Teachers Retirement System of The State of Kentucky Boosts Stock Holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

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 raised its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 36.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,019 shares of the industrial products company's stock after purchasing an additional 9,810 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.10% of NAPCO Security Technologies worth $852,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NSSC. New Age Alpha Advisors LLC purchased a new position in NAPCO Security Technologies during the fourth quarter valued at approximately $32,000. Caption Management LLC purchased a new position in NAPCO Security Technologies during the fourth quarter valued at approximately $33,000. GAMMA Investing LLC grew its stake in NAPCO Security Technologies by 227.2% during the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 768 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in NAPCO Security Technologies during the fourth quarter valued at approximately $53,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in NAPCO Security Technologies during the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Stock Up 2.4%

NASDAQ:NSSC opened at $30.42 on Friday. The company has a fifty day moving average of $29.16 and a 200 day moving average of $27.22. NAPCO Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $58.09. The firm has a market capitalization of $1.08 billion, a P/E ratio of 24.93 and a beta of 1.43.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted 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. NAPCO Security Technologies had a net margin of 25.00% and a return on equity of 26.14%. The company had revenue of $43.96 million during the quarter, compared to analyst estimates of $45.11 million. During the same period in the prior year, the business posted $0.37 EPS. The firm's revenue was down 10.8% compared to the same quarter last year. As a group, analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

NAPCO Security Technologies Increases Dividend

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

Analyst Ratings Changes

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

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.

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