Victory Capital Management Inc. Purchases 27,145 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Victory Capital Management Inc. grew its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 75.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,983 shares of the industrial products company’s stock after purchasing an additional 27,145 shares during the period. Victory Capital Management Inc. owned approximately 0.17% of Napco Security Technologies worth $2,240,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. KBC Group NV increased its position in shares of Napco Security Technologies by 61.4% in 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 during the last quarter. Huntington National Bank increased its position in shares of 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 valued at $72,000 after acquiring an additional 628 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Napco Security Technologies in the third quarter valued at about $2,644,000. Quest Partners LLC increased its position in shares of Napco Security Technologies by 234.6% in the third quarter. Quest Partners LLC now owns 6,786 shares of the industrial products company’s stock valued at $275,000 after acquiring an additional 4,758 shares during the last quarter. Finally, Premier Fund Managers Ltd increased its position in shares of Napco Security Technologies by 44.3% in the third quarter. Premier Fund Managers Ltd now owns 13,082 shares of the industrial products company’s stock valued at $535,000 after acquiring an additional 4,019 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

Napco Security Technologies Stock Down 0.0 %

Shares of NASDAQ:NSSC opened at $25.18 on Tuesday. 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 cap of $916.58 million, a PE ratio of 19.37 and a beta of 1.59. The business has a 50 day moving average of $29.03 and a 200-day moving average of $35.24.

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

Napco Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio (DPR) is currently 38.46%.

Analyst Ratings Changes

A number of research firms recently issued reports on NSSC. TD Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and lowered their target price for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Craig Hallum downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price target on the stock. in a research report on Tuesday, February 4th. Lake Street Capital set a $30.00 price target on Napco Security Technologies and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Needham & Company LLC lowered their price target on Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Finally, StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $36.33.

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.