Rice Hall James & Associates LLC Trims Stock Position in NAPCO Security Technologies, Inc. $NSSC

Rice Hall James & Associates LLC cut its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 16.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,368 shares of the industrial products company’s stock after selling 29,989 shares during the quarter. Rice Hall James & Associates LLC’s holdings in NAPCO Security Technologies were worth $6,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its holdings in shares of NAPCO Security Technologies by 49.8% in the second quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 516 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of NAPCO Security Technologies during the 3rd quarter valued at about $26,000. Rhumbline Advisers increased its position in shares of NAPCO Security Technologies by 1.8% in the first quarter. Rhumbline Advisers now owns 50,446 shares of the industrial products company’s stock worth $1,161,000 after purchasing an additional 879 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in NAPCO Security Technologies by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock worth $481,000 after buying an additional 885 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of NAPCO Security Technologies by 7.7% in the 2nd quarter. Lazard Asset Management LLC now owns 13,425 shares of the industrial products company’s stock worth $398,000 after buying an additional 961 shares during the last quarter. 85.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NSSC. Wall Street Zen raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. TD Cowen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $43.00 to $50.00 in a research report on Tuesday, November 4th. Lake Street Capital restated a “buy” rating and issued a $50.00 target price (up previously from $39.00) on shares of NAPCO Security Technologies in a research report on Friday, October 10th. Needham & Company LLC reiterated a “buy” rating and set a $47.00 price target on shares of NAPCO Security Technologies in a research report on Thursday, November 20th. Finally, Mizuho set a $48.00 price target on shares of NAPCO Security Technologies and gave the stock an “outperform” rating in a research note on Friday, October 17th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.50.

Insider Buying and Selling

In other NAPCO Security Technologies news, SVP Stephen M. Spinelli sold 19,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $40.25, for a total value of $764,750.00. Following the completion of the sale, the senior vice president owned 928 shares in the company, valued at approximately $37,352. This trade represents a 95.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.65% of the stock is owned by insiders.

NAPCO Security Technologies Stock Up 2.0%

Shares of NASDAQ NSSC opened at $42.76 on Friday. The firm’s fifty day moving average is $41.81 and its 200 day moving average is $37.26. NAPCO Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $48.12. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 34.76 and a beta of 1.47.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, November 3rd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $49.17 million for the quarter, compared to analyst estimates of $46.81 million. NAPCO Security Technologies had a net margin of 23.76% and a return on equity of 26.09%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. Equities research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. NAPCO Security Technologies’s dividend payout ratio is presently 45.53%.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.