MetLife Investment Management LLC Lowers Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

MetLife Investment Management LLC lowered its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC – Get Rating) by 6.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 16,504 shares of the industrial products company’s stock after selling 1,192 shares during the period. MetLife Investment Management LLC’s holdings in Napco Security Technologies were worth $480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Great West Life Assurance Co. Can raised its position in Napco Security Technologies by 100.0% during the first quarter. Great West Life Assurance Co. Can now owns 1,628 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 814 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of Napco Security Technologies by 8.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 10,648 shares of the industrial products company’s stock worth $310,000 after purchasing an additional 867 shares during the period. Isthmus Partners LLC increased its holdings in shares of Napco Security Technologies by 0.8% during the 2nd quarter. Isthmus Partners LLC now owns 109,501 shares of the industrial products company’s stock valued at $2,255,000 after purchasing an additional 890 shares in the last quarter. Capital Impact Advisors LLC boosted its holdings in Napco Security Technologies by 2.3% during the second quarter. Capital Impact Advisors LLC now owns 44,860 shares of the industrial products company’s stock worth $924,000 after buying an additional 996 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in Napco Security Technologies by 100.0% during the first quarter. Ameritas Investment Partners Inc. now owns 2,090 shares of the industrial products company’s stock valued at $43,000 after buying an additional 1,045 shares during the period. Institutional investors and hedge funds own 84.49% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Kevin S. Buchel sold 87,500 shares of the stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $31.50, for a total value of $2,756,250.00. Following the completion of the sale, the executive vice president now directly owns 112,329 shares in the company, valued at $3,538,363.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Richard Soloway sold 2,012,500 shares of Napco Security Technologies stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $31.50, for a total transaction of $63,393,750.00. Following the transaction, the chief executive officer now owns 3,983,510 shares in the company, valued at $125,480,565. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kevin S. Buchel sold 87,500 shares of the business’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $31.50, for a total value of $2,756,250.00. Following the transaction, the executive vice president now directly owns 112,329 shares in the company, valued at approximately $3,538,363.50. The disclosure for this sale can be found here. Insiders have sold a total of 2,400,000 shares of company stock valued at $75,600,000 in the last 90 days. 21.50% of the stock is owned by insiders.

Napco Security Technologies Trading Up 1.4 %

NSSC stock opened at $32.25 on Friday. The business’s 50-day moving average is $29.90 and its 200 day moving average is $28.42. Napco Security Technologies, Inc. has a 12-month low of $15.60 and a 12-month high of $36.78. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 47.43 and a beta of 1.11.

Napco Security Technologies (NASDAQ:NSSC – Get Rating) last issued its quarterly earnings results on Monday, February 6th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. Napco Security Technologies had a return on equity of 21.50% and a net margin of 15.70%. The firm had revenue of $42.31 million for the quarter, compared to analyst estimates of $38.95 million. During the same period in the previous year, the company posted $0.03 earnings per share. As a group, equities analysts forecast that Napco Security Technologies, Inc. will post 0.86 EPS for the current fiscal year.

Analyst Ratings Changes

NSSC has been the topic of several recent analyst reports. B. Riley increased their target price on shares of Napco Security Technologies from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, February 8th. Lake Street Capital increased their price target on Napco Security Technologies from $32.00 to $40.00 in a research report on Tuesday, February 7th. Finally, Needham & Company LLC boosted their price objective on Napco Security Technologies from $34.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, February 13th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.40.

About Napco Security Technologies

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Napco Security Technologies, Inc engages in the development, manufacture, and distribution of security products. Its products include access control systems, door security products, intrusion and fire alarm systems, video surveillance products, and cellular communications services. The company was founded in 1969 and is headquartered in Amityville, NY.