US Bancorp DE Boosts Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

US Bancorp DE raised its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 9.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,329 shares of the industrial products company’s stock after acquiring an additional 443 shares during the quarter. US Bancorp DE’s holdings in Napco Security Technologies were worth $216,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Napco Security Technologies by 4.2% in the first quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock worth $102,654,000 after buying an additional 102,010 shares during the last quarter. Copeland Capital Management LLC boosted its stake in shares of Napco Security Technologies by 108.6% during the 3rd quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock worth $42,003,000 after acquiring an additional 540,436 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Napco Security Technologies during the 2nd quarter valued at $31,504,000. Emerald Advisers LLC increased its stake in shares of Napco Security Technologies by 118.3% in the 2nd quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company’s stock worth $25,382,000 after purchasing an additional 264,789 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in Napco Security Technologies by 170.8% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 399,936 shares of the industrial products company’s stock worth $20,777,000 after purchasing an additional 252,252 shares during the period. 85.07% of the stock is currently owned by institutional investors.

Insider Activity at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the company’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 sale, the director now directly owns 2,681 shares of the company’s stock, valued at $99,518.72. This represents a 20.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.24% of the stock is owned by corporate insiders.

Napco Security Technologies Price Performance

Napco Security Technologies stock opened at $36.91 on Friday. Napco Security Technologies, Inc. has a 1 year low of $27.38 and a 1 year high of $58.09. The firm’s 50 day moving average price is $39.04 and its 200-day moving average price is $46.51. The stock has a market cap of $1.35 billion, a P/E ratio of 27.14 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The company had revenue of $44.00 million during the quarter, compared to the consensus estimate of $46.56 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Napco Security Technologies, Inc. will post 1.49 EPS for the current year.

Napco Security Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on NSSC shares. Needham & Company LLC upped their price target 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. Craig Hallum decreased their target price on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. DA Davidson lowered their price target on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Lake Street Capital lowered their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.