Hantz Financial Services Inc. Decreases Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Hantz Financial Services Inc. lessened its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,168 shares of the industrial products company’s stock after selling 3,529 shares during the period. Hantz Financial Services Inc. owned about 0.37% of Napco Security Technologies worth $4,771,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NSSC. Copeland Capital Management LLC increased its holdings in Napco Security Technologies by 108.6% during the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock worth $42,003,000 after buying an additional 540,436 shares during the last quarter. FMR LLC boosted its position in Napco Security Technologies by 30.8% during the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock worth $85,075,000 after purchasing an additional 494,988 shares during the period. Kornitzer Capital Management Inc. KS boosted its position in Napco Security Technologies by 426.5% during the third quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company’s stock worth $9,629,000 after purchasing an additional 192,790 shares during the period. Rockefeller Capital Management L.P. boosted its position in Napco Security Technologies by 74.3% during the third quarter. Rockefeller Capital Management L.P. now owns 300,901 shares of the industrial products company’s stock worth $12,174,000 after purchasing an additional 128,316 shares during the period. Finally, Geode Capital Management LLC boosted its position in Napco Security Technologies by 14.3% during the third quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company’s stock worth $38,809,000 after purchasing an additional 120,304 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. 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 report on Tuesday, November 5th. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Craig Hallum cut their target price on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $52.00 price objective on shares of Napco Security Technologies in a research report on Thursday, January 16th. Finally, TD Cowen cut their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Napco Security Technologies presently has an average rating of “Moderate Buy” and an average target price of $46.43.

Napco Security Technologies Price Performance

Shares of Napco Security Technologies stock opened at $35.98 on Thursday. Napco Security Technologies, Inc. has a 1 year low of $31.77 and a 1 year high of $58.09. The firm has a market cap of $1.32 billion, a PE ratio of 26.46 and a beta of 1.65. The company has a 50 day simple moving average of $36.77 and a two-hundred day simple moving average of $41.73.

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

Napco Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.50 annualized dividend and a yield of 1.39%. Napco Security Technologies’s payout ratio is presently 36.76%.

Napco Security Technologies 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.