Isthmus Partners LLC Cuts Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Isthmus Partners LLC lessened its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 2.6% during the second quarter, Holdings Channel.com reports. The firm owned 112,205 shares of the industrial products company’s stock after selling 2,957 shares during the quarter. Napco Security Technologies comprises about 2.2% of Isthmus Partners LLC’s portfolio, making the stock its 18th largest holding. Isthmus Partners LLC’s holdings in Napco Security Technologies were worth $5,829,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in shares of Napco Security Technologies by 332.9% during the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock valued at $25,000 after buying an additional 566 shares during the last quarter. Hollencrest Capital Management purchased a new stake in shares of Napco Security Technologies during the first quarter valued at approximately $27,000. First Horizon Advisors Inc. grew its holdings in shares of Napco Security Technologies by 810.3% during the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $27,000 after buying an additional 470 shares during the last quarter. Whittier Trust Co. purchased a new stake in shares of Napco Security Technologies during the first quarter valued at approximately $28,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Napco Security Technologies during the first quarter valued at approximately $46,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NSSC. DA Davidson increased their price objective on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Craig Hallum restated a “buy” rating and set a $65.00 price objective (up previously from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Needham & Company LLC increased 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 report on Tuesday, August 27th. TD Cowen began coverage on shares of Napco Security Technologies in a research report on Tuesday, May 28th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Lake Street Capital increased their price objective on shares of Napco Security Technologies from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Three research 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.29.

Insider Activity at Napco Security Technologies

In related news, SVP Stephen M. Spinelli sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.13, for a total transaction of $156,390.00. Following the completion of the transaction, the senior vice president now directly owns 24,928 shares of the company’s stock, valued at $1,299,496.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.54% of the stock is currently owned by corporate insiders.

Napco Security Technologies Price Performance

Shares of NSSC stock traded down $0.27 on Friday, hitting $34.23. 2,489,860 shares of the stock traded hands, compared to its average volume of 444,447. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 27.17 and a beta of 1.64. Napco Security Technologies, Inc. has a 52 week low of $17.76 and a 52 week high of $58.09. The firm has a 50 day simple moving average of $52.11 and a two-hundred day simple moving average of $47.21.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $50.33 million for the quarter, compared to the consensus estimate of $50.18 million. Napco Security Technologies had a net margin of 26.38% and a return on equity of 31.52%. During the same period last year, the firm earned $0.28 EPS. Sell-side analysts forecast that Napco Security Technologies, Inc. will post 1.85 EPS for the current year.

Napco Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.46%. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, September 12th. Napco Security Technologies’s dividend payout ratio (DPR) is presently 39.68%.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.