Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 46.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,865 shares of the industrial products company's stock after selling 41,798 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.13% of Napco Security Technologies worth $1,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new position in shares of Napco Security Technologies during the first quarter worth approximately $27,000. First Horizon Advisors Inc. increased its position in shares of 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 acquiring an additional 470 shares during the period. Whittier Trust Co. purchased a new position in shares of Napco Security Technologies during the first quarter worth approximately $28,000. Quarry LP increased its position 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 worth $34,000 after acquiring an additional 312 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in shares of Napco Security Technologies during the first quarter worth approximately $46,000. Institutional investors own 85.07% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Needham & Company LLC lifted 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. DA Davidson lifted their price objective on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, August 27th. Finally, Lake Street Capital restated a "buy" rating and issued a $60.00 target price on shares of Napco Security Technologies in a research note on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $55.29.

Napco Security Technologies Stock Down 1.7 %

NSSC stock traded down $0.68 during midday trading on Thursday, hitting $38.48. The company's stock had a trading volume of 519,057 shares, compared to its average volume of 448,526. The firm has a market capitalization of $1.41 billion, a P/E ratio of 28.72 and a beta of 1.64. The firm has a 50-day simple moving average of $40.99 and a 200-day simple moving average of $46.84. Napco Security Technologies, Inc. has a 52-week low of $17.76 and a 52-week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last released 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 firm had revenue of $50.33 million for 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 quarter in the previous year, the firm earned $0.28 earnings per share. On average, sell-side analysts expect that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were given a dividend of $0.125 per share. This is a positive change from Napco Security Technologies's previous quarterly dividend of $0.10. The ex-dividend date was Thursday, September 12th. This represents a $0.50 annualized dividend and a yield of 1.30%. Napco Security Technologies's dividend payout ratio is 37.31%.

Insider Buying and Selling

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The shares were 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 directly owns 2,681 shares in the company, valued at $99,518.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.54% of the stock is currently owned by company insiders.

About Napco Security Technologies

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.