Tributary Capital Management LLC Trims Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Tributary Capital Management LLC lowered its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,048 shares of the industrial products company’s stock after selling 610 shares during the quarter. Tributary Capital Management LLC’s holdings in Napco Security Technologies were worth $428,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NSSC. Public Employees Retirement Association of Colorado purchased a new stake in shares of Napco Security Technologies in the second quarter valued at $184,000. AE Wealth Management LLC lifted its holdings in Napco Security Technologies by 3.8% during the 2nd 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 in the last quarter. Sei Investments Co. lifted its holdings in Napco Security Technologies by 88.2% during the 2nd quarter. Sei Investments Co. now owns 31,968 shares of the industrial products company’s stock valued at $1,661,000 after buying an additional 14,985 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in Napco Security Technologies by 57.1% during the 2nd quarter. Squarepoint Ops LLC now owns 169,507 shares of the industrial products company’s stock valued at $8,806,000 after buying an additional 61,598 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Napco Security Technologies by 29.6% during the 2nd quarter. AQR Capital Management LLC now owns 138,790 shares of the industrial products company’s stock valued at $7,210,000 after buying an additional 31,737 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NSSC. Craig Hallum decreased 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 report on Tuesday, November 5th. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. TD Cowen reduced 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 report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $52.00 price target on shares of Napco Security Technologies in a report on Thursday, January 16th. Finally, Lake Street Capital reduced their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Napco Security Technologies presently has an average rating of “Moderate Buy” and an average price target of $46.43.

Napco Security Technologies Stock Down 1.1 %

Shares of Napco Security Technologies stock opened at $36.54 on Friday. The firm’s 50 day moving average price is $36.81 and its 200-day moving average price is $42.12. Napco Security Technologies, Inc. has a 52-week low of $31.77 and a 52-week high of $58.09. The company has a market cap of $1.34 billion, a P/E ratio of 26.87 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The firm had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $46.56 million. During the same period in the previous year, the firm earned $0.28 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Napco Security Technologies, Inc. will post 1.55 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, December 12th. Napco Security Technologies’s dividend payout ratio is presently 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.