Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Bought by Fmr LLC

Fmr LLC increased its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 30.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,102,688 shares of the industrial products company’s stock after buying an additional 494,988 shares during the period. Fmr LLC owned about 5.73% of Napco Security Technologies worth $85,075,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Truvestments Capital LLC boosted its stake in Napco Security Technologies by 10.9% in the third quarter. Truvestments Capital LLC now owns 6,566 shares of the industrial products company’s stock valued at $266,000 after acquiring an additional 645 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Napco Security Technologies during the 3rd quarter valued at approximately $356,000. Algert Global LLC grew its stake in Napco Security Technologies by 731.3% during the 3rd quarter. Algert Global LLC now owns 118,799 shares of the industrial products company’s stock worth $4,807,000 after buying an additional 104,509 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Napco Security Technologies by 30.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 359,103 shares of the industrial products company’s stock worth $14,529,000 after buying an additional 83,871 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Napco Security Technologies in the third quarter valued at $634,000. Institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Stock Performance

NSSC opened at $39.96 on Friday. The stock’s fifty day moving average is $38.93 and its 200-day moving average is $45.98. Napco Security Technologies, Inc. has a one year low of $31.14 and a one year high of $58.09. The company has a market capitalization of $1.47 billion, a PE ratio of 29.38 and a beta of 1.62.

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

Napco Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders 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 annualized dividend and a yield of 1.25%. Napco Security Technologies’s dividend payout ratio (DPR) is 36.76%.

Analysts Set New Price Targets

NSSC has been the subject of several recent research reports. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC raised their price target 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. TD Cowen reduced their price objective on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. DA Davidson cut their target price on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Craig Hallum cut their price objective 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.14.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the sale, the director now directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. This represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.24% of the stock is owned by corporate 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.