6,368 Shares in Napco Security Technologies, Inc. (NASDAQ:NSSC) Acquired by City Center Advisors LLC

City Center Advisors LLC acquired a new stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,368 shares of the industrial products company’s stock, valued at approximately $258,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. raised its stake in Napco Security Technologies by 810.3% in the second 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. Quarry LP boosted its holdings in Napco Security Technologies by 91.2% in the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 312 shares in the last quarter. Hollencrest Capital Management purchased a new position in Napco Security Technologies in the first quarter valued at approximately $27,000. Whittier Trust Co. purchased a new stake in shares of Napco Security Technologies during the 1st quarter worth approximately $28,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Napco Security Technologies in the 1st quarter valued at $46,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Trading Down 0.2 %

Shares of NSSC stock opened at $38.53 on Tuesday. The company has a market capitalization of $1.42 billion, a P/E ratio of 30.58 and a beta of 1.64. The business’s 50 day moving average is $45.74 and its two-hundred day moving average is $46.87. Napco Security Technologies, Inc. has a twelve month low of $17.76 and a twelve month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last posted 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. The firm had revenue of $50.33 million for the quarter, compared to analyst estimates of $50.18 million. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. During the same period last year, the firm posted $0.28 EPS. As a group, equities analysts predict that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were issued a dividend of $0.125 per share. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 1.30%. The ex-dividend date was Thursday, September 12th. Napco Security Technologies’s dividend payout ratio is currently 39.68%.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies 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 transaction of $26,280.96. Following the transaction, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NSSC shares. Lake Street Capital reiterated a “buy” rating and set a $60.00 target price on shares of Napco Security Technologies in a research report on Tuesday, September 17th. DA Davidson boosted their price objective on Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Finally, 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 research report on Tuesday, August 27th. Three investment 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.29.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.