HRT Financial LP bought a new position in Napco Security Technologies, Inc. (NASDAQ:NSSC – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,621 shares of the industrial products company’s stock, valued at approximately $319,000.
Other hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its position in shares of Napco Security Technologies by 99.7% during the 1st quarter. BlackRock Inc. now owns 1,854,790 shares of the industrial products company’s stock valued at $38,059,000 after purchasing an additional 925,876 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Napco Security Technologies by 104.9% during the 1st quarter. Vanguard Group Inc. now owns 1,635,449 shares of the industrial products company’s stock valued at $33,559,000 after purchasing an additional 837,472 shares during the last quarter. Wasatch Advisors Inc. increased its holdings in Napco Security Technologies by 80.4% in the 1st quarter. Wasatch Advisors Inc. now owns 1,619,409 shares of the industrial products company’s stock worth $33,230,000 after acquiring an additional 721,575 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Napco Security Technologies by 100.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,273,636 shares of the industrial products company’s stock worth $26,136,000 after acquiring an additional 638,478 shares in the last quarter. Finally, Redwood Investments LLC purchased a new stake in Napco Security Technologies in the 4th quarter worth approximately $9,346,000. Hedge funds and other institutional investors own 84.49% of the company’s stock.
Analyst Ratings Changes
Several research firms recently issued reports on NSSC. Needham & Company LLC increased their target price on shares of Napco Security Technologies from $34.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, February 13th. 22nd Century Group reissued a “reiterates” rating on shares of Napco Security Technologies in a report on Thursday, May 18th. 1-800-FLOWERS.COM reissued a “reiterates” rating on shares of Napco Security Technologies in a report on Tuesday, May 9th. StockNews.com assumed coverage on shares of Napco Security Technologies in a report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, William Blair assumed coverage on shares of Napco Security Technologies in a report on Wednesday, March 8th. They set an “outperform” rating for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Napco Security Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $39.40.
Napco Security Technologies Price Performance
Shares of NSSC opened at $37.97 on Wednesday. The firm has a market cap of $1.40 billion, a P/E ratio of 42.66 and a beta of 1.14. Napco Security Technologies, Inc. has a 1 year low of $18.78 and a 1 year high of $39.54. The company has a 50 day simple moving average of $34.41 and a two-hundred day simple moving average of $31.46.
Napco Security Technologies (NASDAQ:NSSC – Get Rating) last posted its earnings results on Monday, May 8th. The industrial products company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The firm had revenue of $43.53 million during the quarter, compared to the consensus estimate of $42.16 million. Napco Security Technologies had a return on equity of 26.33% and a net margin of 19.71%. During the same period in the prior year, the company earned $0.08 EPS. On average, sell-side analysts anticipate that Napco Security Technologies, Inc. will post 0.95 earnings per share for the current year.
Napco Security Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Monday, May 22nd will be given a $0.0625 dividend. The ex-dividend date is Friday, May 19th. This represents a $0.25 dividend on an annualized basis and a yield of 0.66%. Napco Security Technologies’s dividend payout ratio is presently 6.74%.
Napco Security Technologies Company Profile
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.
Further Reading
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