1 week Ago By Defense World Staff
Corebridge Financial Inc. cut its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC – Free Report) by 7.
0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,504 shares of the industrial products company’s stock after selling 1,322 shares during the period. Corebridge Financial Inc.
’s holdings in Napco Security Technologies were worth $622,000 as of its most recent SEC filing. Other institutional investors have also added to or reduced their stakes in the company. Cannon Global Investment Management LLC bought a new position in shares of Napco Security Technologies during the 4th quarter valued at about $366,000.
Emerald Advisers LLC boosted its stake in Napco Security Technologies by 5.3% in the fourth quarter. Emerald Advisers LLC now owns 535,092 shares of the industrial products company’s stock worth $19,028,000 after buying an additional 26,835 shares in the last quarter.
Vanguard Group Inc. grew its position in Napco Security Technologies by 1.2% during the fourth quarter.
Vanguard Group Inc. now owns 2,849,651 shares of the industrial products company’s stock valued at $101,334,000 after acquiring an additional 32,482 shares during the last quarter. Bridge City Capital LLC raised its stake in shares of Napco Security Technologies by 1.
0% during the fourth quarter. Bridge City Capital LLC now owns 69,250 shares of the industrial products company’s stock worth $2,463,000 after acquiring an additional 667 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Napco Security Technologies in the 4th quarter worth approximately $239,000.
Institutional investors own 85.07% of the company’s stock. Napco Security Technologies Stock PerformanceShares of NSSC stock opened at $20.
26 on Tuesday. The firm has a market cap of $737.48 million, a P/E ratio of 15.
58 and a beta of 1.51. The business’s 50 day moving average price is $25.
46 and its 200-day moving average price is $33.50. 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 issued its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
34 by ($0.06). Napco Security Technologies had a net margin of 25.
94% and a return on equity of 27.65%. The company had revenue of $42.
90 million for the quarter, compared to analysts’ expectations of $49.93 million. During the same period in the previous year, the firm posted $0.
34 earnings per share. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year.
As a group, equities analysts predict that Napco Security Technologies, Inc. will post 1.24 EPS for the current year.
Napco Security Technologies Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were issued a $0.125 dividend.
The ex-dividend date was Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 2.
47%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 38.46%.
Analyst Ratings ChangesSeveral research firms recently commented on NSSC. Needham & Company LLC reduced their target price on shares of Napco Security Technologies from $40.00 to $37.
00 and set a “buy” rating on the stock in a report on Friday, March 21st. Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Lake Street Capital decreased their price target on Napco Security Technologies from $30.
00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Craig Hallum lowered Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.
00 price objective for the company. in a research note on Tuesday, February 4th. Finally, TD Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $46.
00 to $27.00 in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock.
Based on data from MarketBeat, Napco Security Technologies has an average rating of “Hold” and an average target price of $35.50.View Our Latest Analysis on NSSCAbout Napco Security Technologies (Free Report)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.Featured StoriesFive stocks we like better than Napco Security Technologies3 Must-Buy Warren Buffett Stocks for Volatile TimesOptions Activity Points to More Volatility for Palantir StockStock Trading Terms – Stock Terms Every Investor Needs to KnowNVIDIA Stock: Oversold, Undervalued — How Low Can It Go?Energy and Oil Stocks ExplainedMicroStrategy Sees Insider Buy-Sell Action in Q1.
