Citigroup Inc. Sells 11,230 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Citigroup Inc. decreased its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSCFree Report) by 66.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,558 shares of the industrial products company’s stock after selling 11,230 shares during the quarter. Citigroup Inc.’s holdings in Napco Security Technologies were worth $124,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of Napco Security Technologies by 137.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 862 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 499 shares during the last quarter. Copeland Capital Management LLC bought a new stake in Napco Security Technologies during the 3rd quarter worth $28,000. Ensign Peak Advisors Inc bought a new stake in Napco Security Technologies during the 3rd quarter worth $42,000. West Tower Group LLC bought a new stake in Napco Security Technologies during the 2nd quarter worth $51,000. Finally, Great West Life Assurance Co. Can grew its position in Napco Security Technologies by 100.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,628 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 814 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Insider Buying and Selling

In related news, CEO Richard Soloway sold 28,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $45.12, for a total transaction of $1,263,360.00. Following the transaction, the chief executive officer now directly owns 3,706,010 shares of the company’s stock, valued at approximately $167,215,171.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Michael Carrieri sold 5,200 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $45.92, for a total transaction of $238,784.00. Following the transaction, the senior vice president now directly owns 14,232 shares of the company’s stock, valued at approximately $653,533.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard Soloway sold 28,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $45.12, for a total value of $1,263,360.00. Following the transaction, the chief executive officer now directly owns 3,706,010 shares in the company, valued at $167,215,171.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,200 shares of company stock valued at $1,950,144. 11.54% of the stock is owned by company insiders.

Napco Security Technologies Trading Down 0.2 %

Shares of NSSC opened at $40.16 on Friday. The company has a market capitalization of $1.48 billion, a PE ratio of 33.75 and a beta of 1.57. Napco Security Technologies, Inc. has a 12 month low of $17.76 and a 12 month high of $46.26. The stock’s 50-day moving average price is $40.94 and its two-hundred day moving average price is $32.01.

Napco Security Technologies (NASDAQ:NSSCGet Free Report) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $47.50 million for the quarter, compared to the consensus estimate of $43.92 million. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 EPS. Equities research analysts predict that Napco Security Technologies, Inc. will post 1.3 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were paid a dividend of $0.10 per share. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, February 29th. Napco Security Technologies’s dividend payout ratio is 33.61%.

Wall Street Analyst Weigh In

NSSC has been the topic of a number of research reports. Needham & Company LLC boosted their price objective on Napco Security Technologies from $36.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. StockNews.com lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, Imperial Capital lowered Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price objective on the stock. in a research report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Napco Security Technologies has a consensus rating of “Hold” and a consensus target price of $33.60.

Get Our Latest Research Report on Napco Security Technologies

Napco Security Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Napco Security Technologies (NASDAQ:NSSC)

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