Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Acquired by Huntington National Bank

Huntington National Bank boosted its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 54.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,777 shares of the industrial products company’s stock after buying an additional 628 shares during the quarter. Huntington National Bank’s holdings in Napco Security Technologies were worth $72,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NSSC. Sei Investments Co. acquired a new position in shares of Napco Security Technologies in the 1st quarter worth $682,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Napco Security Technologies during the 1st quarter worth about $2,610,000. SG Americas Securities LLC lifted its stake in Napco Security Technologies by 250.8% during 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. Natixis Advisors LLC acquired a new position in shares of Napco Security Technologies in the second quarter worth about $6,141,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Napco Security Technologies by 35.6% in the second quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company’s stock worth $20,019,000 after acquiring an additional 101,182 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Stock Down 1.0 %

Shares of NSSC stock opened at $35.60 on Tuesday. The business’s 50 day moving average is $39.08 and its two-hundred day moving average is $46.55. The company has a market cap of $1.31 billion, a PE ratio of 26.18 and a beta of 1.64. Napco Security Technologies, Inc. has a 12 month low of $27.86 and a 12 month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share 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 for the quarter, compared to the consensus estimate of $46.56 million. During the same quarter in the previous year, the company earned $0.28 EPS. Napco Security Technologies’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Napco Security Technologies, Inc. will post 1.49 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

Insider Activity

In related news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the sale, the director now owns 2,681 shares of the company’s stock, valued at $99,518.72. The trade was a 20.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NSSC has been the subject of a number of recent analyst reports. TD Cowen decreased their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. DA Davidson decreased their target price on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Lake Street Capital decreased 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. Finally, Needham & Company LLC upped their target price on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Napco Security Technologies currently has an average 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.