Victory Capital Management Inc. Trims Stock Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Victory Capital Management Inc. lessened its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 49.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,838 shares of the industrial products company’s stock after selling 35,749 shares during the quarter. Victory Capital Management Inc. owned approximately 0.10% of Napco Security Technologies worth $1,450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors 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 worth $27,000 after buying an additional 470 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Napco Security Technologies by 72,300.0% during the third quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 723 shares during the last quarter. Quarry LP grew its position in shares of Napco Security Technologies by 91.2% in the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 312 shares during the period. EntryPoint Capital LLC acquired a new position in Napco Security Technologies in the first quarter valued at $46,000. Finally, Bessemer Group Inc. purchased a new position in Napco Security Technologies during the first quarter worth about $63,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Insider Buying and Selling at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the sale, the director now owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. The trade was a 20.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.24% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on NSSC. TD Cowen dropped their price objective on shares of 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. Lake Street Capital dropped their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC increased their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Craig Hallum lowered their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, StockNews.com downgraded Napco Security Technologies from a “hold” rating to a “sell” rating in a report on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Napco Security Technologies currently has an average rating of “Moderate Buy” and an average price target of $47.14.

Napco Security Technologies Stock Performance

Napco Security Technologies stock opened at $40.06 on Tuesday. The firm has a market capitalization of $1.47 billion, a PE ratio of 29.46 and a beta of 1.64. Napco Security Technologies, Inc. has a one year low of $28.25 and a one year high of $58.09. The stock’s 50 day moving average price is $39.09 and its 200 day moving average price is $46.31.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The firm had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. Napco Security Technologies’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. On average, analysts forecast that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio is currently 36.76%.

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.