Congress Asset Management Co. Sells 1,421 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Congress Asset Management Co. lessened its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,868 shares of the industrial products company’s stock after selling 1,421 shares during the quarter. Congress Asset Management Co. owned approximately 0.39% of Napco Security Technologies worth $5,821,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. AE Wealth Management LLC grew its position in shares of Napco Security Technologies by 3.8% in the 2nd quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company’s stock valued at $270,000 after buying an additional 189 shares during the last quarter. Epic Trust Investment Advisors LLC boosted its holdings in Napco Security Technologies by 3.0% in 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 acquiring an additional 279 shares during the last quarter. Quarry LP increased its position in Napco Security Technologies by 91.2% during the 2nd 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 increased its position in Napco Security Technologies by 14.8% during the 2nd 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 raised its holdings in Napco Security Technologies by 18.9% during the 3rd quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 400 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Needham & Company LLC upped their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. DA Davidson increased their price target on Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Finally, Lake Street Capital reissued a “buy” rating and issued a $60.00 price objective on shares of Napco Security Technologies in a research report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Napco Security Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $55.29.

Insider Transactions at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the transaction, the director now owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.54% of the stock is currently owned by insiders.

Napco Security Technologies Price Performance

Shares of Napco Security Technologies stock opened at $38.59 on Friday. The business has a 50-day simple moving average of $40.66 and a 200 day simple moving average of $46.78. Napco Security Technologies, Inc. has a one year low of $18.00 and a one year high of $58.09. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 28.80 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. The firm had revenue of $50.33 million during the quarter, compared to the consensus estimate of $50.18 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. On average, sell-side analysts expect that Napco Security Technologies, Inc. will post 1.85 EPS for the current year.

Napco Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were issued a dividend of $0.125 per share. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, September 12th. Napco Security Technologies’s dividend payout ratio (DPR) is currently 37.31%.

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.