Stifel Financial Corp Grows Stock Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Stifel Financial Corp grew its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 66.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,782 shares of the industrial products company’s stock after purchasing an additional 31,184 shares during the period. Stifel Financial Corp owned approximately 0.21% of Napco Security Technologies worth $3,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AE Wealth Management LLC grew its holdings in Napco Security Technologies by 3.8% in the 2nd quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company’s stock valued at $270,000 after buying an additional 189 shares in the last quarter. Quarry LP grew its holdings in shares of Napco Security Technologies by 91.2% in the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 312 shares during the period. Allworth Financial LP grew its holdings in shares of Napco Security Technologies by 18.9% in the third quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 400 shares during the period. KBC Group NV raised its stake in Napco Security Technologies by 61.4% during the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 424 shares during the period. Finally, US Bancorp DE boosted its holdings in Napco Security Technologies by 9.1% in the 3rd quarter. US Bancorp DE now owns 5,329 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 443 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Napco Security Technologies Price Performance

Shares of Napco Security Technologies stock opened at $37.18 on Wednesday. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 27.34 and a beta of 1.62. The business has a 50-day moving average of $38.80 and a 200 day moving average of $45.37. Napco Security Technologies, Inc. has a 12 month low of $31.27 and a 12 month high of $58.09.

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

Napco Security Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be issued a $0.125 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.34%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NSSC. TD Cowen cut their price target 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. Needham & Company LLC raised 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. Craig Hallum decreased their price target on 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. Lake Street Capital lowered their price target on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.14.

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.