Point72 Asset Management L.P. Invests $1.95 Million in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Point72 Asset Management L.P. bought a new position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 48,285 shares of the industrial products company's stock, valued at approximately $1,954,000. Point72 Asset Management L.P. owned about 0.13% of Napco Security Technologies at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. increased its position in shares of Napco Security Technologies by 35.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 439,421 shares of the industrial products company's stock valued at $17,779,000 after buying an additional 114,346 shares in the last quarter. HighTower Advisors LLC raised its holdings in Napco Security Technologies by 4.8% during the 3rd quarter. HighTower Advisors LLC now owns 139,725 shares of the industrial products company's stock worth $5,650,000 after buying an additional 6,393 shares during the period. PDT Partners LLC bought a new position in Napco Security Technologies in the third quarter valued at approximately $1,475,000. Verition Fund Management LLC acquired a new position in shares of Napco Security Technologies in the third quarter valued at approximately $1,769,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of Napco Security Technologies by 74.3% during the third quarter. Rockefeller Capital Management L.P. now owns 300,901 shares of the industrial products company's stock worth $12,174,000 after acquiring an additional 128,316 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction that occurred 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 owns 2,681 shares of the company's stock, valued at $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 available at this link. 5.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on NSSC shares. Lake Street Capital dropped their price target on Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. TD Cowen decreased their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. DA Davidson reduced their target price on shares of Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. 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. Finally, Craig Hallum decreased their price objective on Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $47.14.

Napco Security Technologies Trading Up 1.4 %

Shares of NASDAQ:NSSC traded up $0.55 on Tuesday, hitting $38.90. The company had a trading volume of 151,194 shares, compared to its average volume of 445,952. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 28.20 and a beta of 1.62. Napco Security Technologies, Inc. has a 1-year low of $31.27 and a 1-year high of $58.09. The stock has a 50 day moving average price of $38.87 and a 200 day moving average price of $45.83.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly 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 firm had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. During the same period in the previous year, the business posted $0.28 earnings per share. The business's revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company 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 dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.50 annualized dividend and a yield of 1.29%. Napco Security Technologies's dividend payout ratio is 36.76%.

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.