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, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,361 shares of the industrial products company’s stock after selling 1,322 shares during the period. Townsquare Capital LLC owned approximately 0.12% of Napco Security Technologies worth $1,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of Napco Security Technologies by 250.8% in the second quarter. SG Americas Securities LLC now owns 22,714 shares of the industrial products company’s stock valued at $1,180,000 after buying an additional 16,239 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in Napco Security Technologies in the 3rd quarter worth $2,644,000. Natixis Advisors LLC acquired a new position in Napco Security Technologies during the second quarter worth $6,141,000. Envestnet Asset Management Inc. lifted its holdings in Napco Security Technologies by 35.6% during the second quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company’s stock valued at $20,019,000 after purchasing an additional 101,182 shares in the last quarter. Finally, Copeland Capital Management LLC grew its position in shares of Napco Security Technologies by 108.6% in the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock valued at $42,003,000 after purchasing an additional 540,436 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Insider Buying and Selling at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was 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 trade represents a 20.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NSSC. Craig Hallum decreased their price target 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. Needham & Company LLC raised their target price on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. StockNews.com cut Napco Security Technologies from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. DA Davidson decreased their price objective on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, TD Cowen dropped their target price on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Napco Security Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $47.14.

Napco Security Technologies Stock Up 0.8 %

Shares of NSSC opened at $39.23 on Monday. Napco Security Technologies, Inc. has a 52-week low of $30.04 and a 52-week high of $58.09. The stock has a fifty day simple moving average of $39.03 and a two-hundred day simple moving average of $46.13. The company has a market capitalization of $1.44 billion, a PE ratio of 28.85 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.30 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 firm had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $46.56 million. During the same period last year, the firm earned $0.28 earnings per share. Napco Security Technologies’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 1.27%. Napco Security Technologies’s payout ratio is 36.76%.

About Napco Security Technologies

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.