Annex Advisory Services LLC Grows Stock Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Annex Advisory Services LLC lifted its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 316,171 shares of the industrial products company's stock after purchasing an additional 12,366 shares during the period. Annex Advisory Services LLC owned 0.86% of Napco Security Technologies worth $11,243,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans purchased a new stake in Napco Security Technologies in the third quarter worth about $2,644,000. State Street Corp lifted its holdings in Napco Security Technologies by 2.2% in the third quarter. State Street Corp now owns 783,327 shares of the industrial products company's stock worth $31,790,000 after buying an additional 16,931 shares during the period. XTX Topco Ltd purchased a new stake in Napco Security Technologies in the third quarter worth about $672,000. Barclays PLC lifted its holdings in Napco Security Technologies by 266.0% in the third quarter. Barclays PLC now owns 62,085 shares of the industrial products company's stock worth $2,511,000 after buying an additional 45,122 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Napco Security Technologies by 35.6% in the second quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company's stock worth $20,019,000 after buying an additional 101,182 shares during the period. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $52.00 target price on shares of Napco Security Technologies in a research note on Thursday. Lake Street Capital decreased their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. TD Cowen decreased their target price on shares of Napco Security Technologies from $60.00 to $46.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Craig Hallum decreased their target price on shares of Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Finally, DA Davidson decreased their target price on shares of Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Napco Security Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $46.43.

Napco Security Technologies Trading Up 0.4 %

NASDAQ:NSSC traded up $0.13 during trading hours on Monday, reaching $34.96. The company had a trading volume of 342,076 shares, compared to its average volume of 275,710. Napco Security Technologies, Inc. has a 52 week low of $31.77 and a 52 week high of $58.09. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 25.71 and a beta of 1.65. The firm's 50 day moving average price is $36.94 and its 200-day moving average price is $42.68.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). The business had revenue of $44.00 million for the quarter, compared to analysts' expectations of $46.56 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The company's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. On average, analysts forecast that Napco Security Technologies, Inc. will post 1.55 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Thursday, December 12th. Napco Security Technologies's dividend payout ratio is presently 36.76%.

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.