US Bancorp DE Has $87,000 Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

US Bancorp DE decreased its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 54.3% in the 4th quarter, HoldingsChannel reports. The firm owned 2,435 shares of the industrial products company’s stock after selling 2,894 shares during the period. US Bancorp DE’s holdings in Napco Security Technologies were worth $87,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its position in Napco Security Technologies by 109.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 579 shares during the last quarter. KBC Group NV lifted its stake in shares of Napco Security Technologies by 61.4% in the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock valued at $45,000 after buying an additional 424 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Napco Security Technologies by 54.7% in the third quarter. Huntington National Bank now owns 1,777 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 628 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Napco Security Technologies in the 4th quarter valued at about $86,000. Finally, Truvestments Capital LLC grew its position in Napco Security Technologies by 10.9% during the third quarter. Truvestments Capital LLC now owns 6,566 shares of the industrial products company’s stock valued at $266,000 after buying an additional 645 shares during the period. 85.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NSSC shares. TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Craig Hallum cut Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a report on Tuesday, February 4th. Needham & Company LLC reduced their price objective on Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Finally, Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $36.33.

Napco Security Technologies Stock Down 0.0 %

Napco Security Technologies stock opened at $25.18 on Tuesday. Napco Security Technologies, Inc. has a twelve month low of $23.00 and a twelve month high of $58.09. The business has a fifty day moving average of $29.03 and a two-hundred day moving average of $35.24. The firm has a market cap of $916.58 million, a P/E ratio of 19.37 and a beta of 1.59.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share 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 firm had revenue of $42.90 million for the quarter, compared to analysts’ expectations of $49.93 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. Equities analysts expect that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio (DPR) is presently 38.46%.

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.