Raymond James Financial Inc. Buys New Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Raymond James Financial Inc. purchased a new stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,192 shares of the industrial products company’s stock, valued at approximately $220,000.

Other hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its position in shares of Napco Security Technologies by 66.9% in the third quarter. Stifel Financial Corp now owns 77,782 shares of the industrial products company’s stock worth $3,147,000 after buying an additional 31,184 shares during the period. State Street Corp lifted its position in Napco Security Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock worth $31,790,000 after acquiring an additional 16,931 shares in the last quarter. XTX Topco Ltd purchased a new position in Napco Security Technologies in the 3rd quarter worth approximately $672,000. Barclays PLC grew its position in Napco Security Technologies by 266.0% in the third quarter. Barclays PLC now owns 62,085 shares of the industrial products company’s stock valued at $2,511,000 after acquiring an additional 45,122 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Napco Security Technologies by 14.3% in the third quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company’s stock valued at $38,809,000 after acquiring an additional 120,304 shares in the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Craig Hallum cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a research report on Tuesday, February 4th. Lake Street Capital cut their price objective on shares of Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Needham & Company LLC lowered their target price on Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, March 21st. TD Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Finally, Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.50.

Napco Security Technologies Stock Performance

NSSC opened at $21.59 on Friday. The company has a market capitalization of $785.90 million, a P/E ratio of 16.61 and a beta of 1.51. The company has a 50-day moving average of $24.00 and a 200-day moving average of $32.77. Napco Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.06). Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The firm had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. During the same period in the prior year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was down 9.3% compared to the same quarter last year. As a group, sell-side analysts expect that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio is currently 38.46%.

Napco Security Technologies Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.