Rice Hall James & Associates LLC Sells 37,221 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Rice Hall James & Associates LLC lessened its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 18.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 159,210 shares of the industrial products company's stock after selling 37,221 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.43% of Napco Security Technologies worth $6,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in NSSC. Sei Investments Co. bought a new position in Napco Security Technologies during the 1st quarter valued at approximately $682,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Napco Security Technologies in the first quarter worth $2,610,000. SG Americas Securities LLC boosted its holdings in Napco Security Technologies by 250.8% in the second quarter. SG Americas Securities LLC now owns 22,714 shares of the industrial products company's stock valued at $1,180,000 after acquiring an additional 16,239 shares in the last quarter. Norden Group LLC purchased a new position in Napco Security Technologies during the 1st quarter valued at $565,000. Finally, Natixis Advisors LLC bought a new position in Napco Security Technologies in the 2nd quarter worth $6,141,000. Institutional investors own 85.07% of the company's stock.

Insider Activity at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the business's stock in a transaction on Thursday, September 12th. The stock was 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 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 document filed with the Securities & Exchange Commission, which is available through this link. 11.54% of the stock is currently owned by insiders.

Napco Security Technologies Stock Up 0.3 %

Shares of NASDAQ NSSC traded up $0.11 during trading on Friday, reaching $38.59. The company had a trading volume of 560,530 shares, compared to its average volume of 449,054. Napco Security Technologies, Inc. has a 12-month low of $18.00 and a 12-month high of $58.09. The business's 50-day moving average is $40.66 and its 200 day moving average is $46.78. The stock has a market cap of $1.42 billion, a PE ratio of 28.80 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The company 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 period in the prior year, the firm posted $0.28 EPS. On average, analysts anticipate that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current year.

Napco Security Technologies Increases Dividend

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

Analyst Upgrades and Downgrades

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

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.