Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Sold by Wallace Advisory Group LLC

Wallace Advisory Group LLC trimmed its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 17.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,148 shares of the industrial products company’s stock after selling 1,475 shares during the period. Wallace Advisory Group LLC’s holdings in Napco Security Technologies were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp grew its holdings in shares of Napco Security Technologies by 2.2% during the third quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock worth $31,790,000 after buying an additional 16,931 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Napco Security Technologies in the 3rd quarter valued at approximately $2,644,000. XTX Topco Ltd acquired a new position in shares of Napco Security Technologies in the third quarter valued at approximately $672,000. Barclays PLC raised its stake in shares of Napco Security Technologies by 266.0% during the third quarter. Barclays PLC now owns 62,085 shares of the industrial products company’s stock worth $2,511,000 after purchasing an additional 45,122 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Napco Security Technologies by 35.6% during the second quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company’s stock worth $20,019,000 after purchasing an additional 101,182 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. DA Davidson cut their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Craig Hallum reduced their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. TD Cowen decreased their price target on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Lake Street Capital dropped their price objective on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.14.

Napco Security Technologies Price Performance

Shares of NASDAQ:NSSC opened at $33.41 on Tuesday. Napco Security Technologies, Inc. has a 12 month low of $31.27 and a 12 month high of $58.09. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 24.57 and a beta of 1.65. The business’s 50 day simple moving average is $37.19 and its 200-day simple moving average is $43.20.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The firm had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $46.56 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.50 annualized dividend and a yield of 1.50%. Napco Security Technologies’s dividend payout ratio (DPR) is currently 36.76%.

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.