Truist Financial Corp Sells 1,030 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Truist Financial Corp trimmed its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,389 shares of the industrial products company’s stock after selling 1,030 shares during the quarter. Truist Financial Corp owned 0.07% of Napco Security Technologies worth $1,267,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. AE Wealth Management LLC grew its holdings in Napco Security Technologies by 3.8% during the 2nd quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company’s stock worth $270,000 after acquiring an additional 189 shares during the last quarter. Epic Trust Investment Advisors LLC boosted its stake in shares of Napco Security Technologies by 3.0% in the 2nd quarter. Epic Trust Investment Advisors LLC now owns 9,678 shares of the industrial products company’s stock valued at $503,000 after purchasing an additional 279 shares during the last quarter. Quarry LP boosted its stake in shares of Napco Security Technologies by 91.2% in the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 312 shares during the last quarter. CWM LLC boosted its stake in shares of Napco Security Technologies by 14.8% in the 2nd quarter. CWM LLC now owns 2,761 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 356 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of Napco Security Technologies by 19.1% in the 1st quarter. Comerica Bank now owns 2,586 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 415 shares during the last quarter. 85.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NSSC has been the topic of a number of analyst reports. Needham & Company LLC upped their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Lake Street Capital reissued a “buy” rating and set a $60.00 target price on shares of Napco Security Technologies in a research note on Tuesday, September 17th. Finally, DA Davidson increased their target price on shares of Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.29.

Napco Security Technologies Trading Up 1.3 %

NSSC opened at $39.40 on Friday. The company’s fifty day moving average price is $44.53 and its two-hundred day moving average price is $46.81. Napco Security Technologies, Inc. has a 1-year low of $17.76 and a 1-year high of $58.09. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 31.27 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. The firm had revenue of $50.33 million for the quarter, compared to the consensus estimate of $50.18 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. As a group, equities 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 company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were issued a $0.125 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.27%. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.10. Napco Security Technologies’s dividend payout ratio is currently 39.68%.

Insider Activity

In other news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction dated Thursday, September 12th. The shares were 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 owns 2,681 shares in the company, valued at $99,518.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.54% of the stock is currently owned by corporate 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.