Barclays PLC Boosts Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Barclays PLC lifted its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,145 shares of the industrial products company’s stock after buying an additional 3,060 shares during the quarter. Barclays PLC owned approximately 0.18% of Napco Security Technologies worth $2,316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truist Financial Corp lifted its position in shares of Napco Security Technologies by 4.4% during the fourth quarter. Truist Financial Corp now owns 27,420 shares of the industrial products company’s stock worth $975,000 after purchasing an additional 1,168 shares during the last quarter. Annex Advisory Services LLC grew its stake in Napco Security Technologies by 4.1% in the 4th 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 in the last quarter. Teacher Retirement System of Texas increased its position in shares of Napco Security Technologies by 6.4% during the fourth quarter. Teacher Retirement System of Texas now owns 44,370 shares of the industrial products company’s stock worth $1,578,000 after acquiring an additional 2,670 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Napco Security Technologies by 74.6% in the third quarter. JPMorgan Chase & Co. now owns 67,795 shares of the industrial products company’s stock valued at $2,743,000 after purchasing an additional 28,962 shares during the period. Finally, SG Americas Securities LLC grew its stake in Napco Security Technologies by 50.3% in the fourth quarter. SG Americas Securities LLC now owns 22,604 shares of the industrial products company’s stock worth $804,000 after purchasing an additional 7,565 shares in the last quarter. 85.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NSSC shares. Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Needham & Company LLC reduced their price target on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, March 21st. TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $27.00 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 for the company. in a research note on Tuesday, February 4th. Finally, Lake Street Capital cut their price target on Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Five 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, Napco Security Technologies presently has an average rating of “Hold” and an average target price of $35.50.

Napco Security Technologies Price Performance

Shares of NASDAQ:NSSC opened at $22.85 on Thursday. The firm has a market capitalization of $831.76 million, a P/E ratio of 17.58 and a beta of 1.51. The business’s 50-day moving average is $23.11 and its 200 day moving average is $31.28. Napco Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share 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 quarter in the previous year, the business posted $0.34 EPS. The business’s quarterly revenue was down 9.3% on a year-over-year basis. On average, analysts expect that Napco Security Technologies, Inc. will post 1.24 EPS for the current year.

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.