65,330 Shares in Napco Security Technologies, Inc. (NASDAQ:NSSC) Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans purchased a new stake in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 65,330 shares of the industrial products company's stock, valued at approximately $2,644,000. Thrivent Financial for Lutherans owned about 0.18% of Napco Security Technologies as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC increased its stake in shares of 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 buying an additional 16,239 shares during the period. Natixis Advisors LLC bought a new position in shares of Napco Security Technologies during the second quarter valued at $6,141,000. Envestnet Asset Management Inc. lifted its holdings in shares of Napco Security Technologies by 35.6% during the second quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company's stock worth $20,019,000 after purchasing an additional 101,182 shares during the period. Copeland Capital Management LLC increased its holdings in Napco Security Technologies by 108.6% in the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company's stock valued at $42,003,000 after purchasing an additional 540,436 shares during the period. Finally, Kornitzer Capital Management Inc. KS raised its position in Napco Security Technologies by 426.5% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company's stock worth $9,629,000 after purchasing an additional 192,790 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NSSC shares. Needham & Company LLC upped their price target on Napco Security Technologies from $52.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, August 27th. Craig Hallum lowered their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. DA Davidson decreased their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Lake Street Capital decreased their price target on Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Finally, StockNews.com lowered Napco Security Technologies from a "hold" rating to a "sell" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $47.14.

Napco Security Technologies Stock Performance

Napco Security Technologies stock traded down $1.11 during mid-day trading on Wednesday, reaching $38.91. The stock had a trading volume of 296,323 shares, compared to its average volume of 453,698. Napco Security Technologies, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $58.09. The stock's 50-day simple moving average is $39.10 and its 200-day simple moving average is $46.24. The firm has a market capitalization of $1.43 billion, a PE ratio of 28.61 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS 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 business had revenue of $44.00 million for the quarter, compared to the consensus estimate of $46.56 million. During the same quarter last year, the firm posted $0.28 EPS. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts forecast that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be given a $0.125 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.50 annualized dividend and a yield of 1.29%. Napco Security Technologies's payout ratio is 36.76%.

Insider Buying and Selling at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the firm'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 of the company's stock, valued at $99,518.72. This trade represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.24% of the company's stock.

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.