Isthmus Partners LLC Cuts Stock Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Isthmus Partners LLC decreased its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 22.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 86,713 shares of the industrial products company’s stock after selling 25,492 shares during the period. Isthmus Partners LLC’s holdings in Napco Security Technologies were worth $3,508,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NSSC. AE Wealth Management LLC lifted its position in Napco Security Technologies by 3.8% during the second quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 189 shares during the period. Epic Trust Investment Advisors LLC lifted its position in Napco Security Technologies by 3.0% during the second quarter. Epic Trust Investment Advisors LLC now owns 9,678 shares of the industrial products company’s stock valued at $503,000 after purchasing an additional 279 shares during the period. Quarry LP lifted its position in Napco Security Technologies by 91.2% during 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. CWM LLC lifted its position in Napco Security Technologies by 14.8% during the second quarter. CWM LLC now owns 2,761 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 356 shares during the period. Finally, Allworth Financial LP lifted its position in Napco Security Technologies by 18.9% during 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. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Analysts Set New Price Targets

NSSC has been the topic of a number of research analyst reports. DA Davidson lowered their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Lake Street Capital decreased their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Craig Hallum decreased their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC increased their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Finally, StockNews.com downgraded shares of Napco Security Technologies from a “hold” rating to a “sell” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.14.

Insider Activity at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the firm’s stock in a transaction on 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 trade represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.24% of the stock is currently owned by corporate insiders.

Napco Security Technologies Price Performance

Shares of NASDAQ NSSC opened at $38.91 on Friday. The firm has a fifty day moving average price of $39.06 and a 200-day moving average price of $46.19. The stock has a market cap of $1.43 billion, a PE ratio of 28.61 and a beta of 1.64. Napco Security Technologies, Inc. has a 1 year low of $29.18 and a 1 year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced 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 firm had revenue of $44.00 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. On average, research analysts expect that Napco Security Technologies, Inc. will post 1.49 EPS 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 paid a dividend of $0.125 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.50 annualized dividend and a yield of 1.29%. Napco Security Technologies’s payout ratio is 36.76%.

Napco Security Technologies Company 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.