Alta Capital Management LLC Buys 24,226 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Alta Capital Management LLC boosted its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 6.5% in the fourth quarter, HoldingsChannel reports. The firm owned 399,599 shares of the industrial products company’s stock after acquiring an additional 24,226 shares during the period. Alta Capital Management LLC’s holdings in Napco Security Technologies were worth $14,210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans bought a new stake in shares of Napco Security Technologies in the third quarter worth about $2,644,000. State Street Corp increased its holdings in shares of Napco Security Technologies by 2.2% in the third quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock worth $31,790,000 after acquiring an additional 16,931 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Napco Security Technologies in the third quarter worth about $672,000. Barclays PLC increased its holdings 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 worth $2,511,000 after acquiring an additional 45,122 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its holdings in shares of Napco Security Technologies by 426.5% in the third quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company’s stock worth $9,629,000 after acquiring an additional 192,790 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Price Performance

NSSC stock opened at $23.59 on Tuesday. The stock has a market capitalization of $858.70 million, a P/E ratio of 18.15 and a beta of 1.64. The business has a 50-day moving average of $31.43 and a 200-day moving average of $37.39. Napco Security Technologies, Inc. has a fifty-two week low of $23.52 and a fifty-two week high of $58.09.

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 the consensus estimate 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 analyst estimates of $49.93 million. During the same period last year, the company posted $0.34 earnings per share. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. Equities analysts expect that Napco Security Technologies, Inc. will post 1.24 EPS for the current year.

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 2.12%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 38.46%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Craig Hallum downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a report on Tuesday, February 4th. TD Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and lowered their price target for the stock from $46.00 to $27.00 in a report on Tuesday, February 4th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Cowen cut Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, DA Davidson reduced their price objective on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $36.33.

About Napco Security Technologies

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.