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

Royal Bank of Canada grew its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 27.3% in the 4th quarter, according to the company in 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 acquiring an additional 160,030 shares during the period. Royal Bank of Canada owned about 2.04% of Napco Security Technologies worth $26,558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new position in shares of Napco Security Technologies during the fourth quarter valued at about $32,000. Caption Management LLC bought a new position in shares of Napco Security Technologies during the fourth quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Napco Security Technologies during the fourth quarter valued at about $53,000. Physician Wealth Advisors Inc. bought a new position in shares of Napco Security Technologies during the fourth quarter valued at about $63,000. Finally, KBC Group NV raised its stake in shares of 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 acquiring an additional 934 shares during the last quarter. 85.07% of the stock is owned by institutional investors.

Napco Security Technologies Trading Up 0.9%

NSSC traded up $0.24 during midday trading on Tuesday, reaching $28.34. The company's stock had a trading volume of 312,631 shares, compared to its average volume of 505,524. Napco Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $58.09. The stock's 50-day moving average is $23.85 and its 200-day moving average is $29.58. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 21.80 and a beta of 1.41.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The company had revenue of $43.96 million for the quarter, compared to analysts' expectations of $45.11 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm's quarterly revenue was down 10.8% 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th will be given a $0.14 dividend. The ex-dividend date is Thursday, June 12th. This is an increase from Napco Security Technologies's previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 1.98%. Napco Security Technologies's dividend payout ratio (DPR) is presently 45.90%.

Analysts Set New Price Targets

A number of research firms recently issued reports on NSSC. TD Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and decreased their price target for the stock from $46.00 to $27.00 in a research note on Tuesday, February 4th. Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Lake Street Capital set a $26.00 price target on shares of Napco Security Technologies in a research note on Monday, May 5th. Craig Hallum downgraded shares of 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. Finally, Needham & Company LLC decreased their price target on shares of 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. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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.