HighTower Advisors LLC Has $5.65 Million Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

HighTower Advisors LLC lifted its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,725 shares of the industrial products company’s stock after acquiring an additional 6,393 shares during the period. HighTower Advisors LLC’s holdings in Napco Security Technologies were worth $5,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Horizon Advisors Inc. increased its holdings in Napco Security Technologies by 810.3% in the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 470 shares in the last quarter. Quarry LP grew its position in shares of Napco Security Technologies by 91.2% during the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after buying an additional 312 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Napco Security Technologies by 72,300.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 723 shares in the last quarter. KBC Group NV lifted its position in shares of Napco Security Technologies by 61.4% during the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 424 shares during the period. Finally, Huntington National Bank lifted its position in shares of Napco Security Technologies by 54.7% during the 3rd quarter. Huntington National Bank now owns 1,777 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 628 shares during the period. 85.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NSSC shares. DA Davidson decreased their price target on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Craig Hallum decreased their target price on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Needham & Company LLC raised their price objective on 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, Lake Street Capital lowered their target price on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Napco Security Technologies currently has an average rating of “Moderate Buy” and an average price target of $47.14.

Napco Security Technologies Stock Up 0.7 %

NSSC stock opened at $38.62 on Wednesday. The firm has a market capitalization of $1.42 billion, a PE ratio of 28.40 and a beta of 1.62. Napco Security Technologies, Inc. has a twelve month low of $31.27 and a twelve month high of $58.09. The stock’s 50 day moving average is $38.86 and its 200-day moving average is $45.75.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $46.56 million. During the same period in the prior year, the firm earned $0.28 earnings per share. Napco Security Technologies’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

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

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the company’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. 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 through the SEC website. Company insiders own 5.24% of the company’s stock.

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.