Truvestments Capital LLC Buys 645 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Truvestments Capital LLC boosted its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 10.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,566 shares of the industrial products company’s stock after purchasing an additional 645 shares during the period. Truvestments Capital LLC’s holdings in Napco Security Technologies were worth $266,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. purchased a new stake in shares of Napco Security Technologies during the 1st quarter worth approximately $682,000. ProShare Advisors LLC purchased a new position in Napco Security Technologies in the first quarter valued at approximately $240,000. Vanguard Group Inc. grew its holdings in Napco Security Technologies by 4.2% during 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 purchasing an additional 102,010 shares during the period. Bessemer Group Inc. purchased a new stake in Napco Security Technologies in the first quarter worth $63,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Napco Security Technologies in the first quarter valued at $46,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Napco Security Technologies Trading Up 2.1 %

Shares of NASDAQ:NSSC opened at $40.06 on Tuesday. The company has a 50 day moving average of $39.09 and a 200 day moving average of $46.31. The stock has a market cap of $1.47 billion, a P/E ratio of 29.46 and a beta of 1.64. Napco Security Technologies, Inc. has a 12 month low of $28.25 and a 12 month 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 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The firm had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $46.56 million. During the same quarter last year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts forecast that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.25%. Napco Security Technologies’s dividend payout ratio is currently 36.76%.

Analyst Upgrades and Downgrades

NSSC has been the subject of several research reports. Needham & Company LLC increased their price target on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. DA Davidson cut their target price on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Lake Street Capital lowered 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 cut their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, StockNews.com cut shares of Napco Security Technologies from a “hold” rating to a “sell” rating in a report on Monday. One 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $47.14.

Insider Buying and Selling at 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 shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the transaction, the director now owns 2,681 shares of the company’s stock, valued at $99,518.72. The trade was a 20.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.24% of the company’s stock.

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.