Tudor Investment Corp ET AL Invests $861,000 in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Tudor Investment Corp ET AL acquired a new position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 24,221 shares of the industrial products company's stock, valued at approximately $861,000. Tudor Investment Corp ET AL owned 0.07% of Napco Security Technologies at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in NSSC. Barclays PLC grew its holdings in Napco Security Technologies by 266.0% during the third quarter. Barclays PLC now owns 62,085 shares of the industrial products company's stock worth $2,511,000 after acquiring an additional 45,122 shares during the period. Truist Financial Corp grew its stake in shares of Napco Security Technologies by 4.4% during the 4th quarter. Truist Financial Corp now owns 27,420 shares of the industrial products company's stock worth $975,000 after purchasing an additional 1,168 shares during the period. Annex Advisory Services LLC grew its stake in shares of Napco Security Technologies by 4.1% during the 4th quarter. Annex Advisory Services LLC now owns 316,171 shares of the industrial products company's stock worth $11,243,000 after purchasing an additional 12,366 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Napco Security Technologies by 6.4% during the 4th quarter. Teacher Retirement System of Texas now owns 44,370 shares of the industrial products company's stock valued at $1,578,000 after purchasing an additional 2,670 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Napco Security Technologies by 74.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,795 shares of the industrial products company's stock valued at $2,743,000 after purchasing an additional 28,962 shares during the period. 85.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Needham & Company LLC cut their price target on Napco Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Lake Street Capital set a $26.00 price target on shares of Napco Security Technologies in a research note on Monday, May 5th. Craig Hallum downgraded Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price objective on the stock. 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. Finally, TD Cowen cut shares of 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 research report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Napco Security Technologies has a consensus rating of "Hold" and a consensus target price of $32.20.

Napco Security Technologies Stock Up 0.6 %

Shares of Napco Security Technologies stock traded up $0.17 during trading on Friday, hitting $26.37. 459,597 shares of the company were exchanged, compared to its average volume of 508,121. The firm has a 50 day moving average price of $23.19 and a 200 day moving average price of $30.42. The stock has a market capitalization of $940.25 million, a price-to-earnings ratio of 20.28 and a beta of 1.41. Napco Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last released its earnings results on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The firm had revenue of $43.96 million during the quarter, compared to analyst estimates of $45.11 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The business's quarterly revenue was down 10.8% compared to the same quarter last year. Analysts predict that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 12th will be given a dividend of $0.14 per share. This is a positive change from Napco Security Technologies's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.56 annualized dividend and a yield of 2.12%. Napco Security Technologies's dividend payout ratio is 45.90%.

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.