Annex Advisory Services LLC Purchases 12,366 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Annex Advisory Services LLC boosted its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 4.1% during the 4th quarter, according to the company in its most recent Form 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 period. Annex Advisory Services LLC’s holdings in Napco Security Technologies were worth $11,243,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. AE Wealth Management LLC increased its position in shares of Napco Security Technologies by 3.8% during the second quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company’s stock worth $270,000 after acquiring an additional 189 shares in the last quarter. Quarry LP raised its stake in shares of Napco Security Technologies by 91.2% in the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 312 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Napco Security Technologies by 18.9% in the third quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 400 shares in the last quarter. KBC Group NV boosted its position in shares of 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 valued at $45,000 after buying an additional 424 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Napco Security Technologies by 9.1% in the 3rd quarter. US Bancorp DE now owns 5,329 shares of the industrial products company’s stock worth $216,000 after acquiring an additional 443 shares in the last quarter. 85.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NSSC shares. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Craig Hallum decreased their price target on 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 reaffirmed a “buy” rating and set a $52.00 target price on shares of Napco Security Technologies in a research report on Thursday. TD Cowen cut 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, Lake Street Capital decreased their price objective on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.43.

Napco Security Technologies Stock Performance

Shares of Napco Security Technologies stock opened at $34.96 on Monday. The stock’s 50-day simple moving average is $36.94 and its 200 day simple moving average is $42.68. The stock has a market capitalization of $1.28 billion, a P/E ratio of 25.71 and a beta of 1.65. Napco Security Technologies, Inc. has a 52-week low of $31.77 and a 52-week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last posted 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 business had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $46.56 million. During the same period last year, the firm posted $0.28 earnings per share. Napco Security Technologies’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Napco Security Technologies, Inc. will post 1.55 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th were paid 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 payout ratio is 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.