Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 60.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,545 shares of the industrial products company's stock after selling 13,202 shares during the period. Hsbc Holdings PLC's holdings in Napco Security Technologies were worth $304,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Uniplan Investment Counsel Inc. lifted its holdings in shares of Napco Security Technologies by 13.3% during the fourth quarter. Uniplan Investment Counsel Inc. now owns 129,714 shares of the industrial products company's stock worth $4,613,000 after buying an additional 15,179 shares during the last quarter. Stifel Financial Corp raised its position in Napco Security Technologies by 3.5% in the fourth quarter. Stifel Financial Corp now owns 80,482 shares of the industrial products company's stock valued at $2,862,000 after purchasing an additional 2,700 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in Napco Security Technologies during the fourth quarter worth $968,000. Mcmorgan & Co. LLC lifted its holdings in Napco Security Technologies by 18.6% during the fourth quarter. Mcmorgan & Co. LLC now owns 98,319 shares of the industrial products company's stock worth $3,496,000 after acquiring an additional 15,438 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of Napco Security Technologies by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 21,549 shares of the industrial products company's stock valued at $766,000 after purchasing an additional 1,204 shares in the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on NSSC shares. 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. Lake Street Capital set a $26.00 price target on shares of Napco Security Technologies in a report on Monday, May 5th. Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. TD Cowen lowered Napco Security Technologies from a "buy" rating to a "hold" rating and cut their target price for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Finally, Craig Hallum cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price objective for the company. 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, Napco Security Technologies presently has an average rating of "Hold" and a consensus target price of $32.20.

Napco Security Technologies Stock Performance

NSSC traded up $0.17 on Tuesday, reaching $27.58. The company had a trading volume of 333,730 shares, compared to its average volume of 507,496. The company has a market cap of $983.39 million, a price-to-earnings ratio of 21.22 and a beta of 1.41. Napco Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $58.09. The business has a 50 day simple moving average of $23.31 and a 200 day simple moving average of $30.26.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly 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 return on equity of 27.65% and a net margin of 25.94%. The business had revenue of $43.96 million during the quarter, compared to analysts' expectations of $45.11 million. During the same quarter last year, the business posted $0.37 EPS. The firm's revenue for the quarter was down 10.8% compared to the same quarter last year. As a group, equities research 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 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 represents a $0.56 annualized dividend and a yield of 2.03%. The ex-dividend date is Thursday, June 12th. This is a positive change from Napco Security Technologies's previous quarterly dividend of $0.13. Napco Security Technologies's dividend payout ratio is 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.