Meritage Portfolio Management Raises Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Meritage Portfolio Management lifted its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 11.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,694 shares of the industrial products company’s stock after buying an additional 795 shares during the period. Meritage Portfolio Management’s holdings in Napco Security Technologies were worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NSSC. Kornitzer Capital Management Inc. KS lifted its position in Napco Security Technologies by 426.5% during the third quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company’s stock valued at $9,629,000 after purchasing an additional 192,790 shares during the period. Olympiad Research LP lifted its holdings in Napco Security Technologies by 118.6% in the third quarter. Olympiad Research LP now owns 18,542 shares of the industrial products company’s stock valued at $750,000 after acquiring an additional 10,058 shares during the period. Emerald Advisers LLC boosted its position in Napco Security Technologies by 4.0% in the third quarter. Emerald Advisers LLC now owns 508,257 shares of the industrial products company’s stock worth $20,564,000 after purchasing an additional 19,674 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in shares of Napco Security Technologies by 3.5% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 414,013 shares of the industrial products company’s stock valued at $16,751,000 after purchasing an additional 14,077 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Napco Security Technologies by 72,300.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 723 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Insider Activity

In related news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction 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 sale, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.54% of the company’s stock.

Napco Security Technologies Trading Up 0.3 %

NASDAQ NSSC opened at $38.76 on Tuesday. The stock has a market cap of $1.42 billion, a PE ratio of 28.50 and a beta of 1.64. Napco Security Technologies, Inc. has a 12 month low of $25.26 and a 12 month high of $58.09. The stock’s 50 day moving average is $39.23 and its 200 day moving average is $46.69.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data 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 analysts’ expectations of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. On average, analysts forecast that Napco Security Technologies, Inc. will post 1.49 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.29%. Napco Security Technologies’s dividend payout ratio (DPR) is 36.76%.

Analysts Set New Price Targets

Several analysts recently issued reports on NSSC shares. Lake Street Capital cut their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. TD Cowen reduced their price objective on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC boosted their price target on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. StockNews.com downgraded Napco Security Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Finally, DA Davidson lowered their price objective on 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.14.

About Napco Security Technologies

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.