XTX Topco Ltd Invests $672,000 in Napco Security Technologies, Inc. (NASDAQ:NSSC)

XTX Topco Ltd bought a new stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 16,597 shares of the industrial products company's stock, valued at approximately $672,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NSSC. First Horizon Advisors Inc. grew its holdings in shares of Napco Security Technologies by 810.3% during the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company's stock valued at $27,000 after buying an additional 470 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Napco Security Technologies by 72,300.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company's stock worth $29,000 after acquiring an additional 723 shares in the last quarter. Quarry LP boosted its holdings in shares of Napco Security Technologies by 91.2% during the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 312 shares during the last quarter. KBC Group NV raised its stake in Napco Security Technologies by 61.4% during the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company's stock worth $45,000 after acquiring an additional 424 shares during the period. Finally, Huntington National Bank raised its position in shares of Napco Security Technologies by 54.7% during the third quarter. Huntington National Bank now owns 1,777 shares of the industrial products company's stock valued at $72,000 after buying an additional 628 shares during the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Napco Security Technologies Price Performance

NASDAQ NSSC traded down $1.04 on Friday, reaching $37.00. The company had a trading volume of 388,319 shares, compared to its average volume of 445,013. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 27.97 and a beta of 1.62. The business has a 50 day moving average of $38.85 and a two-hundred day moving average of $45.64. Napco Security Technologies, Inc. has a fifty-two week low of $31.27 and a fifty-two week high of $58.09.

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

Napco Security Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies's payout ratio is presently 36.76%.

Analyst Ratings Changes

NSSC has been the topic of several recent research reports. DA Davidson dropped their target price on shares of Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC lifted their target price on Napco Security Technologies from $52.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, August 27th. TD Cowen cut their price target on Napco Security Technologies from $60.00 to $46.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Craig Hallum reduced their target price on Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Finally, Lake Street Capital lowered their price objective on Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Napco Security Technologies has a consensus rating of "Moderate Buy" and a consensus price target 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.