Teacher Retirement System of Texas Cuts Position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Teacher Retirement System of Texas decreased its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 56.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,455 shares of the industrial products company's stock after selling 24,915 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of NAPCO Security Technologies worth $448,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of NAPCO Security Technologies by 35.4% during 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. GAMMA Investing LLC lifted its holdings in NAPCO Security Technologies by 7,432.5% during the 1st quarter. GAMMA Investing LLC now owns 25,460 shares of the industrial products company's stock worth $586,000 after buying an additional 25,122 shares during the period. Bessemer Group Inc. lifted its holdings in NAPCO Security Technologies by 22.9% during the 1st quarter. Bessemer Group Inc. now owns 13,009 shares of the industrial products company's stock worth $299,000 after buying an additional 2,423 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in NAPCO Security Technologies by 12.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,027 shares of the industrial products company's stock worth $677,000 after buying an additional 2,115 shares during the period. Finally, Invesco Ltd. lifted its holdings in NAPCO Security Technologies by 1.4% during the 4th quarter. Invesco Ltd. now owns 35,737 shares of the industrial products company's stock worth $1,271,000 after buying an additional 477 shares during the period. Institutional investors and hedge funds own 85.07% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NSSC. Lake Street Capital set a $26.00 target price on NAPCO Security Technologies in a report on Monday, May 5th. Mizuho began coverage on NAPCO Security Technologies in a report on Thursday, July 10th. They set an "outperform" rating and a $39.00 target price on the stock. Needham & Company LLC cut their target price on NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, DA Davidson set a $33.00 price objective on NAPCO Security Technologies and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, NAPCO Security Technologies has an average rating of "Hold" and a consensus price target of $30.83.

NAPCO Security Technologies Stock Performance

Shares of NSSC stock traded up $0.07 during mid-day trading on Monday, hitting $30.44. The company's stock had a trading volume of 155,535 shares, compared to its average volume of 492,019. The company's fifty day simple moving average is $28.89 and its 200-day simple moving average is $27.29. NAPCO Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $58.09. The company has a market cap of $1.09 billion, a PE ratio of 24.95 and a beta of 1.43.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its earnings results on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%. The business had revenue of $43.96 million during the quarter, compared to analyst estimates of $45.11 million. During the same period in the previous year, the company posted $0.37 EPS. The firm's revenue was down 10.8% compared to the same quarter last year. On average, equities analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 12th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.84%. This is a positive change from NAPCO Security Technologies's previous quarterly dividend of $0.13. The ex-dividend date was Thursday, June 12th. NAPCO Security Technologies's payout ratio is presently 45.90%.

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.