Envestnet Asset Management Inc. Has $21.96 Million Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Envestnet Asset Management Inc. lifted its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 24.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 617,660 shares of the industrial products company's stock after purchasing an additional 121,113 shares during the quarter. Envestnet Asset Management Inc. owned about 1.68% of Napco Security Technologies worth $21,964,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Age Alpha Advisors LLC purchased a new position in Napco Security Technologies in the 4th quarter valued at approximately $32,000. Physician Wealth Advisors Inc. acquired a new position in Napco Security Technologies during the fourth quarter worth approximately $63,000. KBC Group NV grew its position in Napco Security Technologies by 83.8% during the 4th quarter. KBC Group NV now owns 2,049 shares of the industrial products company's stock worth $73,000 after purchasing an additional 934 shares during the last quarter. Huntington National Bank raised its stake in Napco Security Technologies by 31.4% during the 4th quarter. Huntington National Bank now owns 2,335 shares of the industrial products company's stock valued at $83,000 after acquiring an additional 558 shares during the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Napco Security Technologies during the fourth quarter worth approximately $86,000. Institutional investors and hedge funds own 85.07% of the company's stock.

Napco Security Technologies Stock Performance

Shares of NASDAQ NSSC traded down $0.44 during midday trading on Tuesday, reaching $21.64. The company's stock had a trading volume of 642,535 shares, compared to its average volume of 506,913. The company has a market cap of $787.72 million, a P/E ratio of 16.65 and a beta of 1.51. The business's 50 day moving average price is $23.83 and its two-hundred day moving average price is $32.51. Napco Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $58.09.

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Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $42.90 million for the quarter, compared to the consensus estimate of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company's revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. Sell-side analysts forecast that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently commented on NSSC. Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Needham & Company LLC reduced their target price on Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Friday, March 21st. 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. Craig Hallum lowered 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 note on Tuesday, February 4th. Finally, TD Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and lowered their price objective for the company from $46.00 to $27.00 in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $35.50.

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.