Vanguard Group Inc. Increases Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Vanguard Group Inc. boosted its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,849,651 shares of the industrial products company's stock after buying an additional 32,482 shares during the period. Vanguard Group Inc. owned approximately 7.77% of Napco Security Technologies worth $101,334,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp raised its position 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 worth $31,790,000 after purchasing an additional 16,931 shares during the last quarter. XTX Topco Ltd purchased a new position in Napco Security Technologies in the third quarter worth about $672,000. Barclays PLC lifted its stake in shares of Napco Security Technologies by 266.0% in the third quarter. Barclays PLC now owns 62,085 shares of the industrial products company's stock worth $2,511,000 after buying an additional 45,122 shares in the last quarter. Truist Financial Corp grew its holdings in shares of 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 valued at $975,000 after buying an additional 1,168 shares during the last quarter. Finally, Annex Advisory Services LLC increased its position in shares of Napco Security Technologies by 4.1% during the fourth quarter. Annex Advisory Services LLC now owns 316,171 shares of the industrial products company's stock valued at $11,243,000 after acquiring an additional 12,366 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have commented on NSSC shares. Cowen downgraded Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Lake Street Capital reduced their price objective on Napco Security Technologies from $30.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Craig Hallum lowered 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. Needham & Company LLC reduced 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. Finally, TD Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and lowered their price objective for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $35.50.

Napco Security Technologies Stock Down 0.9 %

NASDAQ NSSC traded down $0.20 during trading on Tuesday, hitting $21.88. 17,831 shares of the stock traded hands, compared to its average volume of 561,507. The company has a market capitalization of $796.45 million, a P/E ratio of 16.83 and a beta of 1.51. Napco Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $58.09. The firm has a 50-day simple moving average of $23.93 and a 200-day simple moving average of $32.58.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The business had revenue of $42.90 million for the quarter, compared to analysts' expectations of $49.93 million. During the same period in the previous year, the company earned $0.34 EPS. Napco Security Technologies's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, research analysts predict that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Wednesday, March 12th. Napco Security Technologies's dividend payout ratio (DPR) 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.