Jane Street Group LLC Cuts Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Jane Street Group LLC lessened its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 41.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,143 shares of the industrial products company’s stock after selling 22,341 shares during the period. Jane Street Group LLC owned approximately 0.09% of Napco Security Technologies worth $1,301,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NSSC. State Street Corp increased 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 in the last quarter. Stifel Financial Corp boosted its stake in Napco Security Technologies by 66.9% in the 3rd quarter. Stifel Financial Corp now owns 77,782 shares of the industrial products company’s stock worth $3,147,000 after purchasing an additional 31,184 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Napco Security Technologies during the 3rd quarter valued at about $294,000. Point72 Asset Management L.P. bought a new stake in Napco Security Technologies during the 3rd quarter valued at about $1,954,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in 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 buying an additional 114,346 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Stock Performance

Napco Security Technologies stock opened at $35.50 on Friday. Napco Security Technologies, Inc. has a one year low of $31.27 and a one year high of $58.09. The stock has a fifty day moving average of $38.05 and a 200 day moving average of $44.57. The stock has a market cap of $1.30 billion, a PE ratio of 26.10 and a beta of 1.62.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 earnings per share (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 business had revenue of $44.00 million for the quarter, compared to the consensus estimate of $46.56 million. During the same period in the previous year, the firm earned $0.28 EPS. The company’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Napco Security Technologies, Inc. will post 1.49 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio (DPR) is 36.76%.

Analysts Set New Price Targets

NSSC has been the topic of a number of recent analyst reports. TD Cowen cut their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. DA Davidson reduced their target price on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. 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 report on Tuesday, November 5th. Finally, Craig Hallum decreased their target price on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Napco Security Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target 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.