Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 318.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 283,812 shares of the industrial products company's stock after buying an additional 216,017 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.77% of Napco Security Technologies worth $10,092,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NSSC. KBC Group NV grew its holdings in Napco Security Technologies by 83.8% in the fourth quarter. KBC Group NV now owns 2,049 shares of the industrial products company's stock valued at $73,000 after purchasing an additional 934 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in shares of Napco Security Technologies during the 4th quarter valued at $86,000. Farther Finance Advisors LLC increased its holdings in shares of Napco Security Technologies by 290.9% during the 4th quarter. Farther Finance Advisors LLC now owns 2,830 shares of the industrial products company's stock worth $101,000 after buying an additional 2,106 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Napco Security Technologies in the 4th quarter worth $220,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Napco Security Technologies in the fourth quarter valued at $239,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NSSC has been the topic of a number of research reports. Lake Street Capital cut their price objective on Napco Security Technologies from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. TD Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $46.00 to $27.00 in a research note on Tuesday, February 4th. Needham & Company LLC dropped 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 research report on Friday, March 21st. Finally, Craig Hallum lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 target price on the stock. in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $35.50.

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Napco Security Technologies Stock Performance

NASDAQ NSSC opened at $22.08 on Tuesday. The company has a 50-day simple moving average of $23.93 and a 200-day simple moving average of $32.58. Napco Security Technologies, Inc. has a one year low of $19.00 and a one year high of $58.09. The firm has a market capitalization of $803.73 million, a PE ratio of 16.98 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 EPS for the quarter, missing the consensus estimate 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 firm's revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS. Equities analysts forecast that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The firm also recently declared 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. The ex-dividend date was Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a yield of 2.26%. Napco Security Technologies's dividend payout ratio (DPR) is presently 38.46%.

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.

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