Stanley Laman Group Ltd. Makes New $3.71 Million Investment in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Stanley Laman Group Ltd. acquired a new stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 104,390 shares of the industrial products company’s stock, valued at approximately $3,712,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Copeland Capital Management LLC boosted its position in shares of Napco Security Technologies by 108.6% during the 3rd quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock worth $42,003,000 after purchasing an additional 540,436 shares in the last quarter. FMR LLC grew its position in shares of Napco Security Technologies by 30.8% during the 3rd quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock valued at $85,075,000 after purchasing an additional 494,988 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Napco Security Technologies by 426.5% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company’s stock worth $9,629,000 after acquiring an additional 192,790 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in Napco Security Technologies by 74.3% in the third quarter. Rockefeller Capital Management L.P. now owns 300,901 shares of the industrial products company’s stock worth $12,174,000 after purchasing an additional 128,316 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Napco Security Technologies by 14.3% in the third quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company’s stock valued at $38,809,000 after acquiring an additional 120,304 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Craig Hallum cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a report on Tuesday, February 4th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Needham & Company LLC decreased their price objective on shares of Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. 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 research report on Tuesday, November 5th. Finally, TD Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Napco Security Technologies currently has an average rating of “Hold” and an average target price of $38.17.

Napco Security Technologies Stock Down 3.1 %

Napco Security Technologies stock opened at $25.05 on Thursday. Napco Security Technologies, Inc. has a 52-week low of $24.90 and a 52-week high of $58.09. The company has a fifty day simple moving average of $34.53 and a 200-day simple moving average of $39.86. The firm has a market capitalization of $918.83 million, a price-to-earnings ratio of 19.27 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. During the same quarter last year, the firm posted $0.34 EPS. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, research analysts anticipate that Napco Security Technologies, Inc. will post 1.55 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 annualized dividend and a dividend yield of 2.00%. Napco Security Technologies’s payout ratio is currently 38.46%.

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.