BNP Paribas Financial Markets Sells 81,632 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

BNP Paribas Financial Markets reduced its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 67.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,963 shares of the industrial products company’s stock after selling 81,632 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.11% of Napco Security Technologies worth $1,386,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NSSC. Corient Private Wealth LLC lifted its holdings in Napco Security Technologies by 102.4% during the fourth quarter. Corient Private Wealth LLC now owns 18,104 shares of the industrial products company’s stock worth $644,000 after acquiring an additional 768,629 shares during the period. Wellington Management Group LLP bought a new stake in shares of Napco Security Technologies in the fourth quarter valued at $10,427,000. JPMorgan Chase & Co. raised its stake in shares of Napco Security Technologies by 318.6% in the fourth quarter. JPMorgan Chase & Co. now owns 283,812 shares of the industrial products company’s stock valued at $10,092,000 after buying an additional 216,017 shares during the period. Marshall Wace LLP raised its stake in shares of Napco Security Technologies by 122.9% in the fourth quarter. Marshall Wace LLP now owns 322,293 shares of the industrial products company’s stock valued at $11,461,000 after buying an additional 177,727 shares during the period. Finally, Copeland Capital Management LLC raised its stake in shares of Napco Security Technologies by 15.1% in the fourth quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company’s stock valued at $42,481,000 after buying an additional 156,495 shares during the period. 85.07% of the stock is currently owned by institutional investors.

Napco Security Technologies Stock Performance

NASDAQ:NSSC opened at $27.95 on Tuesday. Napco Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $58.09. The firm has a market cap of $996.59 million, a price-to-earnings ratio of 21.50 and a beta of 1.41. The business’s fifty day moving average is $23.51 and its 200 day moving average is $29.89.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company had revenue of $43.96 million for the quarter, compared to analyst estimates of $45.11 million. During the same period in the previous year, the company posted $0.37 EPS. The firm’s revenue for the quarter was down 10.8% compared to the same quarter last year. Equities analysts predict that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 12th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.00%. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, June 12th. Napco Security Technologies’s payout ratio is presently 45.90%.

Analyst Ratings Changes

NSSC has been the topic of several research reports. Needham & Company LLC lowered their target price on Napco Security Technologies from $37.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. 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 research note on Tuesday, February 4th. Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. TD Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating and lowered their target price for the company from $46.00 to $27.00 in a research note on Tuesday, February 4th. Finally, Lake Street Capital set a $26.00 target price on Napco Security Technologies in a research note on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Napco Security Technologies has an average rating of “Hold” and an average target price of $32.20.

About Napco Security Technologies

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.