SkyOak Wealth LLC Purchases New Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

SkyOak Wealth LLC bought a new stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,687 shares of the industrial products company's stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in Napco Security Technologies by 72,300.0% in the third quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company's stock worth $29,000 after purchasing an additional 723 shares during the period. Quarry LP boosted its holdings in Napco Security Technologies by 91.2% during the second quarter. Quarry LP now owns 654 shares of the industrial products company's stock worth $34,000 after purchasing an additional 312 shares during the last quarter. KBC Group NV increased its stake in shares of Napco Security Technologies by 61.4% during the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company's stock worth $45,000 after purchasing an additional 424 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Napco Security Technologies by 109.7% during the third quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company's stock worth $45,000 after acquiring an additional 579 shares during the period. Finally, Huntington National Bank raised its holdings in shares of Napco Security Technologies by 54.7% during the 3rd quarter. Huntington National Bank now owns 1,777 shares of the industrial products company's stock worth $72,000 after buying an additional 628 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Napco Security Technologies Stock Up 3.7 %

Shares of NASDAQ:NSSC traded up $0.94 during trading on Thursday, hitting $26.59. 906,121 shares of the stock traded hands, compared to its average volume of 644,472. Napco Security Technologies, Inc. has a 52-week low of $24.90 and a 52-week high of $58.09. The company has a fifty day moving average price of $35.67 and a two-hundred day moving average price of $40.79. The company has a market cap of $975.32 million, a price-to-earnings ratio of 19.55 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings results 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 26.43% and a return on equity of 29.56%. The firm had revenue of $42.90 million for the quarter, compared to analyst estimates of $49.93 million. During the same period in the previous year, the firm posted $0.34 EPS. The company's revenue was down 9.3% compared to the same quarter last year. On average, equities research analysts predict that Napco Security Technologies, Inc. will post 1.55 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.88%. Napco Security Technologies's dividend payout ratio (DPR) is presently 36.76%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NSSC shares. DA Davidson decreased their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. TD Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and decreased their price target for the stock from $46.00 to $27.00 in a research note on Tuesday. Lake Street Capital cut their price target on Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Needham & Company LLC dropped their price target on Napco Security Technologies from $52.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, StockNews.com raised shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $39.14.

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.