Magnetar Financial LLC Takes Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Magnetar Financial LLC purchased a new stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 25,070 shares of the industrial products company’s stock, valued at approximately $891,000. Magnetar Financial LLC owned 0.07% of Napco Security Technologies as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KBC Group NV grew its holdings 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 worth $45,000 after purchasing an additional 424 shares in the last quarter. Truvestments Capital LLC grew its holdings in shares of Napco Security Technologies by 6.7% during the fourth quarter. Truvestments Capital LLC now owns 7,009 shares of the industrial products company’s stock worth $249,000 after purchasing an additional 443 shares in the last quarter. First Horizon Advisors Inc. grew its holdings 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 worth $45,000 after purchasing an additional 579 shares in the last quarter. Isthmus Partners LLC grew its holdings in shares of Napco Security Technologies by 0.7% during the fourth quarter. Isthmus Partners LLC now owns 87,363 shares of the industrial products company’s stock worth $3,107,000 after purchasing an additional 650 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Napco Security Technologies by 4.8% in the third quarter. Franklin Resources Inc. now owns 19,961 shares of the industrial products company’s stock worth $807,000 after buying an additional 915 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NSSC has been the topic of a number of recent research reports. Lake Street Capital set a $30.00 price target on shares of Napco Security Technologies and gave the company a “buy” rating in a research report on Tuesday, February 4th. Craig Hallum cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price target on the stock. in a research report on Tuesday, February 4th. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, TD Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and reduced their price target for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $35.83.

Napco Security Technologies Stock Performance

Shares of Napco Security Technologies stock opened at $23.94 on Friday. Napco Security Technologies, Inc. has a 52-week low of $23.00 and a 52-week high of $58.09. The stock has a market capitalization of $871.44 million, a price-to-earnings ratio of 18.42 and a beta of 1.59. The company’s 50 day moving average price is $28.20 and its 200-day moving average price is $34.78.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $49.93 million. During the same period in the previous year, the business earned $0.34 EPS. The business’s revenue was down 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies’s payout ratio is 38.46%.

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.