NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Shares Acquired by Teachers Retirement System of The State of Kentucky

Key Points

• The Teachers Retirement System of The State of Kentucky increased its holdings in NAPCO Security Technologies by 36.1%, owning 37,019 shares valued at $852,000 after purchasing an additional 9,810 shares.
• NAPCO Security Technologies recently declared a quarterly dividend of $0.14 per share, marking an increase from the previous dividend of $0.13, resulting in an annualized yield of 1.84%.
• The company reported a quarterly earnings per share (EPS) of $0.28, exceeding analysts' expectations of $0.27, despite a revenue decline of 10.8% year-over-year.

Teachers Retirement System of The State of Kentucky boosted its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 36.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,019 shares of the industrial products company's stock after purchasing an additional 9,810 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.10% of NAPCO Security Technologies worth $852,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Isthmus Partners LLC grew its position in NAPCO Security Technologies by 17.2% during the first quarter. Isthmus Partners LLC now owns 102,380 shares of the industrial products company's stock valued at $2,357,000 after acquiring an additional 15,017 shares during the period. CWM LLC grew its position in NAPCO Security Technologies by 448.1% during the first quarter. CWM LLC now owns 10,699 shares of the industrial products company's stock valued at $246,000 after acquiring an additional 8,747 shares during the period. Linden Thomas Advisory Services LLC grew its position in NAPCO Security Technologies by 10.6% during the first quarter. Linden Thomas Advisory Services LLC now owns 27,181 shares of the industrial products company's stock valued at $626,000 after acquiring an additional 2,602 shares during the period. Envestnet Asset Management Inc. grew its position in NAPCO Security Technologies by 15.4% during the first quarter. Envestnet Asset Management Inc. now owns 712,674 shares of the industrial products company's stock valued at $16,406,000 after acquiring an additional 95,014 shares during the period. Finally, Copeland Capital Management LLC grew its position in NAPCO Security Technologies by 25.1% during the first 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.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NSSC shares. Needham & Company LLC decreased their target price on NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Lake Street Capital set a $26.00 target price on NAPCO Security Technologies in a research report on Monday, May 5th. DA Davidson set a $33.00 target price on NAPCO Security Technologies and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, Mizuho started coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 target price for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, NAPCO Security Technologies currently has a consensus rating of "Hold" and an average target price of $30.83.

NAPCO Security Technologies Price Performance

NSSC traded up $0.04 on Tuesday, reaching $31.07. The company's stock had a trading volume of 68,580 shares, compared to its average volume of 463,426. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 25.49 and a beta of 1.43. NAPCO Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $58.09. The business's 50 day moving average is $29.22 and its 200 day moving average is $27.09.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly 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. The firm had revenue of $43.96 million during the quarter, compared to the consensus estimate of $45.11 million. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%. NAPCO Security Technologies's revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 earnings per share. As a group, research analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 12th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.56 dividend on an annualized basis and a yield of 1.80%. This is an increase from NAPCO Security Technologies's previous quarterly dividend of $0.13. NAPCO Security Technologies's dividend payout ratio is currently 45.90%.

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.