US Bancorp DE Lowers Stock Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

US Bancorp DE lessened its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 54.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,435 shares of the industrial products company’s stock after selling 2,894 shares during the quarter. US Bancorp DE’s holdings in Napco Security Technologies were worth $87,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its holdings in shares of 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 purchasing an additional 494,988 shares during the last quarter. Copeland Capital Management LLC increased its position in Napco Security Technologies by 15.1% in the fourth quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company’s stock worth $42,481,000 after buying an additional 156,495 shares during the period. Geode Capital Management LLC lifted its stake in Napco Security Technologies by 14.3% in the third quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company’s stock valued at $38,809,000 after buying an additional 120,304 shares during the last quarter. State Street Corp boosted its holdings in shares of Napco Security Technologies by 2.2% during the third quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock valued at $31,790,000 after acquiring an additional 16,931 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Napco Security Technologies by 35.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 439,421 shares of the industrial products company’s stock worth $17,779,000 after acquiring an additional 114,346 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on NSSC shares. Needham & Company LLC dropped their price objective on Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Lake Street Capital set a $30.00 price objective on shares of Napco Security Technologies and gave the company a “buy” rating in a research report on Tuesday, February 4th. Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, TD Cowen cut 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. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.33.

Napco Security Technologies Price Performance

Napco Security Technologies stock opened at $25.18 on Tuesday. Napco Security Technologies, Inc. has a 52-week low of $23.00 and a 52-week high of $58.09. The stock has a fifty day moving average price of $29.03 and a two-hundred day moving average price of $35.24. The firm has a market capitalization of $916.58 million, a P/E ratio of 19.37 and a beta of 1.59.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share 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%. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. On average, equities research analysts predict that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be paid 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 currently 38.46%.

Napco Security Technologies Company 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.