SkyOak Wealth LLC Takes Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

SkyOak Wealth LLC bought a new position in Napco Security Technologies, Inc. (NASDAQ:NSSC) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 7,687 shares of the industrial products company’s stock, valued at approximately $273,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Thrivent Financial for Lutherans acquired a new stake in Napco Security Technologies during the 3rd quarter worth approximately $2,644,000. State Street Corp increased its position in shares of Napco Security Technologies by 2.2% in the third quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock worth $31,790,000 after acquiring an additional 16,931 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Napco Security Technologies in the third quarter worth $672,000. Barclays PLC raised its stake in shares of Napco Security Technologies by 266.0% in the 3rd quarter. Barclays PLC now owns 62,085 shares of the industrial products company’s stock valued at $2,511,000 after acquiring an additional 45,122 shares during the period. Finally, Copeland Capital Management LLC lifted its holdings 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 valued at $42,003,000 after acquiring an additional 540,436 shares in the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Napco Security Technologies Stock Down 1.3 %

NASDAQ:NSSC opened at $36.70 on Monday. The stock has a fifty day simple moving average of $36.72 and a 200 day simple moving average of $41.37. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 26.99 and a beta of 1.64. Napco Security Technologies, Inc. has a 1-year low of $31.77 and a 1-year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last released its earnings results 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). The business had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. Napco Security Technologies’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 EPS. Equities analysts predict that Napco Security Technologies, Inc. will post 1.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on NSSC. Lake Street Capital reduced their price objective on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Craig Hallum reduced their price target on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Needham & Company LLC reissued a “buy” rating and set a $52.00 target price on shares of Napco Security Technologies in a research report on Thursday, January 16th. Finally, TD Cowen decreased their target price on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Napco Security Technologies has an average rating of “Moderate Buy” and an average target price 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.