Charles Schwab Investment Management Inc. Increases Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Charles Schwab Investment Management Inc. grew its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 375,551 shares of the industrial products company's stock after purchasing an additional 16,448 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.02% of Napco Security Technologies worth $13,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NSSC. Bank of New York Mellon Corp grew its stake in Napco Security Technologies by 13.0% in the fourth quarter. Bank of New York Mellon Corp now owns 201,846 shares of the industrial products company's stock valued at $7,178,000 after purchasing an additional 23,149 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Napco Security Technologies during the 4th quarter worth approximately $488,000. Arcadia Investment Management Corp MI purchased a new stake in Napco Security Technologies during the fourth quarter valued at approximately $86,000. Rice Hall James & Associates LLC boosted its stake in Napco Security Technologies by 23.4% in the fourth quarter. Rice Hall James & Associates LLC now owns 196,472 shares of the industrial products company's stock valued at $6,987,000 after acquiring an additional 37,262 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its holdings in Napco Security Technologies by 15.5% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 274,970 shares of the industrial products company's stock worth $9,778,000 after purchasing an additional 36,975 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

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Napco Security Technologies Trading Down 1.4 %

Shares of NSSC stock traded down $0.35 during trading hours on Tuesday, hitting $24.27. The company's stock had a trading volume of 615,537 shares, compared to its average volume of 457,741. The company has a 50 day moving average of $28.02 and a 200 day moving average of $34.59. Napco Security Technologies, Inc. has a 12-month low of $23.00 and a 12-month high of $58.09. The stock has a market cap of $883.45 million, a PE ratio of 18.67 and a beta of 1.59.

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). The company had revenue of $42.90 million for the quarter, compared to analyst estimates 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 revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. As a group, analysts anticipate that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently declared 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 2.06%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies's payout ratio is presently 38.46%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. TD Cowen cut 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. StockNews.com upgraded Napco Security Technologies from a "sell" rating to a "hold" rating in a research note on Tuesday, December 3rd. Lake Street Capital decreased their price objective on shares of Napco Security Technologies from $30.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday. Needham & Company LLC dropped their target price on shares of Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Cowen cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Napco Security Technologies presently 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.