Commonwealth Equity Services LLC Sells 928 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Commonwealth Equity Services LLC lowered its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 13.9% during the 4th quarter, Holdings Channel reports. The firm owned 5,756 shares of the industrial products company’s stock after selling 928 shares during the period. Commonwealth Equity Services LLC’s holdings in Napco Security Technologies were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. KBC Group NV grew 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 period. Arcadia Investment Management Corp MI bought a new stake in shares of Napco Security Technologies during the fourth quarter valued at about $86,000. Farther Finance Advisors LLC lifted its stake in Napco Security Technologies by 290.9% in the 4th quarter. Farther Finance Advisors LLC now owns 2,830 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 2,106 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Napco Security Technologies in the fourth quarter worth $220,000. Finally, Truvestments Capital LLC boosted its position in shares of 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 valued at $249,000 after acquiring an additional 443 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NSSC. Craig Hallum cut Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a research note on Tuesday, February 4th. TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and cut their price target for the stock from $46.00 to $27.00 in a report on Tuesday, February 4th. Cowen cut Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. 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 note on Friday, March 21st. 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 research report on Tuesday, March 25th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.50.

Napco Security Technologies Stock Down 4.1 %

NASDAQ:NSSC opened at $21.01 on Friday. Napco Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $58.09. The stock has a market cap of $764.79 million, a price-to-earnings ratio of 16.16 and a beta of 1.51. The company’s 50 day moving average price is $24.09 and its 200-day moving average price is $32.91.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The business had revenue of $42.90 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 9.3% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. As a group, sell-side analysts anticipate that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Wednesday, March 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.