Alliancebernstein L.P. Has $1.33 Million Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Alliancebernstein L.P. raised its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 2.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 37,441 shares of the industrial products company’s stock after acquiring an additional 939 shares during the quarter. Alliancebernstein L.P.’s holdings in Napco Security Technologies were worth $1,331,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP bought a new stake in shares of Napco Security Technologies in the 4th quarter valued at about $10,427,000. Physician Wealth Advisors Inc. acquired a new position in shares of Napco Security Technologies in the fourth quarter valued at about $63,000. Arrowstreet Capital Limited Partnership grew its position in shares of Napco Security Technologies by 128.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 57,212 shares of the industrial products company’s stock worth $2,034,000 after purchasing an additional 32,180 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Napco Security Technologies during the 4th quarter worth $32,000. Finally, JPMorgan Chase & Co. increased its position in shares of Napco Security Technologies by 318.6% in the fourth quarter. JPMorgan Chase & Co. now owns 283,812 shares of the industrial products company’s stock worth $10,092,000 after purchasing an additional 216,017 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NSSC. TD Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Lake Street Capital decreased 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 research report on Tuesday, March 25th. Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research note 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 target price on the stock. in a report on Tuesday, February 4th. Finally, Needham & Company LLC cut their price target on Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $35.50.

Napco Security Technologies Price Performance

NASDAQ:NSSC opened at $21.69 on Friday. Napco Security Technologies, Inc. has a one year low of $19.00 and a one year high of $58.09. The company has a market cap of $789.54 million, a PE ratio of 16.68 and a beta of 1.51. The firm has a 50-day moving average of $23.66 and a 200-day moving average of $32.30.

Napco Security Technologies (NASDAQ:NSSC) last posted its 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 firm had revenue of $42.90 million during 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 business’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 EPS. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a yield of 2.31%. Napco Security Technologies’s dividend payout ratio (DPR) 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.