FIL Ltd Sells 312,957 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

FIL Ltd lessened its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 21.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,155,371 shares of the industrial products company's stock after selling 312,957 shares during the quarter. FIL Ltd owned approximately 3.15% of Napco Security Technologies worth $41,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NSSC. State Street Corp raised its stake in shares of 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 valued at $31,790,000 after buying an additional 16,931 shares during the period. XTX Topco Ltd purchased a new stake in Napco Security Technologies during the third quarter valued at about $672,000. Barclays PLC boosted its position in Napco Security Technologies by 266.0% during the third quarter. Barclays PLC now owns 62,085 shares of the industrial products company's stock worth $2,511,000 after purchasing an additional 45,122 shares during the period. Truist Financial Corp increased its stake in shares of Napco Security Technologies by 4.4% in the fourth quarter. Truist Financial Corp now owns 27,420 shares of the industrial products company's stock worth $975,000 after purchasing an additional 1,168 shares in the last quarter. Finally, Annex Advisory Services LLC raised its position in shares of Napco Security Technologies by 4.1% in the fourth quarter. Annex Advisory Services LLC now owns 316,171 shares of the industrial products company's stock valued at $11,243,000 after purchasing an additional 12,366 shares during the period. 85.07% of the stock is owned by institutional investors.

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Napco Security Technologies Trading Down 1.9 %

Shares of NASDAQ:NSSC traded down $0.41 on Tuesday, reaching $21.67. 137,553 shares of the company traded hands, compared to its average volume of 504,068. The business's 50-day simple moving average is $23.93 and its 200 day simple moving average is $32.58. The stock has a market capitalization of $788.74 million, a P/E ratio of 16.71 and a beta of 1.51. Napco Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $58.09.

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 analysts' consensus estimates of $0.34 by ($0.06). The business had revenue of $42.90 million for the quarter, compared to the consensus estimate of $49.93 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The company's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. Sell-side analysts expect that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Lake Street Capital lowered their target price on shares of Napco Security Technologies from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. TD Cowen cut Napco Security Technologies from a "buy" rating to a "hold" rating and reduced their price target for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Craig Hallum cut Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price objective on the stock. in a 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 report on Friday, March 21st. Finally, Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.