Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Purchased by Barclays PLC

Barclays PLC lifted its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 266.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 62,085 shares of the industrial products company's stock after acquiring an additional 45,122 shares during the quarter. Barclays PLC owned 0.17% of Napco Security Technologies worth $2,511,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in Napco Security Technologies by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 201,983 shares of the industrial products company's stock worth $10,493,000 after purchasing an additional 9,856 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Napco Security Technologies by 19.0% in the 2nd quarter. Principal Financial Group Inc. now owns 25,315 shares of the industrial products company's stock valued at $1,315,000 after purchasing an additional 4,042 shares during the last quarter. Kings Path Partners LLC purchased a new stake in shares of Napco Security Technologies during the 2nd quarter worth $554,000. Hantz Financial Services Inc. acquired a new position in shares of Napco Security Technologies during the second quarter worth $7,496,000. Finally, Commonwealth Equity Services LLC raised its stake in Napco Security Technologies by 143.9% in the second quarter. Commonwealth Equity Services LLC now owns 13,683 shares of the industrial products company's stock valued at $711,000 after buying an additional 8,072 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Price Performance

Napco Security Technologies stock traded up $0.19 during trading hours on Thursday, hitting $36.28. The stock had a trading volume of 123,138 shares, compared to its average volume of 443,305. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 26.68 and a beta of 1.62. Napco Security Technologies, Inc. has a 1-year low of $31.27 and a 1-year high of $58.09. The stock's fifty day moving average is $38.28 and its two-hundred day moving average is $44.73.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). The company had revenue of $44.00 million for the quarter, compared to analysts' expectations of $46.56 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. As a group, sell-side analysts anticipate that Napco Security Technologies, Inc. will post 1.49 EPS for the current year.

Napco Security Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies's dividend payout ratio is presently 36.76%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NSSC. TD Cowen cut their target price on Napco Security Technologies from $60.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. DA Davidson reduced their price target on shares of Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Craig Hallum dropped their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. StockNews.com raised Napco Security Technologies from a "sell" rating to a "hold" rating in a report on Tuesday, December 3rd. Finally, Lake Street Capital decreased their price objective on Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Napco Security Technologies has a consensus rating of "Moderate Buy" and an average target price of $47.14.

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.