Redmond Asset Management LLC Cuts Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Redmond Asset Management LLC trimmed its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,380 shares of the industrial products company’s stock after selling 1,295 shares during the period. Napco Security Technologies accounts for about 1.2% of Redmond Asset Management LLC’s holdings, making the stock its 21st largest holding. Redmond Asset Management LLC’s holdings in Napco Security Technologies were worth $4,743,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NSSC. Farther Finance Advisors LLC grew its position in Napco Security Technologies by 72,300.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 723 shares during the last quarter. KBC Group NV raised its stake in shares of Napco Security Technologies by 61.4% during the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock worth $45,000 after buying an additional 424 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Napco Security Technologies by 109.7% in the third quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 579 shares during the period. Huntington National Bank boosted its holdings in Napco Security Technologies by 54.7% during the third quarter. Huntington National Bank now owns 1,777 shares of the industrial products company’s stock worth $72,000 after buying an additional 628 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Napco Security Technologies in the 4th quarter worth approximately $86,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

Napco Security Technologies Stock Down 1.4 %

Shares of NSSC stock opened at $24.76 on Friday. The company has a market cap of $901.26 million, a P/E ratio of 19.05 and a beta of 1.64. The business has a 50 day moving average of $32.68 and a two-hundred day moving average of $38.58. Napco Security Technologies, Inc. has a 52 week low of $24.48 and a 52 week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The company had revenue of $42.90 million for the quarter, compared to analyst estimates of $49.93 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. Analysts expect that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.02%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 38.46%.

Analyst Ratings Changes

NSSC has been the subject of several research reports. Needham & Company LLC cut their price objective on Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. DA Davidson dropped their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. TD Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their target price for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. Finally, Craig Hallum lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.17.

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.