Napco Security Technologies, Inc. (NASDAQ:NSSC) Short Interest Update

Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 2,180,000 shares, a decline of 21.9% from the January 31st total of 2,790,000 shares. Based on an average daily volume of 482,300 shares, the short-interest ratio is presently 4.5 days.

Institutional Investors Weigh In On Napco Security Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Napco Security Technologies by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,849,651 shares of the industrial products company's stock valued at $101,334,000 after acquiring an additional 32,482 shares in the last quarter. FMR LLC boosted its stake in shares of Napco Security Technologies by 30.8% in the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company's stock valued at $85,075,000 after purchasing an additional 494,988 shares during the period. Copeland Capital Management LLC boosted its stake in shares of Napco Security Technologies by 15.1% in the fourth quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company's stock valued at $42,481,000 after purchasing an additional 156,495 shares during the period. Geode Capital Management LLC grew its holdings in shares of Napco Security Technologies by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,010,696 shares of the industrial products company's stock valued at $35,948,000 after purchasing an additional 51,661 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Napco Security Technologies by 15.1% during the 4th quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company's stock worth $33,403,000 after buying an additional 123,091 shares during the period. Hedge funds and other institutional investors own 85.07% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NSSC shares. Needham & Company LLC reduced their price objective on Napco Security Technologies from $52.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Lake Street Capital set a $30.00 price target on Napco Security Technologies and gave the stock a "buy" rating in a report on Tuesday, February 4th. Craig Hallum lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price objective for the company. in a report on Tuesday, February 4th. StockNews.com raised shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a research note on Tuesday, December 3rd. Finally, TD Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and decreased their target price for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $36.33.

Napco Security Technologies Trading Up 3.3 %

NASDAQ NSSC traded up $0.83 during trading hours on Friday, reaching $25.74. The company had a trading volume of 419,892 shares, compared to its average volume of 599,636. The stock has a market capitalization of $936.96 million, a P/E ratio of 19.80 and a beta of 1.64. The stock has a 50-day moving average of $30.48 and a 200 day moving average of $36.75. Napco Security Technologies has a 1-year low of $23.00 and a 1-year high of $58.09.

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 EPS 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 company had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The business's revenue was down 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that Napco Security Technologies will post 1.24 EPS for the current year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.94%. Napco Security Technologies's payout ratio is presently 38.46%.

About Napco Security Technologies

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.