abrdn plc Reduces Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

abrdn plc cut its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 49.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 335,363 shares of the industrial products company's stock after selling 334,649 shares during the period. abrdn plc owned about 0.91% of Napco Security Technologies worth $11,926,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NSSC. Copeland Capital Management LLC raised its position in Napco Security Technologies by 108.6% during the 3rd quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company's stock worth $42,003,000 after buying an additional 540,436 shares during the last quarter. FMR LLC grew its stake in Napco Security Technologies by 30.8% in the 3rd quarter. FMR LLC now owns 2,102,688 shares of the industrial products company's stock valued at $85,075,000 after acquiring an additional 494,988 shares during the period. Kornitzer Capital Management Inc. KS grew its stake in Napco Security Technologies by 426.5% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company's stock valued at $9,629,000 after acquiring an additional 192,790 shares during the period. Rockefeller Capital Management L.P. grew its stake in Napco Security Technologies by 74.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 300,901 shares of the industrial products company's stock valued at $12,174,000 after acquiring an additional 128,316 shares during the period. Finally, Geode Capital Management LLC boosted its stake in 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 worth $38,809,000 after purchasing an additional 120,304 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on NSSC. StockNews.com upgraded Napco Security Technologies from a "sell" rating to a "hold" rating in a report on Tuesday, December 3rd. Lake Street Capital cut their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Craig Hallum lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price target on the stock. in a research note on Tuesday, February 4th. Needham & Company LLC lowered their price objective on Napco Security Technologies from $52.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Finally, TD Cowen downgraded Napco Security Technologies from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $38.17.

Napco Security Technologies Price Performance

Shares of NSSC stock traded down $0.20 during trading hours on Tuesday, hitting $25.84. The stock had a trading volume of 635,977 shares, compared to its average volume of 657,025. Napco Security Technologies, Inc. has a twelve month low of $24.90 and a twelve month high of $58.09. The stock's 50 day moving average is $34.84 and its 200 day moving average is $39.96. The firm has a market capitalization of $947.81 million, a PE ratio of 19.88 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate 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 company had revenue of $42.90 million for the quarter, compared to analysts' expectations of $49.93 million. During the same quarter last year, the company earned $0.34 EPS. Napco Security Technologies's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, equities analysts predict that Napco Security Technologies, Inc. will post 1.55 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, March 12th. Napco Security Technologies's dividend payout ratio (DPR) 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.