Fmr LLC reduced its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC – Free Report) by 25.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,810,020 shares of the industrial products company’s stock after selling 622,490 shares during the quarter. Fmr LLC owned 4.93% of Napco Security Technologies worth $68,021,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of NSSC. Arizona State Retirement System increased its stake in shares of Napco Security Technologies by 3.8% in the 4th quarter. Arizona State Retirement System now owns 8,810 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 325 shares in the last quarter. Isthmus Partners LLC grew its holdings in Napco Security Technologies by 0.4% in the first quarter. Isthmus Partners LLC now owns 89,963 shares of the industrial products company’s stock valued at $3,381,000 after purchasing an additional 352 shares during the period. HighTower Advisors LLC increased its position in shares of Napco Security Technologies by 0.3% in the fourth quarter. HighTower Advisors LLC now owns 130,187 shares of the industrial products company’s stock valued at $3,576,000 after buying an additional 434 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Napco Security Technologies by 21.0% during the 1st quarter. Ameritas Investment Partners Inc. now owns 2,529 shares of the industrial products company’s stock worth $95,000 after buying an additional 439 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of Napco Security Technologies by 4.0% during the 4th quarter. Jane Street Group LLC now owns 11,926 shares of the industrial products company’s stock valued at $328,000 after buying an additional 458 shares in the last quarter. 87.65% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Needham & Company LLC upped their price objective on shares of Napco Security Technologies from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, August 30th. B. Riley restated a “neutral” rating and set a $24.00 price target on shares of Napco Security Technologies in a research report on Wednesday, August 30th. 22nd Century Group reiterated a “reiterates” rating on shares of Napco Security Technologies in a report on Thursday, May 18th. StockNews.com started coverage on Napco Security Technologies in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, William Blair downgraded Napco Security Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, August 21st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.60.
Napco Security Technologies Price Performance
Shares of Napco Security Technologies stock opened at $24.26 on Wednesday. Napco Security Technologies, Inc. has a 1-year low of $20.02 and a 1-year high of $41.25. The stock has a market cap of $892.04 million, a P/E ratio of 25.01 and a beta of 1.16. The stock’s 50 day simple moving average is $33.15 and its 200-day simple moving average is $34.07.
Napco Security Technologies (NASDAQ:NSSC – Get Free Report) last issued its earnings results on Tuesday, August 29th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Napco Security Technologies had a return on equity of 27.82% and a net margin of 21.33%. The company had revenue of $44.66 million during the quarter, compared to analysts’ expectations of $44.70 million. During the same period in the prior year, the business earned $0.20 EPS. As a group, research analysts expect that Napco Security Technologies, Inc. will post 1 EPS for the current fiscal year.
Napco Security Technologies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, August 31st. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a yield of 1.32%. Napco Security Technologies’s payout ratio is 32.99%.
About Napco Security Technologies
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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