Wellington Management Group LLP Takes $10.43 Million Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Wellington Management Group LLP purchased a new stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 293,224 shares of the industrial products company's stock, valued at approximately $10,427,000. Wellington Management Group LLP owned approximately 0.80% of Napco Security Technologies at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NSSC. New Age Alpha Advisors LLC purchased a new position in shares of Napco Security Technologies in the fourth quarter valued at $32,000. Physician Wealth Advisors Inc. bought a new stake in shares of Napco Security Technologies during the fourth quarter valued at about $63,000. KBC Group NV lifted its holdings in shares of 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 worth $73,000 after buying an additional 934 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in Napco Security Technologies during the fourth quarter valued at approximately $86,000. Finally, Farther Finance Advisors LLC increased its holdings in 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 acquiring an additional 2,106 shares during the period. 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 down $0.06 during mid-day trading on Tuesday, hitting $22.02. The company's stock had a trading volume of 26,758 shares, compared to its average volume of 503,612. The business has a 50 day moving average price of $23.93 and a 200-day moving average price of $32.58. Napco Security Technologies, Inc. has a 12 month low of $19.00 and a 12 month high of $58.09. The stock has a market cap of $801.70 million, a price-to-earnings ratio of 16.91 and a beta of 1.51.

Remove Ads

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). The company 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%. Napco Security Technologies's revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share. On average, equities research analysts expect that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company 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 annualized dividend and a yield of 2.27%. Napco Security Technologies's payout ratio is currently 38.46%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Needham & Company LLC decreased their price target on shares of Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Cowen cut Napco Security Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. TD Cowen cut 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 report on Tuesday, February 4th. Lake Street Capital dropped their target price on shares of 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 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 report on Tuesday, February 4th. Five equities 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, Napco Security Technologies presently has a consensus rating of "Hold" and an average 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.