Navellier & Associates Inc. Trims Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Navellier & Associates Inc. trimmed its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 15.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,043 shares of the industrial products company’s stock after selling 8,764 shares during the period. Navellier & Associates Inc. owned about 0.13% of Napco Security Technologies worth $1,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NSSC. First Horizon Advisors Inc. boosted its holdings in shares of Napco Security Technologies by 810.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $27,000 after buying an additional 470 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Napco Security Technologies by 72,300.0% in the third quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 723 shares during the last quarter. Quarry LP increased its position in shares of Napco Security Technologies by 91.2% during the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 312 shares in the last quarter. KBC Group NV lifted its holdings 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 purchasing an additional 424 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Napco Security Technologies in the 1st quarter worth $46,000. 85.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. DA Davidson reduced their target price on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Needham & Company LLC boosted their target price on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Lake Street Capital cut their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Craig Hallum reduced their price objective on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Napco Security Technologies has an average rating of “Moderate Buy” and an average target price of $47.14.

Napco Security Technologies Stock Performance

Shares of Napco Security Technologies stock opened at $36.94 on Thursday. Napco Security Technologies, Inc. has a fifty-two week low of $28.25 and a fifty-two week high of $58.09. The company has a market cap of $1.35 billion, a P/E ratio of 27.16 and a beta of 1.64. The firm has a 50-day simple moving average of $39.08 and a two-hundred day simple moving average of $46.39.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results 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). The company had revenue of $44.00 million during the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. Napco Security Technologies’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS. Equities research analysts forecast that Napco Security Technologies, Inc. will post 1.49 EPS for the current year.

Napco Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.125 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.35%. Napco Security Technologies’s dividend payout ratio is presently 36.76%.

Insider Transactions 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 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 of the company’s stock, valued at approximately $99,518.72. This trade represents a 20.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.24% of the company’s stock.

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.