LPL Financial LLC Sells 756 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

LPL Financial LLC decreased its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 2.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 34,292 shares of the industrial products company’s stock after selling 756 shares during the period. LPL Financial LLC owned 0.09% of Napco Security Technologies worth $1,219,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Corient Private Wealth LLC raised its holdings in Napco Security Technologies by 102.4% in the 4th quarter. Corient Private Wealth LLC now owns 18,104 shares of the industrial products company’s stock valued at $644,000 after acquiring an additional 768,629 shares in the last quarter. Copeland Capital Management LLC grew its holdings in Napco Security Technologies by 15.1% during the 4th quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company’s stock worth $42,481,000 after acquiring an additional 156,495 shares during the period. Congress Asset Management Co. raised its position in shares of Napco Security Technologies by 94.4% in the 4th quarter. Congress Asset Management Co. now owns 279,670 shares of the industrial products company’s stock worth $9,945,000 after acquiring an additional 135,802 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Napco Security Technologies by 14.3% during the 3rd quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company’s stock valued at $38,809,000 after purchasing an additional 120,304 shares in the last quarter. Finally, Stanley Laman Group Ltd. bought a new position in shares of Napco Security Technologies during the 4th quarter worth approximately $3,712,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Napco Security Technologies Stock Performance

Shares of Napco Security Technologies stock opened at $21.69 on Friday. The stock has a market capitalization of $789.54 million, a P/E ratio of 16.68 and a beta of 1.51. Napco Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $58.09. The stock’s 50-day simple moving average is $23.66 and its 200 day simple moving average is $32.30.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $42.90 million for the quarter, compared to analysts’ expectations of $49.93 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. Equities research analysts forecast that Napco Security Technologies, Inc. will post 1.24 EPS 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. Stockholders of record on Wednesday, March 12th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.50 annualized dividend and a dividend yield of 2.31%. Napco Security Technologies’s payout ratio is currently 38.46%.

Wall Street Analyst Weigh In

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

Napco Security Technologies Company 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.