Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 18.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 348,430 shares of the industrial products company’s stock after selling 79,000 shares during the quarter. Royce & Associates LP’s holdings in Napco Security Technologies were worth $14,097,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Napco Security Technologies in the 2nd quarter worth $31,504,000. Copeland Capital Management LLC boosted its holdings in 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 worth $42,003,000 after buying an additional 540,436 shares in the last quarter. F M Investments LLC acquired a new position in Napco Security Technologies in the second quarter worth approximately $15,109,000. Emerald Advisers LLC increased its holdings in shares of Napco Security Technologies by 118.3% in the second quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company’s stock valued at $25,382,000 after buying an additional 264,789 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its position in shares of Napco Security Technologies by 170.8% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 399,936 shares of the industrial products company’s stock worth $20,777,000 after purchasing an additional 252,252 shares during the period. 85.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 2,681 shares in the company, valued at approximately $99,518.72. The trade was a 20.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.24% of the company’s stock.

Analysts Set New Price Targets

NSSC has been the subject of several recent analyst reports. Needham & Company LLC raised their target price on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. DA Davidson decreased their price objective 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. TD Cowen cut their target price on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Lake Street Capital dropped their price target 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.14.

Napco Security Technologies Stock Down 2.6 %

Napco Security Technologies stock opened at $35.96 on Friday. Napco Security Technologies, Inc. has a 12 month low of $27.38 and a 12 month high of $58.09. The stock has a market cap of $1.32 billion, a P/E ratio of 26.44 and a beta of 1.64. The company’s fifty day simple moving average is $39.08 and its 200-day simple moving average is $46.50.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $46.56 million. During the same quarter last year, the firm earned $0.28 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts expect 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. Investors of record on Thursday, December 12th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.39%. Napco Security Technologies’s dividend payout ratio is currently 36.76%.

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.