Victory Capital Management Inc. Reduces Holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Key Points

• Victory Capital Management Inc. reduced its stake in NAPCO Security Technologies by 18.0%, now holding 51,653 shares worth approximately $1,189,000 as of the latest SEC filing.
• Several other large investors increased their positions in NAPCO Security Technologies, with 85.07% of the stock now owned by institutional investors and hedge funds.
• NAPCO recently declared a quarterly dividend of $0.14, representing a slight increase from the previous quarter's dividend and a 1.81% yield for investors.

Victory Capital Management Inc. lessened its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 18.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,653 shares of the industrial products company's stock after selling 11,330 shares during the quarter. Victory Capital Management Inc. owned approximately 0.14% of NAPCO Security Technologies worth $1,189,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in NAPCO Security Technologies by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,849,651 shares of the industrial products company's stock valued at $101,334,000 after acquiring an additional 32,482 shares in the last quarter. Copeland Capital Management LLC boosted its stake in NAPCO Security Technologies by 25.1% in the first quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock valued at $34,390,000 after acquiring an additional 299,305 shares in the last quarter. Geode Capital Management LLC boosted its stake in NAPCO Security Technologies by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,010,696 shares of the industrial products company's stock valued at $35,948,000 after acquiring an additional 51,661 shares in the last quarter. Janus Henderson Group PLC boosted its stake in NAPCO Security Technologies by 15.1% in the fourth quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company's stock valued at $33,403,000 after acquiring an additional 123,091 shares in the last quarter. Finally, Doma Perpetual Capital Management LLC boosted its stake in NAPCO Security Technologies by 8.4% in the fourth quarter. Doma Perpetual Capital Management LLC now owns 766,532 shares of the industrial products company's stock valued at $27,258,000 after acquiring an additional 59,496 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC decreased their target price 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. DA Davidson set a $33.00 target price on shares of NAPCO Security Technologies and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Lake Street Capital set a $26.00 target price on shares of NAPCO Security Technologies in a research note on Monday, May 5th. Finally, Mizuho assumed coverage on shares of NAPCO Security Technologies in a research note on Thursday, July 10th. They set an "outperform" rating and a $39.00 target price for the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $30.83.

NAPCO Security Technologies Price Performance

NSSC stock traded down $0.30 during midday trading on Friday, hitting $30.23. The stock had a trading volume of 213,741 shares, compared to its average volume of 259,666. The firm has a market cap of $1.08 billion, a PE ratio of 24.78 and a beta of 1.42. NAPCO Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $58.09. The company's 50-day moving average price is $29.41 and its 200 day moving average price is $27.05.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its earnings results 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. The firm had revenue of $43.96 million during the quarter, compared to analysts' expectations of $45.11 million. NAPCO Security Technologies had a net margin of 25.00% and a return on equity of 26.14%. NAPCO Security Technologies's revenue for the quarter was down 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 EPS. As a group, sell-side analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

NAPCO Security Technologies Company 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.