Principal Financial Group Inc. Acquires 1,804 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Principal Financial Group Inc. grew its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,190 shares of the industrial products company’s stock after buying an additional 1,804 shares during the quarter. Principal Financial Group Inc. owned 0.06% of Napco Security Technologies worth $754,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NSSC. Farther Finance Advisors LLC increased its holdings in Napco Security Technologies by 72,300.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 723 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Napco Security Technologies by 109.7% during the third quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock valued at $45,000 after buying an additional 579 shares during the period. KBC Group NV raised its holdings in shares of Napco Security Technologies by 61.4% during the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 424 shares in the last quarter. Huntington National Bank lifted its stake in Napco Security Technologies by 54.7% in the third quarter. Huntington National Bank now owns 1,777 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 628 shares during the period. Finally, US Bancorp DE boosted its holdings in Napco Security Technologies by 9.1% in the third quarter. US Bancorp DE now owns 5,329 shares of the industrial products company’s stock valued at $216,000 after acquiring an additional 443 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Trading Up 2.3 %

Shares of NASDAQ:NSSC opened at $24.91 on Friday. The stock has a fifty day simple moving average of $30.71 and a two-hundred day simple moving average of $36.84. Napco Security Technologies, Inc. has a 12-month low of $23.00 and a 12-month high of $58.09. The stock has a market capitalization of $906.75 million, a price-to-earnings ratio of 19.16 and a beta of 1.64.

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

Napco Security Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 2.01%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 38.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NSSC shares. Needham & Company LLC cut their target price on shares of Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Lake Street Capital set a $30.00 price objective on Napco Security Technologies and gave the company a “buy” rating in a research report on Tuesday, February 4th. Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their price target for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Finally, Craig Hallum cut Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price target on the stock. in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $36.33.

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.