Ameriprise Financial Inc. Sells 17,572 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Ameriprise Financial Inc. decreased its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 72.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,760 shares of the industrial products company's stock after selling 17,572 shares during the quarter. Ameriprise Financial Inc.'s holdings in Napco Security Technologies were worth $240,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NSSC. Corient Private Wealth LLC raised its holdings in shares of Napco Security Technologies by 102.4% during the fourth quarter. Corient Private Wealth LLC now owns 18,104 shares of the industrial products company's stock valued at $644,000 after acquiring an additional 768,629 shares during the period. Wellington Management Group LLP purchased a new position in Napco Security Technologies during the 4th quarter worth approximately $10,427,000. JPMorgan Chase & Co. grew its position in Napco Security Technologies by 318.6% during the 4th quarter. JPMorgan Chase & Co. now owns 283,812 shares of the industrial products company's stock worth $10,092,000 after purchasing an additional 216,017 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Napco Security Technologies by 122.9% during the fourth quarter. Marshall Wace LLP now owns 322,293 shares of the industrial products company's stock valued at $11,461,000 after buying an additional 177,727 shares in the last quarter. Finally, Congress Asset Management Co. grew its holdings in shares of Napco Security Technologies by 94.4% during the fourth quarter. Congress Asset Management Co. now owns 279,670 shares of the industrial products company's stock valued at $9,945,000 after buying an additional 135,802 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Napco Security Technologies Price Performance

NASDAQ:NSSC traded up $0.16 during trading hours on Friday, reaching $28.84. The company's stock had a trading volume of 396,727 shares, compared to its average volume of 502,923. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 22.18 and a beta of 1.44. The business's 50-day moving average is $24.69 and its 200-day moving average is $29.15. Napco Security Technologies, Inc. has a one year low of $19.00 and a one year 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The firm 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 was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 earnings per share. On average, sell-side analysts predict that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.94%. This is a boost from Napco Security Technologies's previous quarterly dividend of $0.13. The ex-dividend date is Thursday, June 12th. Napco Security Technologies's dividend payout ratio is 45.90%.

Wall Street Analysts Forecast Growth

NSSC has been the topic of a number of recent research reports. Lake Street Capital set a $26.00 target price on Napco Security Technologies in a research note on Monday, May 5th. Needham & Company LLC lowered their target price on Napco Security Technologies from $37.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Napco Security Technologies 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.