10,636 Shares in Napco Security Technologies, Inc. (NASDAQ:NSSC) Purchased by Dearborn Partners LLC

Dearborn Partners LLC bought a new stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,636 shares of the industrial products company’s stock, valued at approximately $430,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its stake in shares of Napco Security Technologies by 810.3% during the 2nd 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. Quarry LP boosted its position in Napco Security Technologies by 91.2% during the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 312 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Napco Security Technologies by 72,300.0% in the third quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 723 shares during the period. KBC Group NV increased its position in shares of Napco Security Technologies by 61.4% in the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock valued at $45,000 after buying an additional 424 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Napco Security Technologies during the 1st quarter worth approximately $46,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Napco Security Technologies Price Performance

Shares of NASDAQ:NSSC opened at $35.96 on Friday. Napco Security Technologies, Inc. has a 12 month low of $27.38 and a 12 month high of $58.09. The firm has a market capitalization of $1.32 billion, a P/E ratio of 26.44 and a beta of 1.64. The company’s fifty day moving average price is $39.08 and its 200 day moving average price is $46.46.

Napco Security Technologies (NASDAQ:NSSC) last announced its 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 return on equity of 29.56% and a net margin of 26.43%. The business had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $46.56 million. During the same quarter last year, the business posted $0.28 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Napco Security Technologies, Inc. will post 1.49 EPS for the current year.

Napco Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders 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 yield of 1.39%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio is presently 36.76%.

Insider Buying and Selling at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NSSC shares. Craig Hallum cut their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Lake Street Capital cut their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. DA Davidson decreased 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 research note on Tuesday, November 5th. Needham & Company LLC increased their target price on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Finally, TD Cowen lowered their price target 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Napco Security Technologies presently has an average 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.