Hantz Financial Services Inc. Trims Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Hantz Financial Services Inc. decreased its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 4.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,697 shares of the industrial products company’s stock after selling 6,591 shares during the period. Hantz Financial Services Inc.’s holdings in Napco Security Technologies were worth $5,571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NSSC. Vanguard Group Inc. increased its holdings in Napco Security Technologies by 4.2% in the first quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock valued at $102,654,000 after buying an additional 102,010 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Napco Security Technologies by 5.6% in the first 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 period. Comerica Bank grew its position in shares of Napco Security Technologies by 19.1% in the first quarter. Comerica Bank now owns 2,586 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 415 shares during the period. CWM LLC grew its position in shares of Napco Security Technologies by 14.8% in 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, Linden Thomas Advisory Services LLC grew its position in shares of Napco Security Technologies by 14.5% in the second quarter. Linden Thomas Advisory Services LLC now owns 16,950 shares of the industrial products company’s stock valued at $881,000 after purchasing an additional 2,152 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Insider Buying and Selling

In related news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 2,681 shares of the company’s stock, valued at $99,518.72. This represents a 20.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NSSC. Needham & Company LLC boosted 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. DA Davidson lowered their price target 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. TD Cowen decreased their target price on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. StockNews.com lowered shares of Napco Security Technologies from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Finally, Lake Street Capital decreased their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.14.

Napco Security Technologies Stock Performance

Napco Security Technologies stock opened at $39.23 on Friday. The company’s 50 day simple moving average is $39.03 and its 200-day simple moving average is $46.14. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 28.85 and a beta of 1.64. Napco Security Technologies, Inc. has a 1 year low of $30.04 and a 1 year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results 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 company had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. Napco Security Technologies’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. Equities analysts expect that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The firm 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. This represents a $0.50 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies’s payout ratio is currently 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.