Hennion & Walsh Asset Management Inc. Acquires 5,685 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Hennion & Walsh Asset Management Inc. increased its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 13.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,355 shares of the industrial products company’s stock after buying an additional 5,685 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Napco Security Technologies were worth $1,755,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NSSC. Farther Finance Advisors LLC increased its holdings in shares of Napco Security Technologies by 72,300.0% in the 3rd 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 period. Quarry LP grew its stake in Napco Security Technologies by 91.2% in the second 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 raised its holdings in Napco Security Technologies by 61.4% in 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 in the last quarter. First Horizon Advisors Inc. lifted its position in shares of 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 valued at $45,000 after buying an additional 579 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Napco Security Technologies by 54.7% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on NSSC shares. Lake Street Capital decreased 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 report on Tuesday, November 5th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. TD Cowen reduced their target price on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and issued a $52.00 price target on shares of Napco Security Technologies in a report on Thursday. Finally, Craig Hallum cut their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.43.

Napco Security Technologies Stock Performance

Napco Security Technologies stock opened at $34.96 on Friday. The business’s 50-day simple moving average is $36.94 and its two-hundred day simple moving average is $42.83. The company has a market cap of $1.28 billion, a PE ratio of 25.71 and a beta of 1.65. Napco Security Technologies, Inc. has a fifty-two week low of $31.77 and a fifty-two week high of $58.09.

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

Napco Security Technologies Dividend Announcement

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

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.