Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC cut its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 2.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 44,361 shares of the industrial products company’s stock after selling 1,322 shares during the period. Townsquare Capital LLC’s holdings in Napco Security Technologies were worth $1,795,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in 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 valued at $102,654,000 after purchasing an additional 102,010 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Napco Security Technologies by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,691 shares of the industrial products company’s stock valued at $872,000 after buying an additional 1,154 shares during the period. Comerica Bank grew its position in shares of Napco Security Technologies by 19.1% during the first quarter. Comerica Bank now owns 2,586 shares of the industrial products company’s stock worth $104,000 after buying an additional 415 shares in the last quarter. CWM LLC increased its stake in shares of Napco Security Technologies by 14.8% during the second quarter. CWM LLC now owns 2,761 shares of the industrial products company’s stock worth $143,000 after buying an additional 356 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its holdings in Napco Security Technologies by 14.5% in the second quarter. Linden Thomas Advisory Services LLC now owns 16,950 shares of the industrial products company’s stock valued at $881,000 after acquiring an additional 2,152 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Stock Performance

Napco Security Technologies stock opened at $39.23 on Monday. The company has a market capitalization of $1.44 billion, a P/E ratio of 28.85 and a beta of 1.64. Napco Security Technologies, Inc. has a fifty-two week low of $30.04 and a fifty-two week high of $58.09. The stock has a 50-day simple moving average of $39.03 and a 200-day simple moving average of $46.13.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data 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 firm had revenue of $44.00 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, analysts forecast that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies’s payout ratio is currently 36.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NSSC shares. TD Cowen dropped their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. DA Davidson cut their price target 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. Lake Street Capital lowered their price objective on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. StockNews.com lowered Napco Security Technologies from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Finally, Needham & Company LLC boosted their target price 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 given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Napco Security Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.14.

Insider Buying and Selling at Napco Security Technologies

In other 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 sale, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. This represents a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.