Rice Hall James & Associates LLC Sells 8,836 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Rice Hall James & Associates LLC reduced its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,431 shares of the industrial products company’s stock after selling 8,836 shares during the period. Rice Hall James & Associates LLC owned 0.53% of Napco Security Technologies worth $10,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NSSC. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Napco Security Technologies during the 2nd quarter valued at about $31,504,000. Wellington Management Group LLP grew its stake in Napco Security Technologies by 168.9% during the fourth quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock worth $23,672,000 after buying an additional 434,164 shares during the last quarter. F M Investments LLC acquired a new stake in shares of Napco Security Technologies during the second quarter worth approximately $15,109,000. Emerald Advisers LLC raised its stake in shares of Napco Security Technologies by 118.3% in the second quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company’s stock valued at $25,382,000 after acquiring an additional 264,789 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Napco Security Technologies by 170.8% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 399,936 shares of the industrial products company’s stock worth $20,777,000 after acquiring an additional 252,252 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. TD Cowen initiated coverage on Napco Security Technologies in a report on Tuesday, May 28th. They set a “buy” rating and a $60.00 price target for the company. Needham & Company LLC increased their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Craig Hallum restated a “buy” rating and issued a $65.00 price objective (up previously from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Lake Street Capital boosted their target price on shares of Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Finally, DA Davidson increased their price target on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $55.29.

Napco Security Technologies Trading Up 4.0 %

NASDAQ:NSSC opened at $36.57 on Wednesday. Napco Security Technologies, Inc. has a 1-year low of $17.76 and a 1-year high of $58.09. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 29.02 and a beta of 1.64. The business’s 50-day moving average price is $51.76 and its two-hundred day moving average price is $47.19.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. The business had revenue of $50.33 million for the quarter, compared to the consensus estimate of $50.18 million. During the same period last year, the company posted $0.28 EPS. Sell-side analysts predict that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current year.

Napco Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be issued a $0.125 dividend. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.37%. Napco Security Technologies’s payout ratio is 31.75%.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies news, SVP Stephen M. Spinelli sold 3,000 shares of Napco Security Technologies stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.13, for a total transaction of $156,390.00. Following the transaction, the senior vice president now directly owns 24,928 shares in the company, valued at $1,299,496.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 11.54% of the stock is owned by corporate insiders.

Napco Security Technologies Company Profile

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.