Cynosure Group LLC Has $721,000 Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Cynosure Group LLC grew its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 155.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,809 shares of the industrial products company’s stock after purchasing an additional 10,827 shares during the quarter. Cynosure Group LLC’s holdings in Napco Security Technologies were worth $721,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Napco Security Technologies by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock worth $102,654,000 after acquiring an additional 102,010 shares during the period. Bessemer Group Inc. acquired a new position in shares of Napco Security Technologies during the 1st quarter worth about $63,000. Price T Rowe Associates Inc. MD boosted its stake in 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 worth $872,000 after acquiring an additional 1,154 shares during the last quarter. Comerica Bank increased its stake in 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 in the last quarter. Finally, CWM LLC raised its holdings in Napco Security Technologies by 14.8% in the second quarter. CWM LLC now owns 2,761 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 356 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Napco Security Technologies Stock Performance

NASDAQ NSSC opened at $40.02 on Wednesday. The stock has a market cap of $1.47 billion, a PE ratio of 29.43 and a beta of 1.64. Napco Security Technologies, Inc. has a 52-week low of $28.25 and a 52-week high of $58.09. The firm has a 50-day moving average of $39.11 and a 200-day moving average of $46.27.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $46.56 million. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. As a group, analysts predict that Napco Security Technologies, Inc. will post 1.49 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

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

Insiders Place Their Bets

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the transaction, the director now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on NSSC shares. StockNews.com downgraded Napco Security Technologies from a “hold” rating to a “sell” rating in a research note on Monday. TD Cowen lowered their target price 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 upped their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Craig Hallum lowered 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 research report on Tuesday, November 5th. Finally, Lake Street Capital reduced 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 note on Tuesday, November 5th. One research 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. Based on data from MarketBeat, Napco Security Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.14.

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.