Cubist Systematic Strategies LLC Sells 79,428 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Cubist Systematic Strategies LLC lessened its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 76.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 23,943 shares of the industrial products company's stock after selling 79,428 shares during the period. Cubist Systematic Strategies LLC owned 0.07% of Napco Security Technologies worth $851,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Caption Management LLC purchased a new position in shares of Napco Security Technologies in the fourth quarter valued at about $33,000. Centiva Capital LP purchased a new stake in shares of Napco Security Technologies in the fourth quarter worth about $305,000. Freestone Grove Partners LP purchased a new stake in shares of Napco Security Technologies in the fourth quarter worth about $213,000. Voleon Capital Management LP purchased a new stake in shares of Napco Security Technologies in the fourth quarter worth about $397,000. Finally, Northern Trust Corp lifted its position in shares of Napco Security Technologies by 1.0% in the fourth quarter. Northern Trust Corp now owns 686,817 shares of the industrial products company's stock worth $24,423,000 after buying an additional 6,887 shares in the last quarter. Institutional investors own 85.07% of the company's stock.

Napco Security Technologies Stock Performance

Shares of NSSC opened at $27.63 on Thursday. The stock has a 50-day moving average of $23.35 and a two-hundred day moving average of $30.24. Napco Security Technologies, Inc. has a one year low of $19.00 and a one year high of $58.09. The stock has a market cap of $985.18 million, a P/E ratio of 21.25 and a beta of 1.41.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $43.96 million during the quarter, compared to analysts' expectations 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 for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS. Analysts predict that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The firm 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 a boost from Napco Security Technologies's previous quarterly dividend of $0.13. The ex-dividend date is Thursday, June 12th. This represents a $0.56 dividend on an annualized basis and a yield of 2.03%. Napco Security Technologies's dividend payout ratio is presently 45.90%.

Analysts Set New Price Targets

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

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