KBC Group NV Grows Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

KBC Group NV raised its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 83.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,049 shares of the industrial products company’s stock after purchasing an additional 934 shares during the quarter. KBC Group NV’s holdings in Napco Security Technologies were worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in shares of Napco Security Technologies by 72,300.0% during the third quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after buying an additional 723 shares during the period. First Horizon Advisors Inc. increased its position 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. Huntington National Bank increased 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 valued at $72,000 after buying an additional 628 shares during the period. Allworth Financial LP increased its position in shares of Napco Security Technologies by 18.9% during the third quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company’s stock valued at $102,000 after buying an additional 400 shares during the period. Finally, CWM LLC increased its position in shares of Napco Security Technologies by 22.5% in the third quarter. CWM LLC now owns 3,383 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 622 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on NSSC shares. Craig Hallum cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a research report on Tuesday, February 4th. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. TD Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Lake Street Capital decreased their price objective on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, DA Davidson reduced 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $38.17.

Napco Security Technologies Price Performance

Shares of NASDAQ NSSC opened at $25.73 on Monday. Napco Security Technologies, Inc. has a one year low of $24.90 and a one year high of $58.09. The firm’s 50 day simple moving average is $35.40 and its two-hundred day simple moving average is $40.37. The stock has a market capitalization of $943.88 million, a P/E ratio of 19.79 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The company had revenue of $42.90 million for the quarter, compared to analysts’ expectations of $49.93 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the company posted $0.34 EPS. As a group, equities analysts expect that Napco Security Technologies, Inc. will post 1.55 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio (DPR) is presently 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.