Thrivent Financial for Lutherans Invests $2.64 Million in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Thrivent Financial for Lutherans bought a new stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) in the 3rd quarter, Holdings Channel.com reports. The firm bought 65,330 shares of the industrial products company’s stock, valued at approximately $2,644,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. AE Wealth Management LLC boosted its stake in shares of Napco Security Technologies by 3.8% during the second quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 189 shares during the period. Epic Trust Investment Advisors LLC boosted its position in Napco Security Technologies by 3.0% during the 2nd quarter. Epic Trust Investment Advisors LLC now owns 9,678 shares of the industrial products company’s stock valued at $503,000 after buying an additional 279 shares during the period. Quarry LP grew its holdings in Napco Security Technologies by 91.2% in the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 312 shares during the last quarter. CWM LLC increased 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 acquiring an additional 356 shares during the period. Finally, Allworth Financial LP raised its stake in shares of Napco Security Technologies by 18.9% during the third quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 400 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

Napco Security Technologies Trading Down 0.1 %

NSSC opened at $40.02 on Wednesday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 29.04 and a beta of 1.64. The stock has a fifty day simple moving average of $39.11 and a two-hundred day simple moving average of $46.27. 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 issued 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). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The business had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $46.56 million. During the same period last year, the business earned $0.28 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Napco Security Technologies, Inc. will post 1.49 EPS for the current year.

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be given 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 dividend yield of 1.25%. Napco Security Technologies’s dividend payout ratio is currently 36.76%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. 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 cut Napco Security Technologies from a “hold” rating to a “sell” rating in a research note on Monday. TD Cowen dropped their price target 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. DA Davidson reduced their price objective 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. Finally, Craig Hallum decreased 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Napco Security Technologies has a consensus rating of “Moderate Buy” and an average price target of $47.14.

Insider Buying and Selling

In related news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the transaction, the director now owns 2,681 shares in the company, valued at $99,518.72. The trade was a 20.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.24% of the stock is currently owned by company insiders.

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.