MetLife Investment Management LLC Has $766,000 Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

MetLife Investment Management LLC boosted its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 5.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,549 shares of the industrial products company’s stock after purchasing an additional 1,204 shares during the period. MetLife Investment Management LLC owned 0.06% of Napco Security Technologies worth $766,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Corient Private Wealth LLC lifted its position in shares of Napco Security Technologies by 102.4% during the fourth quarter. Corient Private Wealth LLC now owns 18,104 shares of the industrial products company’s stock worth $644,000 after purchasing an additional 768,629 shares in the last quarter. Wellington Management Group LLP acquired a new position in Napco Security Technologies during the 4th quarter worth $10,427,000. JPMorgan Chase & Co. boosted its position in Napco Security Technologies by 318.6% in the 4th quarter. JPMorgan Chase & Co. now owns 283,812 shares of the industrial products company’s stock valued at $10,092,000 after buying an additional 216,017 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Napco Security Technologies by 122.9% in the 4th quarter. Marshall Wace LLP now owns 322,293 shares of the industrial products company’s stock valued at $11,461,000 after buying an additional 177,727 shares during the period. Finally, Copeland Capital Management LLC raised its position in shares of Napco Security Technologies by 15.1% during the fourth quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company’s stock worth $42,481,000 after acquiring an additional 156,495 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Trading Up 3.4 %

NASDAQ:NSSC opened at $23.78 on Friday. Napco Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $58.09. The stock has a 50-day moving average price of $23.07 and a two-hundred day moving average price of $30.96. The stock has a market cap of $865.62 million, a price-to-earnings ratio of 18.29 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 (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). The business had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. Napco Security Technologies’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Sell-side analysts forecast that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NSSC shares. Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Needham & Company LLC dropped their price target on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, March 21st. TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. Craig Hallum cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a research report on Tuesday, February 4th. Finally, Lake Street Capital cut their price target on Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.