Victory Capital Management Inc. reduced its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,653 shares of the industrial products company's stock after selling 11,330 shares during the quarter. Victory Capital Management Inc. owned 0.14% of NAPCO Security Technologies worth $1,189,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of NSSC. GAMMA Investing LLC raised its position in NAPCO Security Technologies by 227.2% during the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 768 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of NAPCO Security Technologies in the fourth quarter valued at approximately $32,000. Caption Management LLC purchased a new stake in shares of NAPCO Security Technologies in the fourth quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of NAPCO Security Technologies in the fourth quarter valued at approximately $53,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of NAPCO Security Technologies in the fourth quarter valued at approximately $54,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently commented on NSSC shares. Needham & Company LLC cut their price objective on NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Lake Street Capital set a $26.00 price objective on NAPCO Security Technologies in a research report on Monday, May 5th. DA Davidson set a $33.00 price objective on NAPCO Security Technologies and gave the company a "buy" rating in a research report on Wednesday, June 25th. Finally, Mizuho started coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price objective for the company. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $30.83.
Read Our Latest Analysis on NSSC
NAPCO Security Technologies Stock Performance
Shares of NSSC traded down $0.30 during trading hours on Friday, hitting $30.23. 213,741 shares of the stock were exchanged, compared to its average volume of 460,628. NAPCO Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $58.09. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 24.78 and a beta of 1.43. The stock's 50-day moving average price is $29.37 and its two-hundred day moving average price is $27.12.
NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The company had revenue of $43.96 million for the quarter, compared to analyst estimates of $45.11 million. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%. The firm's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. On average, research analysts expect that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.
NAPCO Security Technologies Profile
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Free Report)
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.
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