Uniplan Investment Counsel Inc. Raises Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Uniplan Investment Counsel Inc. raised its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 129,714 shares of the industrial products company’s stock after purchasing an additional 15,179 shares during the period. Uniplan Investment Counsel Inc. owned 0.35% of Napco Security Technologies worth $4,613,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NSSC. Stifel Financial Corp boosted its holdings in Napco Security Technologies by 3.5% in the fourth quarter. Stifel Financial Corp now owns 80,482 shares of the industrial products company’s stock worth $2,862,000 after acquiring an additional 2,700 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in Napco Security Technologies during the 4th quarter valued at about $968,000. Mcmorgan & Co. LLC increased its stake in Napco Security Technologies by 18.6% during the 4th quarter. Mcmorgan & Co. LLC now owns 98,319 shares of the industrial products company’s stock valued at $3,496,000 after purchasing an additional 15,438 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Napco Security Technologies by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 21,549 shares of the industrial products company’s stock valued at $766,000 after acquiring an additional 1,204 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Napco Security Technologies by 122.9% in the 4th quarter. Marshall Wace LLP now owns 322,293 shares of the industrial products company’s stock valued at $11,461,000 after acquiring an additional 177,727 shares in the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NSSC shares. Lake Street Capital decreased their price target on Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Craig Hallum downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a research report on Tuesday, February 4th. TD Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Finally, Needham & Company LLC lowered their price target on Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $35.50.

Napco Security Technologies Price Performance

Shares of Napco Security Technologies stock opened at $21.41 on Tuesday. The stock has a market capitalization of $779.35 million, a PE ratio of 16.47 and a beta of 1.51. Napco Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $58.09. The company’s fifty day simple moving average is $23.50 and its 200-day simple moving average is $31.97.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $49.93 million. During the same quarter in the previous year, the company earned $0.34 EPS. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. As a group, research analysts anticipate that Napco Security Technologies, Inc. will post 1.24 EPS for the current year.

Napco Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio is currently 38.46%.

Napco Security Technologies 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.