Arrowstreet Capital Limited Partnership Acquires 32,180 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Arrowstreet Capital Limited Partnership raised its position in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 128.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 57,212 shares of the industrial products company's stock after purchasing an additional 32,180 shares during the period. Arrowstreet Capital Limited Partnership owned 0.16% of Napco Security Technologies worth $2,034,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NSSC. Truvestments Capital LLC increased its stake in shares of Napco Security Technologies by 6.7% in the 4th quarter. Truvestments Capital LLC now owns 7,009 shares of the industrial products company's stock valued at $249,000 after acquiring an additional 443 shares in the last quarter. Isthmus Partners LLC increased its stake in Napco Security Technologies by 0.7% in the fourth quarter. Isthmus Partners LLC now owns 87,363 shares of the industrial products company's stock valued at $3,107,000 after purchasing an additional 650 shares in the last quarter. Bridge City Capital LLC raised its holdings in shares of Napco Security Technologies by 1.0% during the fourth quarter. Bridge City Capital LLC now owns 69,250 shares of the industrial products company's stock valued at $2,463,000 after purchasing an additional 667 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Napco Security Technologies during the 4th quarter worth about $32,000. Finally, Franklin Resources Inc. boosted its position in shares of Napco Security Technologies by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 19,961 shares of the industrial products company's stock worth $807,000 after purchasing an additional 915 shares in the last quarter. 85.07% of the stock is owned by institutional investors.

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Napco Security Technologies Trading Down 2.1 %

Shares of NSSC traded down $0.47 during trading hours on Tuesday, reaching $21.61. 101,370 shares of the stock traded hands, compared to its average volume of 503,904. Napco Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $58.09. The company has a market cap of $786.63 million, a price-to-earnings ratio of 16.62 and a beta of 1.51. The stock has a fifty day simple moving average of $23.93 and a 200 day simple moving average of $32.58.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.06). The business had revenue of $42.90 million during the quarter, compared to analysts' expectations of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. Napco Security Technologies's quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 EPS. Analysts predict that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Wednesday, March 12th. Napco Security Technologies's dividend payout ratio is presently 38.46%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NSSC. Needham & Company LLC cut their price target on Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Craig Hallum downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price target for the company. in a research report on Tuesday, February 4th. Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Lake Street Capital dropped their price objective on shares of Napco Security Technologies from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Finally, TD Cowen cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating and reduced their price objective for the company from $46.00 to $27.00 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. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $35.50.

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.