Premier Fund Managers Ltd Boosts Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Premier Fund Managers Ltd boosted its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 44.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 13,082 shares of the industrial products company’s stock after purchasing an additional 4,019 shares during the quarter. Premier Fund Managers Ltd’s holdings in Napco Security Technologies were worth $535,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NSSC. Sei Investments Co. purchased a new stake in Napco Security Technologies during the 1st quarter worth approximately $682,000. ProShare Advisors LLC purchased a new stake in Napco Security Technologies during the 1st quarter worth approximately $240,000. Vanguard Group Inc. increased its holdings 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 worth $102,654,000 after purchasing an additional 102,010 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of Napco Security Technologies in the 1st quarter worth approximately $63,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Napco Security Technologies in the 1st quarter worth approximately $2,610,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction 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 sale, the director now owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. The trade was a 20.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.24% of the stock is owned by company insiders.

Napco Security Technologies Price Performance

NASDAQ:NSSC opened at $36.94 on Thursday. Napco Security Technologies, Inc. has a 12-month low of $28.25 and a 12-month high of $58.09. The firm has a market capitalization of $1.36 billion, a P/E ratio of 27.16 and a beta of 1.64. The business has a 50 day simple moving average of $39.08 and a 200 day simple moving average of $46.39.

Napco Security Technologies (NASDAQ:NSSC) last announced its 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). The business had revenue of $44.00 million for the quarter, compared to the consensus estimate of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. Research analysts anticipate that Napco Security Technologies, Inc. will post 1.49 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Lake Street Capital decreased their target price on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. DA Davidson decreased their target price 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. TD Cowen decreased their target price on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Craig Hallum decreased their target price on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Needham & Company LLC lifted their target price on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.14.

Napco Security Technologies 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.