Royce & Associates LP Has $14.10 Million Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Royce & Associates LP cut its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 18.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 348,430 shares of the industrial products company's stock after selling 79,000 shares during the period. Royce & Associates LP owned 0.95% of Napco Security Technologies worth $14,097,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. AE Wealth Management LLC raised its position in Napco Security Technologies by 3.8% in the 2nd quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company's stock worth $270,000 after purchasing an additional 189 shares during the last quarter. Epic Trust Investment Advisors LLC raised its position in shares of Napco Security Technologies by 3.0% during the second quarter. Epic Trust Investment Advisors LLC now owns 9,678 shares of the industrial products company's stock worth $503,000 after acquiring an additional 279 shares during the last quarter. Quarry LP lifted its stake 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 valued at $34,000 after acquiring an additional 312 shares during the period. CWM LLC boosted its holdings in Napco Security Technologies by 14.8% in the second quarter. CWM LLC now owns 2,761 shares of the industrial products company's stock valued at $143,000 after acquiring an additional 356 shares during the last quarter. Finally, Allworth Financial LP increased its position in Napco Security Technologies by 18.9% in the third quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company's stock worth $102,000 after purchasing an additional 400 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Price Performance

Shares of NASDAQ NSSC traded down $0.95 during midday trading on Friday, reaching $35.96. 218,183 shares of the stock were exchanged, compared to its average volume of 511,596. Napco Security Technologies, Inc. has a 12 month low of $27.38 and a 12 month high of $58.09. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 26.44 and a beta of 1.64. The business has a 50-day simple moving average of $39.08 and a two-hundred day simple moving average of $46.55.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share 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 business had revenue of $44.00 million for the quarter, compared to the consensus estimate of $46.56 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The business's revenue was up 5.5% on a year-over-year basis. Equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be given a $0.125 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.39%. Napco Security Technologies's dividend payout ratio is presently 36.76%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Craig Hallum reduced their target price on shares of Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC increased their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, August 27th. Lake Street Capital lowered their target price 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. StockNews.com upgraded shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a research report on Thursday. Finally, DA Davidson reduced their price target on Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Napco Security Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $47.14.

Insider Buying and Selling

In related news, Director Paul Stephen Beeber sold 708 shares of the company's stock in a transaction on Thursday, September 12th. The shares were 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 of the company's stock, valued at approximately $99,518.72. This represents a 20.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.24% of the stock is owned by company 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.