Algert Global LLC Sells 23,634 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Algert Global LLC lessened its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 19.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,165 shares of the industrial products company's stock after selling 23,634 shares during the period. Algert Global LLC owned approximately 0.26% of Napco Security Technologies worth $3,384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Napco Security Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,849,651 shares of the industrial products company's stock worth $101,334,000 after purchasing an additional 32,482 shares during the period. Copeland Capital Management LLC grew its position in shares of Napco Security Technologies by 15.1% during the 4th quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company's stock valued at $42,481,000 after acquiring an additional 156,495 shares during the period. Geode Capital Management LLC increased its stake in shares of Napco Security Technologies by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 1,010,696 shares of the industrial products company's stock worth $35,948,000 after purchasing an additional 51,661 shares during the last quarter. Doma Perpetual Capital Management LLC raised its holdings in shares of Napco Security Technologies by 8.4% in the 4th quarter. Doma Perpetual Capital Management LLC now owns 766,532 shares of the industrial products company's stock worth $27,258,000 after purchasing an additional 59,496 shares during the period. Finally, Northern Trust Corp grew its holdings in Napco Security Technologies by 1.0% during the fourth quarter. Northern Trust Corp now owns 686,817 shares of the industrial products company's stock valued at $24,423,000 after purchasing an additional 6,887 shares during the period. 85.07% of the stock is owned by hedge funds and other institutional investors.

Napco Security Technologies Price Performance

NASDAQ:NSSC traded up $0.17 during trading hours on Friday, hitting $26.37. The stock had a trading volume of 459,597 shares, compared to its average volume of 507,475. The firm has a market capitalization of $959.89 million, a price-to-earnings ratio of 20.28 and a beta of 1.41. Napco Security Technologies, Inc. has a one year low of $19.00 and a one year high of $58.09. The company has a 50 day simple moving average of $23.19 and a two-hundred day simple moving average of $30.48.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $45.11 million. During the same period in the prior year, the company earned $0.37 EPS. The company's revenue was down 10.8% on a year-over-year basis. Equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Napco Security Technologies's previous quarterly dividend of $0.13. Napco Security Technologies's payout ratio is 38.46%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Lake Street Capital set a $26.00 target price on Napco Security Technologies in a research note on Monday. TD Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and cut their target price for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Craig Hallum lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price target 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, Needham & Company LLC dropped their target price on Napco Security Technologies from $37.00 to $32.00 and set a "buy" rating on the stock in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $32.20.

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.