Isthmus Partners LLC Has $3.51 Million Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Isthmus Partners LLC lowered its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 22.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,713 shares of the industrial products company’s stock after selling 25,492 shares during the quarter. Isthmus Partners LLC owned about 0.24% of Napco Security Technologies worth $3,508,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NSSC. First Horizon Advisors Inc. lifted its stake in Napco Security Technologies by 810.3% during the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 470 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Napco Security Technologies by 72,300.0% during the third quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 723 shares during the last quarter. Quarry LP lifted its stake 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 during the last quarter. KBC Group NV lifted 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 last quarter. Finally, Huntington National Bank lifted its stake in Napco Security Technologies by 54.7% during the third quarter. Huntington National Bank now owns 1,777 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 628 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NSSC. Lake Street Capital dropped their price target on 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. StockNews.com downgraded Napco Security Technologies from a “hold” rating to a “sell” rating in a report on Monday. TD Cowen decreased their price target on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Craig Hallum decreased their price target on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Needham & Company LLC increased their price target on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. One research 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. Based on data from MarketBeat.com, Napco Security Technologies has an average rating of “Moderate Buy” and an average target price of $47.14.

Napco Security Technologies Stock Performance

NASDAQ NSSC opened at $38.91 on Friday. Napco Security Technologies, Inc. has a 52-week low of $29.18 and a 52-week high of $58.09. The company has a market capitalization of $1.43 billion, a P/E ratio of 28.61 and a beta of 1.64. The company has a fifty day moving average of $39.06 and a 200-day moving average of $46.19.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data 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). The company had revenue of $44.00 million for the quarter, compared to the consensus estimate of $46.56 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share. As a group, analysts forecast that Napco Security Technologies, Inc. will post 1.49 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio is presently 36.76%.

Insiders Place Their Bets

In other news, Director Paul Stephen Beeber sold 708 shares of the company’s 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 approximately $99,518.72. This represents a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.24% of the stock is currently owned by 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.