23,266 Shares in NAPCO Security Technologies, Inc. $NSSC Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,266 shares of the industrial products company’s stock, valued at approximately $981,000. Hsbc Holdings PLC owned approximately 0.07% of NAPCO Security Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in NSSC. Vanguard Group Inc. grew its position in shares of NAPCO Security Technologies by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 2,882,063 shares of the industrial products company’s stock worth $120,182,000 after buying an additional 31,644 shares during the period. Janus Henderson Group PLC increased its stake in shares of NAPCO Security Technologies by 3.0% in the 4th quarter. Janus Henderson Group PLC now owns 1,569,363 shares of the industrial products company’s stock valued at $65,457,000 after acquiring an additional 45,093 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of NAPCO Security Technologies by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,028,863 shares of the industrial products company’s stock valued at $42,910,000 after acquiring an additional 4,324 shares during the period. State Street Corp boosted its stake in NAPCO Security Technologies by 14.4% during the fourth quarter. State Street Corp now owns 896,315 shares of the industrial products company’s stock worth $37,484,000 after acquiring an additional 112,495 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in NAPCO Security Technologies by 668.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock worth $36,986,000 after acquiring an additional 749,065 shares in the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

NAPCO Security Technologies Trading Down 0.9%

NSSC opened at $35.74 on Tuesday. NAPCO Security Technologies, Inc. has a 1-year low of $29.27 and a 1-year high of $48.12. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 34.37 and a beta of 1.44. The company’s fifty day moving average price is $37.32 and its two-hundred day moving average price is $40.59.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, May 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $49.17 million during the quarter, compared to analysts’ expectations of $49.26 million. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. As a group, equities analysts forecast that NAPCO Security Technologies, Inc. will post 1.48 earnings per share for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, June 12th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, June 12th. NAPCO Security Technologies’s payout ratio is currently 57.69%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wall Street Zen cut shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. DA Davidson reiterated a “buy” rating and set a $52.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Weiss Ratings cut shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, TD Cowen restated a “buy” rating and issued a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.67.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.