Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Sold by QSV Equity Investors LLC

QSV Equity Investors LLC lowered its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 30.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,122 shares of the industrial products company's stock after selling 16,344 shares during the period. QSV Equity Investors LLC owned approximately 0.10% of Napco Security Technologies worth $1,502,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NSSC. SG Americas Securities LLC increased its holdings in shares of Napco Security Technologies by 250.8% during 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 purchasing an additional 16,239 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of Napco Security Technologies in the 3rd quarter worth approximately $2,644,000. Natixis Advisors LLC acquired a new position in Napco Security Technologies in the second quarter worth approximately $6,141,000. Envestnet Asset Management Inc. lifted its position in shares of Napco Security Technologies by 35.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company's stock valued at $20,019,000 after acquiring an additional 101,182 shares during the last quarter. Finally, Copeland Capital Management LLC grew its holdings in shares of Napco Security Technologies by 108.6% in the 3rd quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company's stock worth $42,003,000 after acquiring an additional 540,436 shares during the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a research note on Tuesday. Lake Street Capital reduced their target price on shares of 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 dropped their target price on Napco Security Technologies from $60.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC increased their price objective 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, Craig Hallum reduced their price objective 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $47.14.

Insiders Place Their Bets

In related news, Director Paul Stephen Beeber sold 708 shares of the 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 completion of the transaction, the director now directly owns 2,681 shares of the company's stock, valued at $99,518.72. This represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 5.24% of the company's stock.

Napco Security Technologies Price Performance

Shares of Napco Security Technologies stock traded down $0.34 on Thursday, reaching $40.46. The company had a trading volume of 105,824 shares, compared to its average volume of 448,687. Napco Security Technologies, Inc. has a 1 year low of $31.14 and a 1 year high of $58.09. The firm's 50-day moving average price is $38.96 and its two-hundred day moving average price is $46.02. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 30.00 and a beta of 1.62.

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 analysts' consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The firm had revenue of $44.00 million during the quarter, compared to the consensus estimate of $46.56 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. The firm's quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts anticipate that Napco Security Technologies, Inc. will post 1.49 EPS for the current year.

Napco Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies's dividend payout ratio (DPR) 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.