JPMorgan Chase & Co. Grows Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

JPMorgan Chase & Co. increased its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 74.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,795 shares of the industrial products company’s stock after purchasing an additional 28,962 shares during the period. JPMorgan Chase & Co. owned 0.18% of Napco Security Technologies worth $2,743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in shares of Napco Security Technologies by 72,300.0% during the third quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after buying an additional 723 shares during the last quarter. Quarry LP grew its stake in Napco Security Technologies by 91.2% during the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 312 shares in the last quarter. KBC Group NV increased its holdings in Napco Security Technologies by 61.4% in the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 424 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Napco Security Technologies by 109.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 579 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Napco Security Technologies by 54.7% during the 3rd 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 during the last quarter. 85.07% of the stock is currently owned by institutional investors.

Napco Security Technologies Stock Up 0.4 %

NASDAQ NSSC opened at $34.96 on Tuesday. Napco Security Technologies, Inc. has a 52 week low of $31.77 and a 52 week high of $58.09. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 25.71 and a beta of 1.65. The company has a fifty day moving average of $36.87 and a two-hundred day moving average of $42.54.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly 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 period in the prior year, the firm posted $0.28 earnings per share. Napco Security Technologies’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts anticipate that Napco Security Technologies, Inc. will post 1.55 EPS for the current year.

Napco Security Technologies Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.43%. Napco Security Technologies’s dividend payout ratio is 36.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NSSC shares. DA Davidson reduced their target price on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Lake Street Capital lowered their target price on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $52.00 price target on shares of Napco Security Technologies in a research report on Thursday, January 16th. Finally, Craig Hallum lowered 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.43.

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.