Rice Hall James & Associates LLC Has $6.99 Million Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Rice Hall James & Associates LLC increased its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 23.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 196,472 shares of the industrial products company's stock after acquiring an additional 37,262 shares during the period. Rice Hall James & Associates LLC owned about 0.54% of Napco Security Technologies worth $6,987,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kornitzer Capital Management Inc. KS raised its holdings in Napco Security Technologies by 15.5% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 274,970 shares of the industrial products company's stock worth $9,778,000 after acquiring an additional 36,975 shares in the last quarter. Truist Financial Corp raised its holdings in Napco Security Technologies by 4.4% during the fourth quarter. Truist Financial Corp now owns 27,420 shares of the industrial products company's stock worth $975,000 after acquiring an additional 1,168 shares in the last quarter. Principal Financial Group Inc. raised its stake in Napco Security Technologies by 9.3% in the fourth quarter. Principal Financial Group Inc. now owns 21,190 shares of the industrial products company's stock valued at $754,000 after buying an additional 1,804 shares during the period. Congress Asset Management Co. raised its stake in Napco Security Technologies by 94.4% in the fourth quarter. Congress Asset Management Co. now owns 279,670 shares of the industrial products company's stock valued at $9,945,000 after buying an additional 135,802 shares during the period. Finally, Rhumbline Advisers raised its stake in Napco Security Technologies by 1.9% in the fourth quarter. Rhumbline Advisers now owns 49,567 shares of the industrial products company's stock valued at $1,763,000 after buying an additional 935 shares during the period. Institutional investors own 85.07% of the company's stock.

Analysts Set New Price Targets

NSSC has been the topic of several research analyst reports. Needham & Company LLC dropped their price objective on Napco Security Technologies from $52.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. Lake Street Capital dropped 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 lowered Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price objective on the stock. in a research note on Tuesday, February 4th. DA Davidson dropped their price objective on Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Finally, TD Cowen lowered Napco Security Technologies from a "buy" rating to a "hold" rating and dropped their price objective for the company from $46.00 to $27.00 in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $38.17.

Napco Security Technologies Stock Down 1.4 %

Shares of Napco Security Technologies stock traded down $0.35 on Friday, hitting $24.76. The stock had a trading volume of 432,316 shares, compared to its average volume of 637,474. Napco Security Technologies, Inc. has a twelve month low of $24.48 and a twelve month high of $58.09. The business's 50 day moving average is $32.68 and its two-hundred day moving average is $38.58. The stock has a market cap of $901.26 million, a price-to-earnings ratio of 19.05 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its earnings results on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). The firm 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 period in the previous year, the company posted $0.34 EPS. As a group, equities analysts predict that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies's dividend payout ratio is currently 38.46%.

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.