Voya Investment Management LLC Sells 877 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Voya Investment Management LLC decreased its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,597 shares of the industrial products company’s stock after selling 877 shares during the period. Voya Investment Management LLC’s holdings in Napco Security Technologies were worth $377,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Barclays PLC grew its holdings in Napco Security Technologies by 266.0% during the 3rd quarter. Barclays PLC now owns 62,085 shares of the industrial products company’s stock valued at $2,511,000 after buying an additional 45,122 shares in the last quarter. Franklin Resources Inc. increased its holdings in Napco Security Technologies by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 19,961 shares of the industrial products company’s stock valued at $807,000 after acquiring an additional 915 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Napco Security Technologies by 74.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 67,795 shares of the industrial products company’s stock valued at $2,743,000 after purchasing an additional 28,962 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Napco Security Technologies by 13.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 49,355 shares of the industrial products company’s stock valued at $1,755,000 after purchasing an additional 5,685 shares in the last quarter. Finally, Annex Advisory Services LLC increased its holdings in shares of Napco Security Technologies by 4.1% in the fourth quarter. Annex Advisory Services LLC now owns 316,171 shares of the industrial products company’s stock worth $11,243,000 after purchasing an additional 12,366 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NSSC. Needham & Company LLC cut their price target on Napco Security Technologies from $37.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen lowered 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. Craig Hallum downgraded 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, Lake Street Capital set a $26.00 price target on shares of Napco Security Technologies in a report on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $32.20.

Napco Security Technologies Trading Up 0.6 %

NSSC stock opened at $26.37 on Friday. 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 $959.89 million, a PE ratio of 20.28 and a beta of 1.41. The company has a 50-day moving average price of $23.19 and a 200 day moving average price of $30.42.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The firm had revenue of $43.96 million for the quarter, compared to the consensus estimate of $45.11 million. During the same period in the prior year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was down 10.8% on a year-over-year basis. Sell-side analysts forecast that Napco Security Technologies, Inc. will post 1.24 EPS for the current year.

Napco Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.14 per share. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, June 12th. Napco Security Technologies’s payout ratio is currently 38.46%.

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.