Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Sold by Oak Ridge Investments LLC

Oak Ridge Investments LLC reduced its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,777 shares of the industrial products company’s stock after selling 2,870 shares during the quarter. Oak Ridge Investments LLC owned 0.24% of Napco Security Technologies worth $3,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sei Investments Co. purchased a new stake in shares of Napco Security Technologies during the 1st quarter worth approximately $682,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Napco Security Technologies in the first quarter valued at $2,610,000. SG Americas Securities LLC raised its stake in shares of Napco Security Technologies by 250.8% during the 2nd quarter. SG Americas Securities LLC now owns 22,714 shares of the industrial products company’s stock worth $1,180,000 after buying an additional 16,239 shares during the last quarter. Norden Group LLC purchased a new stake in shares of Napco Security Technologies in the 1st quarter worth about $565,000. Finally, Natixis Advisors LLC acquired a new stake in Napco Security Technologies in the 2nd quarter valued at about $6,141,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NSSC has been the topic of several recent research reports. DA Davidson upped their price target on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Needham & Company LLC upped their target price 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 reissued a “buy” rating and set a $60.00 price target on shares of Napco Security Technologies in a research report on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.29.

Napco Security Technologies Stock Performance

NSSC stock opened at $38.48 on Friday. The company has a 50 day moving average price of $40.99 and a two-hundred day moving average price of $46.84. The stock has a market capitalization of $1.41 billion, a P/E ratio of 28.72 and a beta of 1.64. Napco Security Technologies, Inc. has a one year low of $17.76 and a one year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 EPS 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 business had revenue of $50.33 million during the quarter, compared to the consensus estimate of $50.18 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. Research analysts forecast that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were given a $0.125 dividend. The ex-dividend date was Thursday, September 12th. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.30%. Napco Security Technologies’s dividend payout ratio (DPR) is currently 37.31%.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction that occurred on 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 owns 2,681 shares of the company’s stock, valued at $99,518.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.54% of the stock is owned by insiders.

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.