Russell Investments Group Ltd. Sells 50,594 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Russell Investments Group Ltd. reduced its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 34.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,895 shares of the industrial products company's stock after selling 50,594 shares during the quarter. Russell Investments Group Ltd. owned 0.26% of Napco Security Technologies worth $3,284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. RiverPark Advisors LLC increased its stake in Napco Security Technologies by 80.1% in the fourth quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 743 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Napco Security Technologies during the 3rd quarter valued at about $101,000. Allworth Financial LP lifted its position in Napco Security Technologies by 19.9% in the 4th quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company's stock worth $114,000 after buying an additional 550 shares during the last quarter. Wambolt & Associates LLC lifted its position in Napco Security Technologies by 54.2% in the 3rd quarter. Wambolt & Associates LLC now owns 9,745 shares of the industrial products company's stock worth $216,000 after buying an additional 3,427 shares during the last quarter. Finally, Tributary Capital Management LLC purchased a new stake in Napco Security Technologies in the fourth quarter worth approximately $221,000. Hedge funds and other institutional investors own 85.07% of the company's stock.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies news, CEO Richard Soloway sold 50,000 shares of the firm's stock in a transaction on Monday, April 8th. The stock was sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the completion of the transaction, the chief executive officer now owns 1,656,010 shares of the company's stock, valued at $67,482,407.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 328,000 shares of company stock worth $14,350,860 over the last ninety days. 11.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NSSC has been the topic of several research reports. B. Riley lifted their price target on shares of Napco Security Technologies from $36.00 to $45.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 7th. Needham & Company LLC boosted their price target on shares of Napco Security Technologies from $46.00 to $52.00 and gave the stock a "buy" rating in a research note on Tuesday, May 7th. StockNews.com cut Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 13th. Imperial Capital cut Napco Security Technologies from an "outperform" rating to an "in-line" rating and set a $45.00 price target on the stock. in a research note on Tuesday, February 6th. Finally, DA Davidson started coverage on shares of Napco Security Technologies in a report on Friday, April 26th. They set a "buy" rating and a $52.00 price target for the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Napco Security Technologies presently has a consensus rating of "Hold" and a consensus target price of $41.83.

Napco Security Technologies Price Performance

Napco Security Technologies stock traded up $0.02 during mid-day trading on Monday, reaching $44.42. 368,554 shares of the company traded hands, compared to its average volume of 361,202. Napco Security Technologies, Inc. has a 52-week low of $17.76 and a 52-week high of $46.41. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 35.24 and a beta of 1.51. The firm's 50 day moving average price is $41.00 and its 200 day moving average price is $36.24.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $49.30 million for the quarter, compared to analysts' expectations of $48.16 million. Napco Security Technologies had a net margin of 25.58% and a return on equity of 30.50%. Napco Security Technologies's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share. On average, sell-side analysts anticipate that Napco Security Technologies, Inc. will post 1.33 EPS for the current year.

Napco Security Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, June 3rd. Napco Security Technologies's payout ratio is presently 31.75%.

Napco Security Technologies Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.