Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 75.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,983 shares of the industrial products company's stock after acquiring an additional 27,145 shares during the quarter. Victory Capital Management Inc. owned approximately 0.17% of Napco Security Technologies worth $2,240,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans purchased a new stake in Napco Security Technologies during the 3rd quarter worth about $2,644,000. State Street Corp boosted its holdings in Napco Security Technologies by 2.2% in the third 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 in the last quarter. XTX Topco Ltd acquired a new stake in Napco Security Technologies during the third quarter worth approximately $672,000. Barclays PLC lifted its position 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 buying an additional 45,122 shares during the last quarter. Finally, PDT Partners LLC acquired a new position in shares of Napco Security Technologies in the 3rd quarter valued at $1,475,000. Institutional investors and hedge funds own 85.07% of the company's stock.

Napco Security Technologies Price Performance

Shares of NASDAQ:NSSC traded down $0.30 during trading on Friday, reaching $23.94. The company had a trading volume of 261,367 shares, compared to its average volume of 456,923. Napco Security Technologies, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $58.09. The stock's fifty day moving average price is $28.39 and its 200 day moving average price is $34.94. The firm has a market capitalization of $871.37 million, a price-to-earnings ratio of 18.41 and a beta of 1.59.

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

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be given a $0.125 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a yield of 2.09%. Napco Security Technologies's payout ratio is currently 38.46%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NSSC. StockNews.com upgraded shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a research note on Tuesday, December 3rd. Craig Hallum downgraded Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 target price for the company. in a report on Tuesday, February 4th. Needham & Company LLC decreased their target price on Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating for the company in a research report on Friday. Cowen lowered Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Lake Street Capital set a $30.00 price objective on Napco Security Technologies and gave the company a "buy" 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 company's stock. Based on data from MarketBeat, Napco Security Technologies presently has a consensus rating of "Hold" and a consensus price target of $35.83.

Napco Security Technologies Company 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.