Principal Financial Group Inc. Reduces Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Principal Financial Group Inc. decreased its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 23.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,386 shares of the industrial products company’s stock after selling 5,929 shares during the quarter. Principal Financial Group Inc. owned approximately 0.05% of Napco Security Technologies worth $784,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in Napco Security Technologies by 72,300.0% in the third 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 during the last quarter. Quarry LP grew its position in shares of Napco Security Technologies by 91.2% during the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 312 shares during the last quarter. KBC Group NV boosted 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 valued at $45,000 after purchasing an additional 424 shares during the period. First Horizon Advisors Inc. grew its position in Napco Security Technologies by 109.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 579 shares during the last quarter. Finally, Huntington National Bank boosted 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 worth $72,000 after buying an additional 628 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Price Performance

Shares of NASDAQ NSSC opened at $35.70 on Monday. Napco Security Technologies, Inc. has a one year low of $31.27 and a one year high of $58.09. The business’s 50-day moving average price is $37.62 and its two-hundred day moving average price is $43.93. The company has a market capitalization of $1.31 billion, a P/E ratio of 26.25 and a beta of 1.65.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). The business had revenue of $44.00 million for the quarter, compared to the consensus estimate 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 was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. On average, equities analysts anticipate that Napco Security Technologies, Inc. will post 1.49 EPS for the current year.

Napco Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.50 annualized dividend and a yield of 1.40%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

Analyst Ratings Changes

Several analysts recently commented on the company. Craig Hallum lowered 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. Lake Street Capital decreased their price objective on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. TD Cowen cut their target price 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. Finally, DA Davidson decreased their price target on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.14.

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.