AQR Capital Management LLC Has $6.59 Million Stock Holdings 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 grew its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 70.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 286,056 shares of the industrial products company's stock after acquiring an additional 117,882 shares during the period. AQR Capital Management LLC owned about 0.80% of NAPCO Security Technologies worth $6,585,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NSSC. Point72 Asset Management L.P. raised its stake in shares of NAPCO Security Technologies by 1,221.7% in the 4th quarter. Point72 Asset Management L.P. now owns 638,173 shares of the industrial products company's stock valued at $22,693,000 after acquiring an additional 589,888 shares during the period. Doma Perpetual Capital Management LLC raised its stake in shares of NAPCO Security Technologies by 53.4% in the 1st quarter. Doma Perpetual Capital Management LLC now owns 1,175,655 shares of the industrial products company's stock valued at $27,064,000 after acquiring an additional 409,123 shares during the period. CenterBook Partners LP purchased a new position in shares of NAPCO Security Technologies in the 1st quarter valued at $8,199,000. Wellington Management Group LLP raised its stake in shares of NAPCO Security Technologies by 121.4% in the 1st quarter. Wellington Management Group LLP now owns 649,318 shares of the industrial products company's stock valued at $14,947,000 after acquiring an additional 356,094 shares during the period. Finally, Copeland Capital Management LLC raised its stake in shares of NAPCO Security Technologies by 25.1% in the 1st quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock valued at $34,390,000 after acquiring an additional 299,305 shares during the period. Hedge funds and other institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Stock Down 1.2%

Shares of NSSC stock traded down $0.53 during trading hours on Wednesday, reaching $42.40. 508,769 shares of the stock traded hands, compared to its average volume of 505,728. NAPCO Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $44.24. The business has a fifty day moving average price of $33.86 and a 200 day moving average price of $28.48. The firm has a market capitalization of $1.51 billion, a PE ratio of 35.63 and a beta of 1.51.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The business had revenue of $50.72 million for the quarter, compared to analyst estimates of $44.26 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm's revenue was up .8% compared to the same quarter last year. Research analysts expect that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.3%. NAPCO Security Technologies's payout ratio is currently 47.06%.

Analyst Ratings Changes

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

NAPCO Security Technologies Company 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.