Rice Hall James & Associates LLC Sells 29,989 Shares of NAPCO Security Technologies, Inc. $NSSC

Rice Hall James & Associates LLC lowered its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 16.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 156,368 shares of the industrial products company’s stock after selling 29,989 shares during the period. Rice Hall James & Associates LLC owned approximately 0.44% of NAPCO Security Technologies worth $6,716,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Exchange Traded Concepts LLC bought a new stake in NAPCO Security Technologies during the third quarter worth $26,000. Quaker Wealth Management LLC grew its stake in shares of NAPCO Security Technologies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,050 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 2,100 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of NAPCO Security Technologies by 49.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 516 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of NAPCO Security Technologies during the first quarter valued at about $91,000. Finally, Raymond James Financial Inc. bought a new position in shares of NAPCO Security Technologies during the second quarter valued at about $130,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Stock Up 2.0%

NASDAQ NSSC opened at $42.76 on Friday. The company has a market cap of $1.52 billion, a PE ratio of 34.76 and a beta of 1.47. NAPCO Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $48.12. The firm’s 50-day simple moving average is $41.81 and its two-hundred day simple moving average is $37.26.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, November 3rd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The company 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 quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 earnings per share. As a group, equities research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

NAPCO Security Technologies Announces Dividend

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

Insider Activity

In related news, SVP Stephen M. Spinelli sold 19,000 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $40.25, for a total transaction of $764,750.00. Following the sale, the senior vice president owned 928 shares of the company’s stock, valued at approximately $37,352. This represents a 95.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NSSC shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Friday, October 31st. Wall Street Zen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Needham & Company LLC reiterated a “buy” rating and set a $47.00 price target on shares of NAPCO Security Technologies in a report on Thursday, November 20th. Zacks Research lowered NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, DA Davidson set a $50.00 price target on shares of NAPCO Security Technologies and gave the company a “buy” rating in a research report on Wednesday, September 24th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, NAPCO Security Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

About NAPCO Security Technologies

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.