UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 12,053 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 16.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 60,936 shares of the industrial products company’s stock after selling 12,053 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Napco Security Technologies were worth $2,465,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. AE Wealth Management LLC lifted its stake in Napco Security Technologies by 3.8% in 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 during the period. Quarry LP increased its position in Napco Security Technologies by 91.2% during the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 312 shares during the period. CWM LLC raised its holdings in Napco Security Technologies by 14.8% in the 2nd quarter. CWM LLC now owns 2,761 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 356 shares in the last quarter. Allworth Financial LP lifted its position in shares of Napco Security Technologies by 18.9% in the 3rd quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 400 shares during the period. Finally, Comerica Bank boosted its stake in shares of Napco Security Technologies by 19.1% during the 1st quarter. Comerica Bank now owns 2,586 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 415 shares in the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on NSSC. TD Cowen decreased their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Craig Hallum decreased their target price 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. Lake Street Capital dropped their price target on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC increased their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Finally, StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.14.

Napco Security Technologies Trading Down 2.7 %

Napco Security Technologies stock opened at $37.00 on Friday. Napco Security Technologies, Inc. has a 12 month low of $31.27 and a 12 month high of $58.09. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 27.21 and a beta of 1.62. The business’s fifty day simple moving average is $38.82 and its two-hundred day simple moving average is $45.51.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The firm had revenue of $44.00 million during the quarter, compared to the consensus estimate of $46.56 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. On average, equities research analysts predict that Napco Security Technologies, Inc. will post 1.49 EPS for the current year.

Napco Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies’s payout ratio is 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.