Squarepoint Ops LLC Lowers Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Squarepoint Ops LLC trimmed its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 40.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 197,474 shares of the industrial products company's stock after selling 132,448 shares during the period. Squarepoint Ops LLC owned approximately 0.54% of Napco Security Technologies worth $7,022,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Barclays PLC raised its stake in Napco Security Technologies by 266.0% during the third quarter. Barclays PLC now owns 62,085 shares of the industrial products company's stock valued at $2,511,000 after buying an additional 45,122 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Napco Security Technologies by 50.3% in the fourth 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. Linden Thomas Advisory Services LLC grew its holdings in shares of Napco Security Technologies by 21.0% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 24,579 shares of the industrial products company's stock valued at $874,000 after buying an additional 4,265 shares during the last quarter. KBC Group NV grew its holdings 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 valued at $73,000 after buying an additional 934 shares during the last quarter. Finally, Moody Aldrich Partners LLC increased its position in shares of Napco Security Technologies by 9.6% during the fourth quarter. Moody Aldrich Partners LLC now owns 79,382 shares of the industrial products company's stock valued at $2,823,000 after acquiring an additional 6,954 shares in the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Napco Security Technologies Stock Performance

Shares of NSSC stock traded down $0.44 on Wednesday, reaching $27.90. The stock had a trading volume of 352,697 shares, compared to its average volume of 504,915. Napco Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $58.09. The stock has a market cap of $994.80 million, a P/E ratio of 21.46 and a beta of 1.41. The company has a 50 day simple moving average of $23.93 and a 200 day simple moving average of $29.57.

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 for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The company 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%. Napco Security Technologies's revenue was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 earnings per share. 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 business also recently announced 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. This represents a $0.56 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Thursday, June 12th. Napco Security Technologies's dividend payout ratio (DPR) is currently 45.90%.

Analysts Set New Price Targets

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