Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 59.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,548 shares of the industrial products company’s stock after selling 114,933 shares during the period. New York State Common Retirement Fund owned 0.22% of Napco Security Technologies worth $2,829,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans purchased a new position in Napco Security Technologies during the 3rd quarter worth $2,644,000. State Street Corp raised its position in 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 buying an additional 16,931 shares during the last quarter. XTX Topco Ltd purchased a new position in Napco Security Technologies during the 3rd quarter worth $672,000. Barclays PLC raised its position in Napco Security Technologies by 266.0% during the 3rd 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 last quarter. Finally, Kornitzer Capital Management Inc. KS raised its position in Napco Security Technologies by 426.5% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company’s stock worth $9,629,000 after buying an additional 192,790 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. TD Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and cut their price objective for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Needham & Company LLC cut their price target on shares of Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. DA Davidson cut their price target on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Craig Hallum downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a report on Tuesday, February 4th. Finally, StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Napco Security Technologies presently has an average rating of “Hold” and an average price target of $36.33.

Napco Security Technologies Trading Up 1.2 %

Shares of NASDAQ NSSC opened at $24.56 on Friday. The stock has a market cap of $894.01 million, a price-to-earnings ratio of 18.89 and a beta of 1.64. Napco Security Technologies, Inc. has a 52 week low of $23.84 and a 52 week high of $58.09. The company’s 50-day moving average price is $31.43 and its 200 day moving average price is $37.61.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The business had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. Napco Security Technologies’s revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. As a group, research 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. Investors 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 2.04%. 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.