Avantax Advisory Services Inc. Sells 763 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Avantax Advisory Services Inc. trimmed its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 7.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,679 shares of the industrial products company’s stock after selling 763 shares during the period. Avantax Advisory Services Inc.’s holdings in Napco Security Technologies were worth $344,000 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. FMR LLC increased its holdings in Napco Security Technologies by 30.8% in the 3rd quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock worth $85,075,000 after acquiring an additional 494,988 shares during the last quarter. Copeland Capital Management LLC raised its holdings 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 holdings in shares of Napco Security Technologies by 14.3% during the 3rd quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company’s stock valued at $38,809,000 after purchasing an additional 120,304 shares during the last quarter. State Street Corp increased its stake in Napco Security Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock worth $31,790,000 after purchasing an additional 16,931 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in Napco Security Technologies by 35.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 439,421 shares of the industrial products company’s stock valued at $17,779,000 after buying an additional 114,346 shares during the period. 85.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NSSC has been the subject of a number of research reports. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. TD Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their price target for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. 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 report on Tuesday, February 4th. Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Needham & Company LLC lowered 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 research note on Friday. Five investment 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.com, Napco Security Technologies presently has a consensus rating of “Hold” and a consensus price target of $35.83.

Napco Security Technologies Stock Performance

NSSC stock opened at $24.62 on Tuesday. Napco Security Technologies, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $58.09. The firm has a market cap of $896.19 million, a PE ratio of 18.94 and a beta of 1.59. The firm has a fifty day moving average price of $28.02 and a 200 day moving average price of $34.59.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities analysts predict that Napco Security Technologies, Inc. will post 1.24 EPS for the current year.

Napco Security Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a yield of 2.03%. Napco Security Technologies’s payout ratio is 38.46%.

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.