Sei Investments Co. Buys 6,991 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Sei Investments Co. increased its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 18.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,148 shares of the industrial products company’s stock after buying an additional 6,991 shares during the period. Sei Investments Co.’s holdings in Napco Security Technologies were worth $1,605,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. 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 valued at $73,000 after purchasing an additional 934 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Napco Security Technologies in the fourth quarter worth $86,000. Farther Finance Advisors LLC grew its position in shares of Napco Security Technologies by 290.9% in the fourth quarter. Farther Finance Advisors LLC now owns 2,830 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 2,106 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Napco Security Technologies during the 4th quarter valued at $220,000. Finally, Truvestments Capital LLC lifted its holdings in Napco Security Technologies by 6.7% during the 4th quarter. Truvestments Capital LLC now owns 7,009 shares of the industrial products company’s stock worth $249,000 after purchasing an additional 443 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. TD Cowen lowered 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. Needham & Company LLC reduced 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 note on Friday, March 21st. Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Lake Street Capital cut their price target on shares of Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Finally, 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 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.50.

Napco Security Technologies Price Performance

Shares of Napco Security Technologies stock opened at $20.28 on Monday. The company has a 50 day simple moving average of $25.75 and a two-hundred day simple moving average of $33.64. The firm has a market cap of $738.21 million, a PE ratio of 15.60 and a beta of 1.51. Napco Security Technologies, Inc. has a 1 year low of $19.63 and a 1 year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $49.93 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The business’s revenue was down 9.3% on a year-over-year basis. As a group, research analysts anticipate that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Wednesday, March 12th. Napco Security Technologies’s payout ratio is currently 38.46%.

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.