 20.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.24% of the company's stock.

Napco Security Technologies Company 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.