Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,010,696 shares of the industrial products company’s stock after purchasing an additional 51,661 shares during the period. Geode Capital Management LLC owned 2.76% of Napco Security Technologies worth $35,948,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NSSC. New Age Alpha Advisors LLC purchased a new stake in shares of Napco Security Technologies during the 4th quarter valued at about $32,000. Physician Wealth Advisors Inc. acquired a new position in Napco Security Technologies in the fourth quarter worth $63,000. KBC Group NV increased its stake in Napco Security Technologies by 83.8% during the fourth quarter. KBC Group NV now owns 2,049 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 934 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Napco Security Technologies during the fourth quarter valued at approximately $86,000. Finally, Farther Finance Advisors LLC lifted its stake in Napco Security Technologies by 290.9% in the fourth quarter. Farther Finance Advisors LLC now owns 2,830 shares of the industrial products company’s stock valued at $101,000 after buying an additional 2,106 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Stock Down 0.2 %

Napco Security Technologies stock opened at $21.60 on Thursday. Napco Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $58.09. The stock has a market cap of $786.26 million, a price-to-earnings ratio of 16.62 and a beta of 1.51. The business’s 50-day simple moving average is $23.74 and its 200 day simple moving average is $32.43.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The firm had revenue of $42.90 million for the quarter, compared to the consensus estimate of $49.93 million. During the same period in the prior year, the business earned $0.34 earnings per share. The company’s revenue for the quarter 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 EPS for the current year.

Napco Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Wednesday, March 12th. Napco Security Technologies’s payout ratio is currently 38.46%.

Wall Street Analyst Weigh In

NSSC has been the subject of several research analyst reports. Lake Street Capital cut their price objective on Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $46.00 to $27.00 in a research note on Tuesday, February 4th. Craig Hallum lowered Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a report on Tuesday, February 4th. Needham & Company LLC reduced their price objective on Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, Cowen cut 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.50.

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.