Truist Financial Corp Purchases 1,168 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Truist Financial Corp grew its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 27,420 shares of the industrial products company’s stock after purchasing an additional 1,168 shares during the period. Truist Financial Corp owned about 0.07% of Napco Security Technologies worth $975,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSSC. FMR LLC increased its holdings in Napco Security Technologies by 30.8% during the 3rd quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock worth $85,075,000 after purchasing an additional 494,988 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in Napco Security Technologies by 426.5% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company’s stock worth $9,629,000 after purchasing an additional 192,790 shares in the last quarter. Copeland Capital Management LLC increased its holdings in Napco Security Technologies by 15.1% during the 4th quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company’s stock worth $42,481,000 after purchasing an additional 156,495 shares in the last quarter. Congress Asset Management Co. increased its holdings in Napco Security Technologies by 94.4% during the 4th quarter. Congress Asset Management Co. now owns 279,670 shares of the industrial products company’s stock worth $9,945,000 after purchasing an additional 135,802 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in Napco Security Technologies by 74.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 300,901 shares of the industrial products company’s stock worth $12,174,000 after purchasing an additional 128,316 shares in the last quarter. 85.07% of the stock is owned by institutional investors.

Napco Security Technologies Trading Up 1.2 %

Napco Security Technologies stock opened at $24.56 on Friday. Napco Security Technologies, Inc. has a 12 month low of $23.84 and a 12 month high of $58.09. The business’s 50 day simple moving average is $31.43 and its 200 day simple moving average is $37.61. The company has a market cap of $894.01 million, a price-to-earnings ratio of 18.89 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data 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 net margin of 25.94% and a return on equity of 27.65%. The firm had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $49.93 million. During the same quarter in the previous year, the company posted $0.34 EPS. Napco Security Technologies’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities research analysts forecast that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 2.04%. Napco Security Technologies’s payout ratio is 38.46%.

Wall Street Analyst Weigh In

NSSC has been the subject of a number of recent research reports. Needham & Company LLC decreased their price objective on Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Lake Street Capital set a $30.00 target price on Napco Security Technologies and gave the stock a “buy” rating in a research note on Tuesday, February 4th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. DA Davidson cut their target price on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, TD Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $46.00 to $27.00 in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Napco Security Technologies currently has a consensus rating of “Hold” and a consensus price target of $36.33.

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.