Thrivent Financial for Lutherans Reduces Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Thrivent Financial for Lutherans cut its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 28.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,541 shares of the industrial products company’s stock after selling 18,789 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.13% of Napco Security Technologies worth $1,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. KBC Group NV grew its position in shares of Napco Security Technologies by 83.8% in the 4th quarter. KBC Group NV now owns 2,049 shares of the industrial products company’s stock worth $73,000 after buying an additional 934 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Napco Security Technologies in the fourth quarter worth $86,000. Farther Finance Advisors LLC lifted its stake in Napco Security Technologies by 290.9% in the fourth quarter. Farther Finance Advisors LLC now owns 2,830 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 2,106 shares during the period. Raymond James Financial Inc. bought a new stake in Napco Security Technologies in the fourth quarter valued at $220,000. Finally, Truvestments Capital LLC increased its position in Napco Security Technologies by 6.7% during the 4th quarter. Truvestments Capital LLC now owns 7,009 shares of the industrial products company’s stock valued at $249,000 after purchasing an additional 443 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analyst Weigh In

NSSC has been the topic of a number of research reports. Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. TD Cowen cut Napco Security Technologies from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Craig Hallum lowered Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a research report on Tuesday, February 4th. Lake Street Capital dropped their price target on Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Finally, StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.50.

Napco Security Technologies Stock Down 1.0 %

Shares of NSSC opened at $23.10 on Friday. Napco Security Technologies, Inc. has a 52 week low of $22.62 and a 52 week high of $58.09. The stock has a market cap of $840.86 million, a P/E ratio of 17.77 and a beta of 1.59. The business’s 50 day moving average price is $27.15 and its 200-day moving average price is $34.27.

Napco Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate 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 company had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. During the same period last year, the firm posted $0.34 earnings per share. The company’s revenue was down 9.3% compared to the same quarter last year. On average, equities analysts anticipate that Napco Security Technologies, Inc. will post 1.24 EPS for the current year.

Napco Security Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a yield of 2.16%. Napco Security Technologies’s dividend payout ratio is currently 38.46%.

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.