Laurus Investment Counsel Inc. Has $2.52 Million Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Laurus Investment Counsel Inc. grew its position in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 40.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,340 shares of the industrial products company's stock after purchasing an additional 17,880 shares during the period. Napco Security Technologies comprises about 1.3% of Laurus Investment Counsel Inc.'s portfolio, making the stock its 20th largest position. Laurus Investment Counsel Inc. owned approximately 0.17% of Napco Security Technologies worth $2,522,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NSSC. Vanguard Group Inc. raised its stake in Napco Security Technologies by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company's stock worth $102,654,000 after buying an additional 102,010 shares during the period. Wellington Management Group LLP raised its position in shares of Napco Security Technologies by 168.9% during the fourth quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company's stock worth $23,672,000 after purchasing an additional 434,164 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Napco Security Technologies during the 2nd quarter valued at about $31,504,000. Emerald Advisers LLC grew its position in shares of Napco Security Technologies by 118.3% in the 2nd quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company's stock valued at $25,382,000 after purchasing an additional 264,789 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its position in shares of Napco Security Technologies by 170.8% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 399,936 shares of the industrial products company's stock valued at $20,777,000 after purchasing an additional 252,252 shares during the period. 85.07% of the stock is owned by institutional investors.

Napco Security Technologies Stock Down 0.7 %

NSSC traded down $0.31 during trading hours on Friday, hitting $41.58. 277,965 shares of the company's stock were exchanged, compared to its average volume of 453,605. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 33.00 and a beta of 1.64. Napco Security Technologies, Inc. has a 1-year low of $17.76 and a 1-year high of $58.09. The stock's 50-day moving average is $43.51 and its two-hundred day moving average is $46.81.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. The company had revenue of $50.33 million during the quarter, compared to the consensus estimate of $50.18 million. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. During the same period in the prior year, the business posted $0.28 EPS. On average, equities research analysts anticipate that Napco Security Technologies, Inc. will post 1.85 EPS for the current year.

Napco Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.20%. This is an increase from Napco Security Technologies's previous quarterly dividend of $0.10. The ex-dividend date was Thursday, September 12th. Napco Security Technologies's dividend payout ratio (DPR) is currently 39.68%.

Insider Buying and Selling

In other news, Director Paul Stephen Beeber sold 708 shares of the business's 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 transaction, the director now directly owns 2,681 shares in the company, valued at $99,518.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NSSC has been the topic of a number of research reports. Needham & Company LLC lifted their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, August 27th. DA Davidson boosted their price objective on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, August 27th. Finally, Lake Street Capital reiterated a "buy" rating and set a $60.00 target price on shares of Napco Security Technologies in a report on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $55.29.

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.