Janus Henderson Group PLC lessened its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 10.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 816,264 shares of the industrial products company's stock after selling 96,990 shares during the period. Janus Henderson Group PLC owned about 2.23% of Napco Security Technologies worth $33,025,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Napco Security Technologies by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,691 shares of the industrial products company's stock valued at $872,000 after purchasing an additional 1,154 shares during the last quarter. Comerica Bank grew its stake in shares of Napco Security Technologies by 19.1% during the first quarter. Comerica Bank now owns 2,586 shares of the industrial products company's stock worth $104,000 after buying an additional 415 shares during the last quarter. CWM LLC increased its holdings in shares of Napco Security Technologies by 14.8% during the second quarter. CWM LLC now owns 2,761 shares of the industrial products company's stock worth $143,000 after buying an additional 356 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of 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 worth $1,180,000 after buying an additional 16,239 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Napco Security Technologies in the 2nd quarter valued at $302,000. Institutional investors and hedge funds own 85.07% of the company's stock.
NSSC has been the subject of a number of recent research reports. Lake Street Capital lowered their target price on Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Craig Hallum lowered their price objective on Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. DA Davidson cut their target price 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. StockNews.com upgraded shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, Needham & Company LLC raised their price target 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Napco Security Technologies has a consensus rating of "Moderate Buy" and an average price target of $47.14.
Get Our Latest Stock Analysis on Napco Security Technologies
In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 2,681 shares of the company's stock, valued at approximately $99,518.72. The trade was a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.24% of the stock is owned by corporate insiders.
Napco Security Technologies stock opened at $39.64 on Friday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 29.15 and a beta of 1.62. Napco Security Technologies, Inc. has a 52-week low of $31.14 and a 52-week high of $58.09. The firm has a 50 day moving average price of $38.91 and a two-hundred day moving average price of $45.92.
Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.05). The firm 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%. Napco Security Technologies's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. As a group, equities research analysts predict that Napco Security Technologies, Inc. will post 1.49 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies's dividend payout ratio is 36.76%.
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.
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