JPMorgan Chase & Co. Has $10.09 Million Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

JPMorgan Chase & Co. grew its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 318.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,812 shares of the industrial products company’s stock after purchasing an additional 216,017 shares during the period. JPMorgan Chase & Co.’s holdings in Napco Security Technologies were worth $10,092,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NSSC. Truvestments Capital LLC lifted its stake in Napco Security Technologies by 6.7% in the 4th quarter. Truvestments Capital LLC now owns 7,009 shares of the industrial products company’s stock worth $249,000 after acquiring an additional 443 shares in the last quarter. Isthmus Partners LLC boosted 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 during the period. Bridge City Capital LLC grew its position in Napco Security Technologies by 1.0% during the fourth quarter. Bridge City Capital LLC now owns 69,250 shares of the industrial products company’s stock valued at $2,463,000 after purchasing an additional 667 shares in the last quarter. Franklin Resources Inc. increased its stake in Napco Security Technologies by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 19,961 shares of the industrial products company’s stock valued at $807,000 after buying an additional 915 shares during the period. Finally, KBC Group NV lifted its position in Napco Security Technologies by 83.8% in the 4th quarter. KBC Group NV now owns 2,049 shares of the industrial products company’s stock worth $73,000 after buying an additional 934 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Stock Performance

Shares of NSSC stock opened at $22.08 on Tuesday. The stock’s 50 day simple moving average is $23.93 and its 200 day simple moving average is $32.58. Napco Security Technologies, Inc. has a twelve month low of $19.00 and a twelve month high of $58.09. The company has a market capitalization of $803.73 million, a price-to-earnings ratio of 16.98 and a beta of 1.51.

Napco Security Technologies (NASDAQ:NSSC) last issued 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). The firm had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. Napco Security Technologies’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 earnings per share. On average, analysts forecast that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio (DPR) is 38.46%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Craig Hallum downgraded 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 note on Tuesday, February 4th. TD Cowen lowered 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 report on Tuesday, February 4th. Lake Street Capital dropped their price objective on Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Needham & Company LLC cut their price objective on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Finally, Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Napco Security Technologies has a consensus rating of “Hold” and an average target price of $35.50.

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.