Laurus Investment Counsel Inc. Grows Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Laurus Investment Counsel Inc. raised its position in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 27.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 79,560 shares of the industrial products company's stock after buying an additional 17,220 shares during the period. Napco Security Technologies comprises about 1.5% of Laurus Investment Counsel Inc.'s portfolio, making the stock its 15th largest holding. Laurus Investment Counsel Inc. owned approximately 0.22% of Napco Security Technologies worth $2,829,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NSSC. Needham & Company LLC lowered their target price on Napco Security Technologies from $52.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday. TD Cowen cut Napco Security Technologies from a "buy" rating to a "hold" rating and decreased their price objective for the company from $46.00 to $27.00 in a report on Tuesday. Lake Street Capital decreased their price objective on Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Craig Hallum cut Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price objective on the stock. in a report on Tuesday. Finally, StockNews.com upgraded Napco Security Technologies from a "sell" rating to a "hold" rating in a report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $39.14.

Napco Security Technologies Stock Down 3.0 %

NASDAQ NSSC traded down $0.80 during trading hours on Wednesday, hitting $25.62. 854,481 shares of the stock were exchanged, compared to its average volume of 602,996. The company has a market cap of $939.74 million, a price-to-earnings ratio of 18.80 and a beta of 1.64. Napco Security Technologies, Inc. has a 12-month low of $24.90 and a 12-month high of $58.09. The stock has a 50-day moving average of $36.19 and a 200 day moving average of $40.99.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings results 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). Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The firm had revenue of $42.90 million for the quarter, compared to analysts' expectations of $49.93 million. During the same period in the prior year, the company earned $0.34 earnings per share. The company's revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities research analysts expect that Napco Security Technologies, Inc. will post 1.55 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.95%. Napco Security Technologies's dividend payout ratio (DPR) is 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.