Fox Run Management L.L.C. Cuts Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Fox Run Management L.L.C. trimmed its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 68.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,917 shares of the industrial products company’s stock after selling 15,039 shares during the period. Fox Run Management L.L.C.’s holdings in Napco Security Technologies were worth $246,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NSSC. FMR LLC raised its stake in shares of 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 acquiring an additional 494,988 shares in the last quarter. Copeland Capital Management LLC grew its holdings in shares of Napco Security Technologies by 15.1% during 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 purchasing an additional 156,495 shares during the last quarter. Geode Capital Management LLC raised its position in Napco Security Technologies by 14.3% in the 3rd 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. State Street Corp lifted its stake in Napco Security Technologies by 2.2% in the third quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock worth $31,790,000 after purchasing an additional 16,931 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Napco Security Technologies by 35.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 439,421 shares of the industrial products company’s stock valued at $17,779,000 after buying an additional 114,346 shares during the period. Institutional investors own 85.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. TD Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating and lowered their target price for the company from $46.00 to $27.00 in a research note on Tuesday, February 4th. Lake Street Capital dropped their price objective on Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday. Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Needham & Company LLC lowered their price target on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, March 21st. Finally, StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $35.50.

Napco Security Technologies Trading Down 2.0 %

Shares of NASDAQ NSSC opened at $23.34 on Friday. The firm has a fifty day simple moving average of $27.39 and a two-hundred day simple moving average of $34.37. Napco Security Technologies, Inc. has a 12 month low of $23.00 and a 12 month high of $58.09. The firm has a market capitalization of $849.60 million, a PE ratio of 17.95 and a beta of 1.59.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $49.93 million. During the same quarter last year, the business earned $0.34 earnings per share. The business’s quarterly revenue was down 9.3% on a year-over-year basis. On average, sell-side analysts predict that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders 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 yield of 2.14%. Napco Security Technologies’s dividend payout ratio (DPR) is 38.46%.

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.