Moody Aldrich Partners LLC Purchases 7,241 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Moody Aldrich Partners LLC lifted its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 11.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,428 shares of the industrial products company’s stock after acquiring an additional 7,241 shares during the period. Moody Aldrich Partners LLC owned approximately 0.20% of Napco Security Technologies worth $2,930,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Napco Security Technologies by 34.0% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 43,670 shares of the industrial products company’s stock worth $1,767,000 after purchasing an additional 11,069 shares in the last quarter. Copeland Capital Management LLC boosted its position in shares of Napco Security Technologies by 108.6% during 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 last quarter. Laurus Investment Counsel Inc. increased its holdings in Napco Security Technologies by 40.2% in the 3rd quarter. Laurus Investment Counsel Inc. now owns 62,340 shares of the industrial products company’s stock worth $2,522,000 after buying an additional 17,880 shares in the last quarter. Harbour Capital Advisors LLC increased its holdings in Napco Security Technologies by 61.8% in the 3rd quarter. Harbour Capital Advisors LLC now owns 9,830 shares of the industrial products company’s stock worth $385,000 after buying an additional 3,755 shares in the last quarter. Finally, Creative Planning bought a new position in Napco Security Technologies during the 3rd quarter valued at about $370,000. Institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Stock Performance

Shares of Napco Security Technologies stock traded down $0.21 on Thursday, hitting $39.37. 27,589 shares of the company traded hands, compared to its average volume of 449,033. The stock has a market capitalization of $1.45 billion, a P/E ratio of 31.41 and a beta of 1.64. The business has a 50-day simple moving average of $42.72 and a 200 day simple moving average of $46.87. Napco Security Technologies, Inc. has a 52 week low of $17.76 and a 52 week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. The firm had revenue of $50.33 million during the quarter, compared to analyst estimates of $50.18 million. During the same quarter last year, the business posted $0.28 earnings per share. Research analysts expect that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current year.

Napco Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Thursday, September 12th. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. Napco Security Technologies’s payout ratio is currently 39.68%.

Insider Activity at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the sale, the director now directly owns 2,681 shares in the company, valued at $99,518.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 11.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on NSSC shares. Lake Street Capital reiterated a “buy” rating and issued a $60.00 price target on shares of Napco Security Technologies in a research note on Tuesday, September 17th. Needham & Company LLC boosted their target price 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, DA Davidson raised their price target on Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Napco Security Technologies has an average rating of “Moderate Buy” and an average target price of $55.29.

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.