Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lowered its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 19.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 168,174 shares of the industrial products company's stock after selling 41,810 shares during the period. AQR Capital Management LLC owned about 0.46% of Napco Security Technologies worth $5,980,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in shares of Napco Security Technologies by 0.7% during the fourth quarter. Wells Fargo & Company MN now owns 62,007 shares of the industrial products company's stock worth $2,205,000 after buying an additional 437 shares during the period. Truvestments Capital LLC boosted its stake in shares of Napco Security Technologies by 6.7% during the fourth quarter. Truvestments Capital LLC now owns 7,009 shares of the industrial products company's stock worth $249,000 after buying an additional 443 shares during the period. Invesco Ltd. boosted its stake in shares of Napco Security Technologies by 1.4% during the fourth quarter. Invesco Ltd. now owns 35,737 shares of the industrial products company's stock worth $1,271,000 after buying an additional 477 shares during the period. Huntington National Bank boosted its stake in shares of Napco Security Technologies by 31.4% during the fourth quarter. Huntington National Bank now owns 2,335 shares of the industrial products company's stock worth $83,000 after buying an additional 558 shares during the period. Finally, Isthmus Partners LLC boosted its stake in shares of Napco Security Technologies by 0.7% during the fourth quarter. Isthmus Partners LLC now owns 87,363 shares of the industrial products company's stock worth $3,107,000 after buying an additional 650 shares during the period. Institutional investors and hedge funds own 85.07% of the company's stock.

Napco Security Technologies Price Performance

Shares of NSSC stock traded up $0.10 during midday trading on Tuesday, reaching $27.51. 131,202 shares of the company traded hands, compared to its average volume of 506,155. The firm's 50 day simple moving average is $23.25 and its two-hundred day simple moving average is $30.28. Napco Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $58.09. The firm has a market cap of $980.90 million, a PE ratio of 21.16 and a beta of 1.41.

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

Napco Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.04%. This is an increase from Napco Security Technologies's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, June 12th. Napco Security Technologies's dividend payout ratio (DPR) is presently 45.90%.

Wall Street Analysts Forecast Growth

NSSC has been the subject of a number of recent analyst reports. Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Lake Street Capital set a $26.00 price objective on Napco Security Technologies in a report on Monday, May 5th. TD Cowen lowered Napco Security Technologies from a "buy" rating to a "hold" rating and lowered their price objective for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. Craig Hallum lowered Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price objective on the stock. in a report on Tuesday, February 4th. Finally, Needham & Company LLC lowered their price objective on Napco Security Technologies from $37.00 to $32.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $32.20.

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.