Fox Run Management L.L.C. Sells 15,039 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Fox Run Management L.L.C. trimmed its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 68.5% in the 4th quarter, Holdings Channel.com reports. The firm 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 have also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS purchased a new position in Napco Security Technologies during the fourth quarter valued at $239,000. Sei Investments Co. increased its holdings in shares of Napco Security Technologies by 18.3% during the fourth quarter. Sei Investments Co. now owns 45,148 shares of the industrial products company’s stock valued at $1,605,000 after acquiring an additional 6,991 shares in the last quarter. American Century Companies Inc. raised its position in shares of Napco Security Technologies by 5.1% in the 4th quarter. American Century Companies Inc. now owns 85,241 shares of the industrial products company’s stock worth $3,031,000 after purchasing an additional 4,106 shares during the last quarter. Magnetar Financial LLC bought a new position in Napco Security Technologies in the 4th quarter worth about $891,000. Finally, Teacher Retirement System of Texas grew its position in Napco Security Technologies by 6.4% during the 4th quarter. Teacher Retirement System of Texas now owns 44,370 shares of the industrial products company’s stock valued at $1,578,000 after purchasing an additional 2,670 shares during the last quarter. 85.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NSSC has been the subject of several recent analyst reports. Lake Street Capital decreased their target price on shares of Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday. Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Needham & Company LLC cut their target price on Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, TD Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Napco Security Technologies currently has an average rating of “Hold” and a consensus target price of $35.50.

Napco Security Technologies Trading Down 2.0 %

Shares of NSSC opened at $23.34 on Friday. Napco Security Technologies, Inc. has a 12-month low of $23.00 and a 12-month high of $58.09. The company has a market capitalization of $849.60 million, a PE ratio of 17.95 and a beta of 1.59. The business’s 50 day moving average is $27.39 and its 200 day moving average is $34.37.

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 the consensus estimate 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 the consensus estimate of $49.93 million. During the same quarter in the previous year, the business earned $0.34 EPS. The company’s quarterly revenue was down 9.3% on a year-over-year basis. Equities research analysts predict that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Wednesday, March 12th. Napco Security Technologies’s payout ratio is currently 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.