Victory Capital Management Inc. Boosts Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Victory Capital Management Inc. lifted its position in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 23.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,538 shares of the industrial products company's stock after acquiring an additional 17,200 shares during the quarter. Victory Capital Management Inc. owned 0.25% of Napco Security Technologies worth $3,101,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Napco Security Technologies by 29.0% during the third quarter. FMR LLC now owns 1,577,159 shares of the industrial products company's stock valued at $35,092,000 after purchasing an additional 354,579 shares during the period. abrdn plc raised its stake in shares of Napco Security Technologies by 49.3% during the fourth quarter. abrdn plc now owns 883,726 shares of the industrial products company's stock valued at $30,268,000 after acquiring an additional 291,920 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Napco Security Technologies by 323.4% in the third quarter. Envestnet Asset Management Inc. now owns 276,905 shares of the industrial products company's stock valued at $6,161,000 after purchasing an additional 211,506 shares during the period. Wellington Management Group LLP grew its stake in Napco Security Technologies by 131.6% in the third quarter. Wellington Management Group LLP now owns 256,984 shares of the industrial products company's stock worth $5,718,000 after purchasing an additional 146,027 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in Napco Security Technologies by 363.0% during the 3rd quarter. Gamco Investors INC. ET AL now owns 175,000 shares of the industrial products company's stock worth $3,894,000 after purchasing an additional 137,200 shares during the period. 85.07% of the stock is owned by hedge funds and other institutional investors.

Napco Security Technologies Stock Up 1.5 %

Shares of NASDAQ:NSSC traded up $0.69 during midday trading on Friday, reaching $45.50. The company's stock had a trading volume of 357,017 shares, compared to its average volume of 364,087. The firm has a market capitalization of $1.68 billion, a PE ratio of 36.11 and a beta of 1.51. The stock has a fifty day moving average of $41.25 and a 200 day moving average of $36.90. Napco Security Technologies, Inc. has a twelve month low of $17.76 and a twelve month high of $46.41.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $49.30 million for the quarter, compared to the consensus estimate of $48.16 million. Napco Security Technologies had a return on equity of 30.50% and a net margin of 25.58%. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. Sell-side analysts anticipate that Napco Security Technologies, Inc. will post 1.35 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Monday, June 3rd. Napco Security Technologies's payout ratio is presently 31.75%.

Insider Buying and Selling at Napco Security Technologies

In other news, CEO Richard Soloway sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the sale, the chief executive officer now owns 1,656,010 shares of the company's stock, valued at approximately $67,482,407.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 11.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 13th. Needham & Company LLC raised their price objective on Napco Security Technologies from $46.00 to $52.00 and gave the company a "buy" rating in a research report on Tuesday, May 7th. Imperial Capital downgraded shares of Napco Security Technologies from an "outperform" rating to an "in-line" rating and set a $45.00 target price for the company. in a report on Tuesday, February 6th. B. Riley raised their price target on shares of Napco Security Technologies from $36.00 to $45.00 and gave the company a "neutral" rating in a report on Tuesday, May 7th. Finally, DA Davidson started coverage on shares of Napco Security Technologies in a report on Friday, April 26th. They issued a "buy" rating and a $52.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $41.83.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.