Gotham Asset Management LLC Sells 14,662 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Gotham Asset Management LLC reduced its position in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,726 shares of the industrial products company's stock after selling 14,662 shares during the quarter. Gotham Asset Management LLC's holdings in Napco Security Technologies were worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new position in shares of Napco Security Technologies during the fourth quarter worth $32,000. Caption Management LLC bought a new position in shares of Napco Security Technologies during the fourth quarter worth $33,000. Physician Wealth Advisors Inc. bought a new position in shares of Napco Security Technologies during the fourth quarter worth $63,000. KBC Group NV boosted its position in shares of Napco Security Technologies by 83.8% during the fourth quarter. KBC Group NV now owns 2,049 shares of the industrial products company's stock worth $73,000 after acquiring an additional 934 shares during the last quarter. Finally, Huntington National Bank boosted its position 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 acquiring an additional 558 shares during the last quarter. Institutional investors own 85.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Needham & Company LLC dropped their target price on shares of 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. TD Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and dropped their target price for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Craig Hallum downgraded 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 note on Tuesday, February 4th. Lake Street Capital set a $26.00 price target on shares of Napco Security Technologies in a research note on Monday, May 5th. Finally, Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Napco Security Technologies presently has a consensus rating of "Hold" and a consensus price target of $32.20.

Napco Security Technologies Stock Up 0.4%

Napco Security Technologies stock opened at $27.95 on Tuesday. The company has a market cap of $996.59 million, a price-to-earnings ratio of 21.50 and a beta of 1.41. The firm's fifty day moving average is $23.51 and its 200 day moving average is $29.89. Napco Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $58.09.

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, beating the consensus estimate 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 business had revenue of $43.96 million for the quarter, compared to the consensus estimate of $45.11 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The business's revenue for the quarter was down 10.8% on a year-over-year basis. On average, equities 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 company 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. The ex-dividend date is Thursday, June 12th. This represents a $0.56 annualized dividend and a dividend yield of 2.00%. This is an increase from Napco Security Technologies's previous quarterly dividend of $0.13. Napco Security Technologies's dividend payout ratio is currently 45.90%.

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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