Marshall Wace LLP Acquires 177,727 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Marshall Wace LLP lifted its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 122.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,293 shares of the industrial products company’s stock after acquiring an additional 177,727 shares during the period. Marshall Wace LLP’s holdings in Napco Security Technologies were worth $11,461,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Napco Security Technologies by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,849,651 shares of the industrial products company’s stock worth $101,334,000 after purchasing an additional 32,482 shares during the period. Copeland Capital Management LLC raised its position in shares of Napco Security Technologies by 15.1% during the 4th quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company’s stock valued at $42,481,000 after buying an additional 156,495 shares in the last quarter. Geode Capital Management LLC grew its position in Napco Security Technologies by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,010,696 shares of the industrial products company’s stock worth $35,948,000 after acquiring an additional 51,661 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Napco Security Technologies by 24.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 617,660 shares of the industrial products company’s stock valued at $21,964,000 after acquiring an additional 121,113 shares during the last quarter. Finally, Emerald Advisers LLC raised its position in Napco Security Technologies by 5.3% during the fourth quarter. Emerald Advisers LLC now owns 535,092 shares of the industrial products company’s stock valued at $19,028,000 after purchasing an additional 26,835 shares in the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Napco Security Technologies Stock Down 1.3 %

Shares of NSSC stock opened at $21.41 on Tuesday. The stock has a fifty day moving average of $23.50 and a 200 day moving average of $31.97. The firm has a market capitalization of $779.35 million, a price-to-earnings ratio of 16.47 and a beta of 1.51. Napco Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly 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). Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The company had revenue of $42.90 million for the quarter, compared to analysts’ expectations of $49.93 million. During the same quarter in the prior year, the firm earned $0.34 EPS. Napco Security Technologies’s quarterly revenue was down 9.3% compared to the same quarter last year. Equities research analysts anticipate that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 2.34%. Napco Security Technologies’s payout ratio is 38.46%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NSSC. TD Cowen cut Napco Security Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. Needham & Company LLC reduced their target price on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Lake Street Capital reduced their price objective on Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Finally, Craig Hallum cut Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.50.

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.