Cwm LLC Grows Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Cwm LLC boosted its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 22.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,383 shares of the industrial products company’s stock after acquiring an additional 622 shares during the period. Cwm LLC’s holdings in Napco Security Technologies were worth $137,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. City Center Advisors LLC acquired a new stake in shares of Napco Security Technologies during the 3rd quarter worth $258,000. Quarry LP grew its stake 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 valued at $34,000 after acquiring an additional 312 shares in the last quarter. Capital Impact Advisors LLC purchased a new position in shares of Napco Security Technologies during the 2nd quarter valued at approximately $669,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Napco Security Technologies in the 2nd quarter worth about $213,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Napco Security Technologies by 6.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,501 shares of the industrial products company’s stock worth $961,000 after buying an additional 1,042 shares during the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Lake Street Capital reaffirmed a “buy” rating and set a $60.00 target price on shares of Napco Security Technologies in a report on Tuesday, September 17th. 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. Finally, DA Davidson raised their target price on shares of Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $55.29.

Insider Transactions 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 shares were 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 in the company, valued at approximately $99,518.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.54% of the stock is owned by insiders.

Napco Security Technologies Stock Performance

NASDAQ:NSSC opened at $38.98 on Friday. The company has a market capitalization of $1.44 billion, a P/E ratio of 29.09 and a beta of 1.64. The stock’s 50 day moving average price is $42.36 and its 200 day moving average price is $46.81. Napco Security Technologies, Inc. has a 52 week low of $17.76 and a 52 week 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, topping the consensus estimate of $0.35 by $0.01. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. The business had revenue of $50.33 million during the quarter, compared to analysts’ expectations of $50.18 million. During the same quarter in the previous year, the firm earned $0.28 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, September 12th. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.28%. Napco Security Technologies’s payout ratio is currently 37.31%.

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.