SG Americas Securities LLC Buys 7,565 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

SG Americas Securities LLC increased its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 50.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,604 shares of the industrial products company’s stock after purchasing an additional 7,565 shares during the quarter. SG Americas Securities LLC’s holdings in Napco Security Technologies were worth $804,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans bought a new stake in shares of Napco Security Technologies in the third quarter worth approximately $2,644,000. State Street Corp raised its holdings in shares of Napco Security Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock worth $31,790,000 after acquiring an additional 16,931 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Napco Security Technologies during the 3rd quarter valued at about $672,000. Barclays PLC boosted its stake in 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 buying an additional 45,122 shares during the period. Finally, Copeland Capital Management LLC increased its stake in Napco Security Technologies by 108.6% in the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock worth $42,003,000 after purchasing an additional 540,436 shares during the period. Institutional investors own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Lake Street Capital lowered their price objective on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Craig Hallum cut their price target on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. TD Cowen decreased their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $52.00 price target on shares of Napco Security Technologies in a research report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.43.

Napco Security Technologies Stock Up 0.8 %

NASDAQ:NSSC opened at $35.98 on Thursday. Napco Security Technologies, Inc. has a 52-week low of $31.77 and a 52-week high of $58.09. The company has a market capitalization of $1.32 billion, a PE ratio of 26.46 and a beta of 1.65. The stock’s 50 day moving average price is $36.77 and its 200 day moving average price is $41.73.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The business had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $46.56 million. During the same period in the prior year, the firm posted $0.28 EPS. Napco Security Technologies’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Napco Security Technologies, Inc. will post 1.55 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, December 12th. Napco Security Technologies’s dividend payout ratio is currently 36.76%.

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.