Visionary Wealth Advisors Buys 53,295 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Visionary Wealth Advisors lifted its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 326,193 shares of the industrial products company's stock after acquiring an additional 53,295 shares during the quarter. Visionary Wealth Advisors owned approximately 0.89% of Napco Security Technologies worth $11,599,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new stake in Napco Security Technologies in the fourth quarter valued at about $32,000. Caption Management LLC bought a new stake in Napco Security Technologies in the fourth quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Napco Security Technologies in the fourth quarter valued at about $53,000. Physician Wealth Advisors Inc. bought a new stake in Napco Security Technologies in the fourth quarter valued at about $63,000. Finally, KBC Group NV grew its stake in Napco Security Technologies by 83.8% in 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 period. Institutional investors own 85.07% of the company's stock.

Wall Street Analysts Forecast Growth

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

Napco Security Technologies Trading Down 0.1%

Shares of NSSC stock traded down $0.04 on Wednesday, hitting $28.30. 489,771 shares of the stock were exchanged, compared to its average volume of 507,686. The firm has a market capitalization of $1.01 billion, a P/E ratio of 21.77 and a beta of 1.41. The business has a 50-day moving average of $23.64 and a 200 day moving average of $29.87. Napco Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $58.09.

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

Napco Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 12th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Napco Security Technologies's previous quarterly dividend of $0.13. Napco Security Technologies's dividend payout ratio is presently 45.90%.

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.