VIRGINIA RETIREMENT SYSTEMS ET Al Takes $1.55 Million Position in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Virginia Retirement Systems acquired 40,948 shares of NAPCO Security Technologies worth approximately $1.55 million, while institutional investors collectively own 85.07% of the company.
• NAPCO exceeded quarterly expectations, reporting $0.50 in EPS versus the $0.39 estimate and $55.81 million in revenue, up 10.1% year over year.
• The company raised its quarterly dividend to $0.17 per share, or $0.68 annually, representing a 1.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $50.40, although insiders sold more than 523,000 shares over the past 90 days.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 40,948 shares of the industrial products company's stock, valued at approximately $1,555,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.11% of NAPCO Security Technologies as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP increased its stake in shares of NAPCO Security Technologies by 510.3% during the fourth quarter. GSA Capital Partners LLP now owns 33,768 shares of the industrial products company's stock worth $1,408,000 after purchasing an additional 28,235 shares in the last quarter. Deutsche Bank AG purchased a new position in NAPCO Security Technologies in the 2nd quarter valued at about $1,414,000. Principal Financial Group Inc. lifted its stake in NAPCO Security Technologies by 239.7% in the 1st quarter. Principal Financial Group Inc. now owns 225,314 shares of the industrial products company's stock valued at $8,875,000 after buying an additional 158,984 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in NAPCO Security Technologies in the 2nd quarter worth about $5,833,000. Finally, Y Intercept Hong Kong Ltd boosted its holdings in NAPCO Security Technologies by 113.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 59,331 shares of the industrial products company's stock worth $2,337,000 after buying an additional 31,516 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Trading Up 2.1%

NSSC stock opened at $36.26 on Friday. The firm has a 50-day moving average of $37.19 and a two-hundred day moving average of $39.29. NAPCO Security Technologies, Inc. has a 12 month low of $33.91 and a 12 month high of $51.77. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 29.97 and a beta of 1.43.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. The business had revenue of $55.81 million for the quarter, compared to analysts' expectations of $52.51 million. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The business's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. As a group, equities analysts forecast that NAPCO Security Technologies, Inc. will post 1.66 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, September 11th. This is an increase from NAPCO Security Technologies's previous quarterly dividend of $0.15. NAPCO Security Technologies's dividend payout ratio (DPR) is currently 49.59%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NSSC shares. Benchmark reissued a "buy" rating on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NAPCO Security Technologies in a research note on Friday, August 7th. Needham & Company LLC reiterated a "buy" rating and set a $49.00 price target on shares of NAPCO Security Technologies in a research report on Friday, August 21st. Wall Street Zen downgraded NAPCO Security Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. Finally, DA Davidson set a $52.00 price objective on NAPCO Security Technologies in a report on Tuesday, August 25th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $50.40.

Insider Buying and Selling at NAPCO Security Technologies

In other news, Chairman Richard Soloway sold 379,529 shares of the business's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the transaction, the chairman owned 621,958 shares of the company's stock, valued at approximately $21,457,551. The trade was a 37.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donna Soloway sold 20,962 shares of the company's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $34.62, for a total transaction of $725,704.44. Following the completion of the sale, the director directly owned 20,962 shares of the company's stock, valued at $725,704.44. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 523,962 shares of company stock valued at $18,257,168. 5.65% of the stock is owned by company insiders.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc NASDAQ: NSSC is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company's product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO's offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.

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