Sherbrooke Park Advisers LLC Purchases Shares of 9,559 Napco Security Technologies, Inc. (NASDAQ:NSSC)

Sherbrooke Park Advisers LLC bought a new position in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,559 shares of the industrial products company's stock, valued at approximately $340,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NSSC. Barclays PLC lifted its position in Napco Security Technologies by 266.0% in the 3rd quarter. Barclays PLC now owns 62,085 shares of the industrial products company's stock worth $2,511,000 after buying an additional 45,122 shares in the last quarter. Franklin Resources Inc. lifted its position in 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 worth $807,000 after buying an additional 915 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Napco Security Technologies by 74.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,795 shares of the industrial products company's stock worth $2,743,000 after buying an additional 28,962 shares in the last quarter. Annex Advisory Services LLC lifted its position in Napco Security Technologies by 4.1% in the 4th quarter. Annex Advisory Services LLC now owns 316,171 shares of the industrial products company's stock worth $11,243,000 after buying an additional 12,366 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Napco Security Technologies by 50.3% in the 4th quarter. SG Americas Securities LLC now owns 22,604 shares of the industrial products company's stock worth $804,000 after buying an additional 7,565 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

Napco Security Technologies Price Performance

NASDAQ:NSSC traded down $0.39 during midday trading on Friday, reaching $28.10. The stock had a trading volume of 352,251 shares, compared to its average volume of 506,298. Napco Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $58.09. The firm's fifty day simple moving average is $23.77 and its 200-day simple moving average is $29.71. The stock has a market capitalization of $1.00 billion, a P/E ratio of 21.62 and a beta of 1.41.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its 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 business had revenue of $43.96 million for the quarter, compared to analyst estimates of $45.11 million. During the same period last year, the business posted $0.37 EPS. Napco Security Technologies's revenue was down 10.8% compared to the same quarter last year. 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. Investors of record on Thursday, June 12th will be paid a $0.14 dividend. The ex-dividend date is Thursday, June 12th. This is a positive change from Napco Security Technologies's previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 1.99%. Napco Security Technologies's dividend payout ratio (DPR) is presently 45.90%.

Wall Street Analyst Weigh In

NSSC has been the topic of several analyst reports. TD Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and dropped their price target for the stock from $46.00 to $27.00 in a research note on Tuesday, February 4th. Craig Hallum lowered 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. Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating 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, Needham & Company LLC dropped their price target on shares of 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus 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.