State Street Corp Has $31.79 Million Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

State Street Corp raised its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 783,327 shares of the industrial products company’s stock after acquiring an additional 16,931 shares during the period. State Street Corp owned approximately 2.14% of Napco Security Technologies worth $31,790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NSSC. FMR LLC boosted its stake in Napco Security Technologies by 30.8% during the 3rd quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock valued at $85,075,000 after purchasing an additional 494,988 shares during the period. Copeland Capital Management LLC lifted its holdings in shares of Napco Security Technologies by 108.6% during the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock worth $42,003,000 after buying an additional 540,436 shares during the last quarter. Emerald Advisers LLC boosted its position in shares of Napco Security Technologies by 4.0% in the third quarter. Emerald Advisers LLC now owns 508,257 shares of the industrial products company’s stock valued at $20,564,000 after acquiring an additional 19,674 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of Napco Security Technologies by 35.2% in 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. Finally, Emerald Mutual Fund Advisers Trust grew its stake in shares of Napco Security Technologies by 3.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 414,013 shares of the industrial products company’s stock worth $16,751,000 after acquiring an additional 14,077 shares during the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Napco Security Technologies Trading Down 1.1 %

NSSC stock opened at $36.29 on Friday. Napco Security Technologies, Inc. has a 1-year low of $31.27 and a 1-year high of $58.09. The business’s 50 day moving average is $38.61 and its 200-day moving average is $45.04. The firm has a market cap of $1.33 billion, a P/E ratio of 26.68 and a beta of 1.62.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The company had revenue of $44.00 million during the quarter, compared to the consensus estimate of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. Sell-side analysts forecast that Napco Security Technologies, Inc. will post 1.49 EPS for the current year.

Napco Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio is currently 36.76%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Needham & Company LLC increased their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. TD Cowen reduced their target price on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. DA Davidson lowered their price target on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Lake Street Capital reduced their price objective 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. Finally, Craig Hallum lowered their price objective on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Three equities research 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.14.

About Napco Security Technologies

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.