Charles Schwab Investment Management Inc. Has $13.36 Million Stock Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Charles Schwab Investment Management Inc. raised its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 375,551 shares of the industrial products company’s stock after purchasing an additional 16,448 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.02% of Napco Security Technologies worth $13,355,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NSSC. KBC Group NV raised its position 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. Thrivent Financial for Lutherans acquired a new position in Napco Security Technologies in the 3rd quarter valued at $2,644,000. Quest Partners LLC raised its holdings in Napco Security Technologies by 234.6% in the 3rd quarter. Quest Partners LLC now owns 6,786 shares of the industrial products company’s stock valued at $275,000 after acquiring an additional 4,758 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Napco Security Technologies by 109.7% in the third quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 579 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in Napco Security Technologies in the third quarter valued at about $634,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Napco Security Technologies Trading Down 1.2 %

NASDAQ NSSC opened at $23.94 on Friday. The stock’s 50 day moving average is $28.20 and its 200 day moving average is $34.78. Napco Security Technologies, Inc. has a 12 month low of $23.00 and a 12 month high of $58.09. The stock has a market cap of $871.44 million, a PE ratio of 18.42 and a beta of 1.59.

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). The company had revenue of $42.90 million for the quarter, compared to analysts’ expectations of $49.93 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. On average, analysts forecast that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio is currently 38.46%.

Wall Street Analyst Weigh In

A number of analysts have commented on NSSC shares. Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating and cut their target price for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Needham & Company LLC decreased their target price on Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday. Craig Hallum cut Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a research note on Tuesday, February 4th. Finally, StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Napco Security Technologies presently has an average rating of “Hold” and a consensus price target of $35.83.

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.