Royal Bank of Canada Purchases 160,030 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Royal Bank of Canada raised its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 27.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 746,804 shares of the industrial products company's stock after buying an additional 160,030 shares during the quarter. Royal Bank of Canada owned about 2.04% of Napco Security Technologies worth $26,558,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC purchased a new position in Napco Security Technologies during the fourth quarter valued at $32,000. Caption Management LLC purchased a new position in Napco Security Technologies during the fourth quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Napco Security Technologies during the fourth quarter valued at $53,000. Physician Wealth Advisors Inc. purchased a new position in Napco Security Technologies during the fourth quarter valued at $63,000. Finally, KBC Group NV raised its stake in Napco Security Technologies by 83.8% during the fourth quarter. KBC Group NV now owns 2,049 shares of the industrial products company's stock valued at $73,000 after buying an additional 934 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

Napco Security Technologies Price Performance

Shares of NSSC traded down $0.06 during trading hours on Thursday, hitting $27.85. The stock had a trading volume of 66,536 shares, compared to its average volume of 502,015. Napco Security Technologies, Inc. has a 12 month low of $19.00 and a 12 month high of $58.09. The firm has a market capitalization of $992.84 million, a PE ratio of 21.42 and a beta of 1.41. The stock has a fifty day moving average price of $24.01 and a 200 day moving average price of $29.56.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company had revenue of $43.96 million during the quarter, compared to analyst estimates of $45.11 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. Napco Security Technologies's revenue was down 10.8% compared to the same quarter last year. As a group, analysts anticipate that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 12th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.56 annualized dividend and a dividend yield of 2.01%. This is a positive change from Napco Security Technologies's previous quarterly dividend of $0.13. Napco Security Technologies's payout ratio is presently 45.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NSSC shares. TD Cowen cut Napco Security Technologies from a "buy" rating to a "hold" rating and lowered their price objective for the company from $46.00 to $27.00 in a research note on Tuesday, February 4th. Lake Street Capital set a $26.00 price target on Napco Security Technologies in a research note on Monday, May 5th. Craig Hallum cut Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price target for the company. in a research note on Tuesday, February 4th. Needham & Company LLC decreased their price target on Napco Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Cowen cut Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Napco Security Technologies has an average rating of "Hold" and an average target price of $32.20.

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.