Geode Capital Management LLC Increases Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Geode Capital Management LLC increased its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 14.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 959,035 shares of the industrial products company’s stock after acquiring an additional 120,304 shares during the period. Geode Capital Management LLC owned about 2.61% of Napco Security Technologies worth $38,809,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake in Napco Security Technologies by 72,300.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 723 shares during the period. Quarry LP boosted its holdings in shares of Napco Security Technologies by 91.2% in the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after buying an additional 312 shares during the last quarter. KBC Group NV grew its position in Napco Security Technologies by 61.4% during 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 during the period. First Horizon Advisors Inc. increased its holdings in Napco Security Technologies by 109.7% during the third quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock worth $45,000 after buying an additional 579 shares during the last quarter. Finally, Huntington National Bank raised its position in Napco Security Technologies by 54.7% in the third quarter. Huntington National Bank now owns 1,777 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 628 shares during the period. 85.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Needham & Company LLC raised their target price on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Lake Street Capital dropped their price target on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. TD Cowen decreased their price objective on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Craig Hallum dropped their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Napco Security Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $47.14.

Napco Security Technologies Stock Up 1.0 %

Shares of NASDAQ NSSC opened at $36.09 on Wednesday. The company has a market cap of $1.32 billion, a P/E ratio of 26.54 and a beta of 1.62. Napco Security Technologies, Inc. has a 52 week low of $31.27 and a 52 week high of $58.09. The business has a 50-day simple moving average of $38.40 and a two-hundred day simple moving average of $44.79.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data 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 net margin of 26.43% and a return on equity of 29.56%. The firm had revenue of $44.00 million during the quarter, compared to the consensus estimate of $46.56 million. During the same quarter last year, the business posted $0.28 earnings per share. Napco Security Technologies’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Napco Security Technologies, Inc. will post 1.49 EPS for the current year.

Napco Security Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio is 36.76%.

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.