Annex Advisory Services LLC Has $11.24 Million Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Annex Advisory Services LLC increased its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 316,171 shares of the industrial products company’s stock after buying an additional 12,366 shares during the quarter. Annex Advisory Services LLC owned approximately 0.86% of Napco Security Technologies worth $11,243,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Napco Security Technologies by 72,300.0% in the third quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 723 shares during the last quarter. Quarry LP lifted its stake in Napco Security Technologies by 91.2% in the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 312 shares during the last quarter. KBC Group NV grew its holdings in Napco Security Technologies by 61.4% during the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 424 shares during the period. First Horizon Advisors Inc. increased its position in Napco Security Technologies by 109.7% during the third quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock worth $45,000 after buying an additional 579 shares during the last quarter. Finally, Huntington National Bank lifted its position in shares of Napco Security Technologies by 54.7% in the third quarter. Huntington National Bank now owns 1,777 shares of the industrial products company’s stock valued at $72,000 after buying an additional 628 shares during the last quarter. 85.07% of the stock is owned by institutional investors.

Napco Security Technologies Stock Up 0.4 %

NSSC stock opened at $34.96 on Monday. Napco Security Technologies, Inc. has a 52 week low of $31.77 and a 52 week high of $58.09. The company has a market cap of $1.28 billion, a PE ratio of 25.71 and a beta of 1.65. The business has a 50-day simple moving average of $36.94 and a 200 day simple moving average of $42.68.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The business had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. Napco Security Technologies’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.28 EPS. On average, analysts anticipate that Napco Security Technologies, Inc. will post 1.55 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.50 annualized dividend and a yield of 1.43%. Napco Security Technologies’s dividend payout ratio is presently 36.76%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NSSC. DA Davidson dropped their price target on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Lake Street Capital cut their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price target on shares of Napco Security Technologies in a research note on Thursday. TD Cowen lowered their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.43.

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.