Rhumbline Advisers Has $1.16 Million Stock Position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Rhumbline Advisers increased its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,446 shares of the industrial products company’s stock after acquiring an additional 879 shares during the period. Rhumbline Advisers owned about 0.14% of NAPCO Security Technologies worth $1,161,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of NAPCO Security Technologies by 9.3% in the fourth quarter. Principal Financial Group Inc. now owns 21,190 shares of the industrial products company’s stock worth $754,000 after purchasing an additional 1,804 shares in the last quarter. Truist Financial Corp increased its stake in NAPCO Security Technologies by 4.4% in the 4th quarter. Truist Financial Corp now owns 27,420 shares of the industrial products company’s stock valued at $975,000 after buying an additional 1,168 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in NAPCO Security Technologies in the 4th quarter worth approximately $86,000. Y Intercept Hong Kong Ltd purchased a new stake in NAPCO Security Technologies in the 4th quarter worth approximately $488,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of NAPCO Security Technologies by 13.0% during the 4th quarter. Bank of New York Mellon Corp now owns 201,846 shares of the industrial products company’s stock valued at $7,178,000 after buying an additional 23,149 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NSSC shares. Needham & Company LLC dropped their price target on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a “buy” rating on the stock in a research note 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. Five 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 target price of $32.20.

NAPCO Security Technologies Stock Down 0.9%

NASDAQ NSSC opened at $28.39 on Friday. The stock has a market capitalization of $1.01 billion, a PE ratio of 23.27 and a beta of 1.44. NAPCO Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $58.09. The company has a 50 day moving average price of $26.03 and a two-hundred day moving average price of $28.50.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. NAPCO Security Technologies had a net margin of 25.00% and a return on equity of 26.14%. The business had revenue of $43.96 million for the quarter, compared to the consensus estimate of $45.11 million. During the same quarter last year, the firm earned $0.37 EPS. NAPCO Security Technologies’s revenue for the quarter was down 10.8% on a year-over-year basis. As a group, equities analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.14 per share. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, June 12th. NAPCO Security Technologies’s dividend payout ratio (DPR) is 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.