Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 14.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 39,639 shares of the industrial products company’s stock after selling 6,449 shares during the period. Russell Investments Group Ltd.’s holdings in Napco Security Technologies were worth $1,410,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new stake in shares of Napco Security Technologies during the fourth quarter valued at about $32,000. Physician Wealth Advisors Inc. purchased a new position in Napco Security Technologies in the fourth quarter valued at about $63,000. KBC Group NV boosted its holdings in 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 valued at $73,000 after purchasing an additional 934 shares during the last quarter. Huntington National Bank grew its stake in Napco Security Technologies by 31.4% during the 4th quarter. Huntington National Bank now owns 2,335 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 558 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in Napco Security Technologies during the 4th quarter worth approximately $86,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NSSC shares. Needham & Company LLC decreased their price target on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, March 21st. TD Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $46.00 to $27.00 in a research note on Tuesday, February 4th. Craig Hallum downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a research report on Tuesday, February 4th. Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, 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 report on Tuesday, March 25th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $35.50.

Napco Security Technologies Price Performance

NSSC stock opened at $21.69 on Monday. The company’s 50 day simple moving average is $23.57 and its 200-day simple moving average is $32.09. Napco Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $58.09. The firm has a market capitalization of $789.54 million, a P/E ratio of 16.68 and a beta of 1.51.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The business had revenue of $42.90 million for the quarter, compared to analyst estimates of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. Sell-side analysts predict that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were issued a $0.125 dividend. The ex-dividend date 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 is currently 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.