Napco Security Technologies, Inc. (NASDAQ:NSSC) Stake Lifted by Quest Partners LLC

Quest Partners LLC lifted its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 234.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,786 shares of the industrial products company’s stock after acquiring an additional 4,758 shares during the quarter. Quest Partners LLC’s holdings in Napco Security Technologies were worth $275,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSSC. Vanguard Group Inc. boosted its stake in Napco Security Technologies by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock valued at $102,654,000 after purchasing an additional 102,010 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in shares of 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 buying an additional 540,436 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in Napco Security Technologies during the second quarter valued at about $31,504,000. Emerald Advisers LLC grew its holdings in Napco Security Technologies by 4.0% during the third quarter. Emerald Advisers LLC now owns 508,257 shares of the industrial products company’s stock worth $20,564,000 after acquiring an additional 19,674 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in Napco Security Technologies by 3.5% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 414,013 shares of the industrial products company’s stock worth $16,751,000 after acquiring an additional 14,077 shares during the period. Institutional investors own 85.07% of the company’s stock.

Insider Activity at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the sale, the director now directly owns 2,681 shares in the company, valued at approximately $99,518.72. This trade represents a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.24% of the stock is currently owned by insiders.

Napco Security Technologies Stock Down 0.1 %

Shares of NASDAQ:NSSC opened at $40.02 on Wednesday. The company’s fifty day moving average is $39.11 and its two-hundred day moving average is $46.27. The company has a market cap of $1.47 billion, a P/E ratio of 29.43 and a beta of 1.64. Napco Security Technologies, Inc. has a 12-month low of $28.25 and a 12-month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last posted 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 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 analyst estimates of $46.56 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts anticipate that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio is currently 36.76%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NSSC shares. Needham & Company LLC raised their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. StockNews.com cut shares of Napco Security Technologies from a “hold” rating to a “sell” rating in a report on Monday. Craig Hallum decreased their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. DA Davidson cut their price objective on 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. Finally, TD Cowen decreased their target price on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.14.

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.