Visionary Wealth Advisors Increases Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Visionary Wealth Advisors raised its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 19.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 326,193 shares of the industrial products company’s stock after purchasing an additional 53,295 shares during the period. Visionary Wealth Advisors owned about 0.89% of Napco Security Technologies worth $11,599,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of Napco Security Technologies by 266.0% in the third quarter. Barclays PLC now owns 62,085 shares of the industrial products company’s stock valued at $2,511,000 after acquiring an additional 45,122 shares in the last quarter. Truist Financial Corp grew its stake in shares of Napco Security Technologies by 4.4% during 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. Annex Advisory Services LLC increased its stake in Napco Security Technologies by 4.1% during the fourth quarter. Annex Advisory Services LLC now owns 316,171 shares of the industrial products company’s stock worth $11,243,000 after acquiring an additional 12,366 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Napco Security Technologies by 6.4% in the fourth quarter. Teacher Retirement System of Texas now owns 44,370 shares of the industrial products company’s stock valued at $1,578,000 after buying an additional 2,670 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Napco Security Technologies by 74.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 67,795 shares of the industrial products company’s stock worth $2,743,000 after purchasing an additional 28,962 shares during the period. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Napco Security Technologies Trading Up 0.7%

NSSC opened at $27.83 on Monday. Napco Security Technologies, Inc. has a twelve month low of $19.00 and a twelve month high of $58.09. The business’s 50 day moving average is $23.45 and its 200-day moving average is $29.96. The stock has a market cap of $992.31 million, a PE ratio of 21.41 and a beta of 1.41.

Napco Security Technologies (NASDAQ:NSSC) 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 business had revenue of $43.96 million during the quarter, compared to the consensus estimate of $45.11 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share. As a group, analysts forecast that Napco Security Technologies, Inc. will post 1.24 EPS for the current year.

Napco Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.01%. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.13. Napco Security Technologies’s dividend payout ratio (DPR) is currently 45.90%.

Analyst Ratings Changes

Several research firms recently issued reports on NSSC. Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Lake Street Capital set a $26.00 target price on Napco Security Technologies in a research note on Monday, May 5th. Needham & Company LLC cut 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 report on Tuesday, May 6th. Craig Hallum downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a research report on Tuesday, February 4th. Finally, TD Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $46.00 to $27.00 in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Napco Security Technologies has a consensus rating of “Hold” and a consensus price target of $32.20.

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.