Marshall Wace LLP Increases Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Marshall Wace LLP grew its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 122.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 322,293 shares of the industrial products company's stock after acquiring an additional 177,727 shares during the quarter. Marshall Wace LLP owned about 0.88% of Napco Security Technologies worth $11,461,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NSSC. Wasatch Advisors LP lifted its position in Napco Security Technologies by 40.5% during the fourth quarter. Wasatch Advisors LP now owns 414,560 shares of the industrial products company's stock valued at $14,742,000 after purchasing an additional 119,599 shares during the last quarter. United Capital Financial Advisors LLC purchased a new stake in shares of Napco Security Technologies during the 4th quarter valued at $3,766,000. Barclays PLC lifted its holdings in shares of Napco Security Technologies by 4.9% during the 4th quarter. Barclays PLC now owns 65,145 shares of the industrial products company's stock worth $2,316,000 after acquiring an additional 3,060 shares during the last quarter. Townsquare Capital LLC grew its position in Napco Security Technologies by 50.7% in the fourth quarter. Townsquare Capital LLC now owns 66,859 shares of the industrial products company's stock worth $2,378,000 after acquiring an additional 22,498 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in Napco Security Technologies by 15.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 345,966 shares of the industrial products company's stock valued at $12,303,000 after acquiring an additional 45,065 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

Napco Security Technologies Trading Up 0.5 %

NASDAQ NSSC traded up $0.11 during trading on Friday, hitting $22.88. The company had a trading volume of 249,154 shares, compared to its average volume of 505,345. The company's fifty day moving average is $23.30 and its 200-day moving average is $31.73. Napco Security Technologies, Inc. has a one year low of $19.00 and a one year high of $58.09. The company has a market cap of $832.85 million, a price-to-earnings ratio of 17.60 and a beta of 1.51.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.06). The company had revenue of $42.90 million during 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%. Napco Security Technologies's quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share. As a group, equities analysts anticipate that Napco Security Technologies, Inc. will post 1.24 EPS for the current year.

Napco Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were paid a $0.125 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 2.19%. Napco Security Technologies's payout ratio is 38.46%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NSSC. Cowen lowered Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Lake Street Capital dropped their target price on Napco Security Technologies from $30.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Craig Hallum cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price target on the stock. in a research report on Tuesday, February 4th. Needham & Company LLC lowered their price objective on shares of 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, TD Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and reduced their target price 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.