AQR Capital Management LLC Boosts Stock Position in NAPCO Security Technologies, Inc. $NSSC

Key Points

• AQR Capital Management LLC has significantly increased its stake in NAPCO Security Technologies, purchasing an additional 117,882 shares and lifting its holdings by 70.1%, to now own 286,056 shares valued at approximately $6.58 million.
• NAPCO Security Technologies reported an earnings per share (EPS) of $0.33 for the recent quarter, beating analyst expectations of $0.26, with revenues of $50.72 million, also exceeding forecasts.
• The company recently announced a quarterly dividend of $0.14 per share, reflecting a 1.3% annual yield, with a payout ratio of 47.06%.

AQR Capital Management LLC increased its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 70.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,056 shares of the industrial products company's stock after purchasing an additional 117,882 shares during the period. AQR Capital Management LLC owned approximately 0.80% of NAPCO Security Technologies worth $6,585,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NSSC. GAMMA Investing LLC boosted its stake in NAPCO Security Technologies by 227.2% in the 1st quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock worth $25,000 after purchasing an additional 768 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in NAPCO Security Technologies in the 4th quarter valued at approximately $53,000. Mpwm Advisory Solutions LLC bought a new stake in NAPCO Security Technologies in the 4th quarter valued at approximately $54,000. Farther Finance Advisors LLC lifted its stake in NAPCO Security Technologies by 35.4% in the 1st quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company's stock valued at $87,000 after acquiring an additional 1,002 shares in the last quarter. Finally, State of Wyoming lifted its stake in NAPCO Security Technologies by 21.0% in the 1st quarter. State of Wyoming now owns 8,587 shares of the industrial products company's stock valued at $198,000 after acquiring an additional 1,490 shares in the last quarter. Institutional investors own 85.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Lake Street Capital raised NAPCO Security Technologies from a "hold" rating to a "buy" rating and upped their price objective for the company from $26.00 to $39.00 in a report on Tuesday, August 26th. Zacks Research raised NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Wall Street Zen raised NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Mizuho initiated coverage on NAPCO Security Technologies in a research note on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price target for the company. Finally, Craig Hallum raised NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price target for the company in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, NAPCO Security Technologies has an average rating of "Moderate Buy" and a consensus price target of $37.67.

NAPCO Security Technologies Price Performance

Shares of NAPCO Security Technologies stock traded down $0.33 during midday trading on Tuesday, reaching $43.34. The company had a trading volume of 206,028 shares, compared to its average volume of 450,283. The firm has a market cap of $1.55 billion, a PE ratio of 36.40 and a beta of 1.51. The stock has a fifty day moving average price of $33.35 and a 200 day moving average price of $28.28. NAPCO Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $44.24.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings data on Monday, August 25th. The industrial products company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The firm had revenue of $50.72 million during the quarter, compared to the consensus estimate of $44.26 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company's quarterly revenue was up .8% on a year-over-year basis. As a group, sell-side analysts forecast 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 Friday, October 3rd. Investors of record on Friday, September 12th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, September 12th. This represents a $0.56 annualized dividend and a yield of 1.3%. NAPCO Security Technologies's dividend payout ratio is 47.06%.

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.