JPMorgan Chase & Co. Buys 28,962 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

JPMorgan Chase & Co. boosted its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 74.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 67,795 shares of the industrial products company’s stock after purchasing an additional 28,962 shares during the period. JPMorgan Chase & Co.’s holdings in Napco Security Technologies were worth $2,743,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Napco Security Technologies by 32.9% during the second quarter. American Century Companies Inc. now owns 74,243 shares of the industrial products company’s stock valued at $3,857,000 after acquiring an additional 18,364 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Napco Security Technologies by 35.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company’s stock valued at $20,019,000 after purchasing an additional 101,182 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Napco Security Technologies by 17.4% in the 2nd quarter. Renaissance Technologies LLC now owns 244,400 shares of the industrial products company’s stock worth $12,697,000 after buying an additional 36,200 shares during the period. Public Employees Retirement Association of Colorado bought a new position in shares of Napco Security Technologies during the 2nd quarter worth $184,000. Finally, AE Wealth Management LLC increased its stake 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 valued at $270,000 after buying an additional 189 shares during the period. 85.07% of the stock is owned by hedge funds and other institutional investors.

Napco Security Technologies Stock Up 0.4 %

NASDAQ:NSSC opened at $34.96 on Tuesday. The firm has a 50 day moving average of $36.87 and a 200 day moving average of $42.54. Napco Security Technologies, Inc. has a 52 week low of $31.77 and a 52 week high of $58.09. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 25.71 and a beta of 1.65.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 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 quarter in the prior year, the company posted $0.28 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts expect that Napco Security Technologies, Inc. will post 1.55 EPS for the current year.

Napco Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, December 12th. Napco Security Technologies’s dividend payout ratio is presently 36.76%.

Analyst Ratings Changes

NSSC has been the subject of a number of research reports. Craig Hallum lowered their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 price target on shares of Napco Security Technologies in a research report on Thursday, January 16th. DA Davidson cut their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, TD Cowen cut their price target on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Napco Security Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.43.

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.