Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP raised its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 40.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 414,560 shares of the industrial products company's stock after purchasing an additional 119,599 shares during the period. Wasatch Advisors LP owned about 1.13% of Napco Security Technologies worth $14,742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new position in Napco Security Technologies during the 4th quarter valued at about $32,000. Physician Wealth Advisors Inc. bought a new position in Napco Security Technologies in the fourth quarter worth approximately $63,000. KBC Group NV lifted its holdings in Napco Security Technologies by 83.8% during the fourth quarter. KBC Group NV now owns 2,049 shares of the industrial products company's stock worth $73,000 after buying an additional 934 shares during the period. Huntington National Bank increased its holdings in shares of Napco Security Technologies by 31.4% in 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 period. Finally, Arcadia Investment Management Corp MI bought a new position in shares of Napco Security Technologies in the 4th quarter worth $86,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Napco Security Technologies Price Performance

Napco Security Technologies stock traded up $0.21 during trading hours on Tuesday, hitting $21.62. 28,411 shares of the stock traded hands, compared to its average volume of 504,734. The firm's 50 day moving average price is $23.50 and its 200-day moving average price is $31.97. The stock has a market capitalization of $786.99 million, a price-to-earnings ratio of 16.63 and a beta of 1.51. Napco Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued 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). Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The business had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. During the same quarter last year, the company posted $0.34 EPS. Napco Security Technologies's quarterly revenue was down 9.3% compared to the same quarter last year. Research 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 business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were issued a $0.125 dividend. 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 payout ratio is presently 38.46%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NSSC. Needham & Company LLC cut their target price on Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. TD Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and lowered their target price for the company from $46.00 to $27.00 in a research note on Tuesday, February 4th. Cowen downgraded Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Lake Street Capital lowered their price objective 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. Finally, Craig Hallum lowered Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 target price on the stock. in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Napco Security Technologies presently has an average rating of "Hold" and a consensus target price of $35.50.

Napco Security Technologies 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.