Thrivent Financial for Lutherans Decreases Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Thrivent Financial for Lutherans trimmed its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 28.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,541 shares of the industrial products company's stock after selling 18,789 shares during the period. Thrivent Financial for Lutherans owned about 0.13% of Napco Security Technologies worth $1,655,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NSSC. FMR LLC lifted its stake in shares of Napco Security Technologies by 30.8% in the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company's stock worth $85,075,000 after acquiring an additional 494,988 shares during the period. Copeland Capital Management LLC raised its holdings in Napco Security Technologies by 15.1% during the 4th quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company's stock worth $42,481,000 after purchasing an additional 156,495 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Napco Security Technologies by 14.3% in the 3rd quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company's stock worth $38,809,000 after purchasing an additional 120,304 shares during the period. State Street Corp boosted its stake in shares of Napco Security Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 783,327 shares of the industrial products company's stock valued at $31,790,000 after purchasing an additional 16,931 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Napco Security Technologies by 35.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 439,421 shares of the industrial products company's stock worth $17,779,000 after buying an additional 114,346 shares during the last quarter. 85.07% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

NSSC has been the subject of several research analyst reports. Craig Hallum lowered Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price objective for the company. in a research report on Tuesday, February 4th. Needham & Company LLC dropped their price target on Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. TD Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Lake Street Capital decreased their price target on shares of Napco Security Technologies from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Finally, Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $35.50.

Napco Security Technologies Price Performance

Shares of NASDAQ:NSSC traded down $0.02 during midday trading on Wednesday, hitting $22.65. 20,703 shares of the company's stock were exchanged, compared to its average volume of 491,045. Napco Security Technologies, Inc. has a 12 month low of $22.28 and a 12 month high of $58.09. The company has a market cap of $824.41 million, a PE ratio of 17.43 and a beta of 1.59. The stock has a 50 day moving average price of $26.66 and a 200-day moving average price of $34.04.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $42.90 million during the quarter, compared to analysts' expectations of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.34 earnings per share. On average, analysts anticipate that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, March 12th. Napco Security Technologies's dividend payout ratio is 38.46%.

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.