Intech Investment Management LLC Purchases New Shares in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Intech Investment Management LLC acquired a new stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,663 shares of the industrial products company’s stock, valued at approximately $634,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. raised its holdings in Napco Security Technologies by 109.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 579 shares during the last quarter. Premier Fund Managers Ltd raised its position in Napco Security Technologies by 44.3% in the third quarter. Premier Fund Managers Ltd now owns 13,082 shares of the industrial products company’s stock worth $535,000 after acquiring an additional 4,019 shares during the period. Quest Partners LLC grew its stake in shares of Napco Security Technologies by 234.6% during the 3rd quarter. Quest Partners LLC now owns 6,786 shares of the industrial products company’s stock worth $275,000 after acquiring an additional 4,758 shares during the period. Thrivent Financial for Lutherans bought a new stake in Napco Security Technologies during the 3rd quarter valued at $2,644,000. Finally, Dearborn Partners LLC bought a new stake in shares of Napco Security Technologies during the third quarter valued at about $430,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Price Performance

Shares of Napco Security Technologies stock opened at $39.23 on Friday. Napco Security Technologies, Inc. has a one year low of $30.04 and a one year high of $58.09. The business’s 50 day simple moving average is $39.03 and its two-hundred day simple moving average is $46.11. The stock has a market capitalization of $1.44 billion, a P/E ratio of 28.85 and a beta of 1.64.

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 the consensus estimate of $0.35 by ($0.05). The firm had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $46.56 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. Sell-side 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. Stockholders 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 dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio (DPR) is 36.76%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. DA Davidson dropped their price target 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. Craig Hallum decreased their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. StockNews.com lowered shares of Napco Security Technologies from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. TD Cowen reduced their target price on 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. Finally, Needham & Company LLC lifted their price target on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.14.

Insider Transactions at Napco Security Technologies

In other 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 directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. The trade was a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.24% of the stock is currently owned by company insiders.

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.