Balyasny Asset Management L.P. Sells 140,707 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Balyasny Asset Management L.P. lessened its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 56.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,829 shares of the industrial products company's stock after selling 140,707 shares during the period. Balyasny Asset Management L.P. owned 0.29% of Napco Security Technologies worth $3,799,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC lifted its stake in shares of Napco Security Technologies by 266.0% in the 3rd quarter. Barclays PLC now owns 62,085 shares of the industrial products company's stock valued at $2,511,000 after purchasing an additional 45,122 shares during the period. Franklin Resources Inc. increased its stake in shares of Napco Security Technologies by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 19,961 shares of the industrial products company's stock valued at $807,000 after acquiring an additional 915 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Napco Security Technologies by 74.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 67,795 shares of the industrial products company's stock valued at $2,743,000 after acquiring an additional 28,962 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Napco Security Technologies by 13.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 49,355 shares of the industrial products company's stock worth $1,755,000 after purchasing an additional 5,685 shares during the period. Finally, Annex Advisory Services LLC increased its stake in Napco Security Technologies by 4.1% in the fourth quarter. Annex Advisory Services LLC now owns 316,171 shares of the industrial products company's stock valued at $11,243,000 after purchasing an additional 12,366 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Napco Security Technologies Stock Performance

Napco Security Technologies stock opened at $26.37 on Friday. Napco Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $58.09. The firm's 50-day simple moving average is $23.19 and its 200 day simple moving average is $30.42. The stock has a market cap of $959.89 million, a PE ratio of 20.28 and a beta of 1.41.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The firm had revenue of $43.96 million for the quarter, compared to the consensus estimate of $45.11 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company's revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 EPS. As a group, analysts predict that Napco Security Technologies, Inc. will post 1.24 EPS 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. Investors of record on Thursday, June 12th will be issued a $0.14 dividend. This is an increase from Napco Security Technologies's previous quarterly dividend of $0.13. 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. Napco Security Technologies's payout ratio is 38.46%.

Wall Street Analysts Forecast Growth

NSSC has been the subject of several research reports. Needham & Company LLC reduced their target price 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. Cowen cut Napco Security Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. TD Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and decreased their price target for the company from $46.00 to $27.00 in a research note on Tuesday, February 4th. Craig Hallum cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price objective for the company. in a report on Tuesday, February 4th. Finally, Lake Street Capital set a $26.00 target price on shares of Napco Security Technologies in a report on Monday, May 5th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.

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