Point72 Asset Management L.P. Purchases 589,888 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Point72 Asset Management L.P. boosted its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 1,221.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 638,173 shares of the industrial products company's stock after purchasing an additional 589,888 shares during the period. Point72 Asset Management L.P. owned about 1.74% of Napco Security Technologies worth $22,693,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSSC. Corient Private Wealth LLC increased its position in Napco Security Technologies by 102.4% in the 4th 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 in the last quarter. Wellington Management Group LLP acquired a new stake in Napco Security Technologies in the 4th quarter valued at about $10,427,000. JPMorgan Chase & Co. increased its position in Napco Security Technologies by 318.6% in the 4th quarter. JPMorgan Chase & Co. now owns 283,812 shares of the industrial products company's stock valued at $10,092,000 after acquiring an additional 216,017 shares in the last quarter. Marshall Wace LLP increased its position in Napco Security Technologies by 122.9% in the 4th quarter. Marshall Wace LLP now owns 322,293 shares of the industrial products company's stock valued at $11,461,000 after acquiring an additional 177,727 shares in the last quarter. Finally, Copeland Capital Management LLC increased its position in Napco Security Technologies by 15.1% in the 4th quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company's stock valued at $42,481,000 after acquiring an additional 156,495 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Wall Street Analysts Forecast Growth

NSSC has been the subject of several research reports. Needham & Company LLC lowered their price objective 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 cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating and lowered their price target for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Lake Street Capital set a $26.00 price target on shares of Napco Security Technologies in a research report on Monday, May 5th. Craig Hallum cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price target for the company. in a research report on Tuesday, February 4th. Finally, Cowen cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Napco Security Technologies currently has a consensus rating of "Hold" and an average price target of $32.20.

Napco Security Technologies Price Performance

Shares of NASDAQ:NSSC opened at $27.83 on Friday. Napco Security Technologies, Inc. has a one year low of $19.00 and a one year high of $58.09. The company has a 50 day moving average of $23.45 and a 200-day moving average of $30.08. The stock has a market cap of $992.31 million, a price-to-earnings ratio of 21.41 and a beta of 1.41.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $43.96 million during the quarter, compared to analysts' expectations of $45.11 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The business's revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 earnings per share. Equities research analysts anticipate that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 12th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.56 dividend on an annualized basis and a yield of 2.01%. This is a boost from Napco Security Technologies's previous quarterly dividend of $0.13. Napco Security Technologies's 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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