Teachers Retirement System of The State of Kentucky Acquires Shares of 27,209 Napco Security Technologies, Inc. (NASDAQ:NSSC)

Teachers Retirement System of The State of Kentucky bought a new stake in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 27,209 shares of the industrial products company's stock, valued at approximately $968,000. Teachers Retirement System of The State of Kentucky owned approximately 0.07% of Napco Security Technologies as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. New Age Alpha Advisors LLC acquired a new position in shares of Napco Security Technologies during the fourth quarter worth $32,000. Physician Wealth Advisors Inc. bought a new position in shares of Napco Security Technologies during the fourth quarter valued at $63,000. KBC Group NV raised its position in Napco Security Technologies by 83.8% during the 4th quarter. KBC Group NV now owns 2,049 shares of the industrial products company's stock worth $73,000 after purchasing an additional 934 shares during the last quarter. Huntington National Bank grew its position in shares of Napco Security Technologies by 31.4% in the 4th quarter. Huntington National Bank now owns 2,335 shares of the industrial products company's stock valued at $83,000 after buying an additional 558 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Napco Security Technologies in the fourth quarter valued at about $86,000. Institutional investors own 85.07% of the company's stock.

Napco Security Technologies Price Performance

Shares of NSSC stock traded up $0.78 on Friday, reaching $23.78. 457,470 shares of the company were exchanged, compared to its average volume of 505,535. The company has a 50-day moving average of $23.07 and a 200-day moving average of $30.96. The company has a market cap of $865.62 million, a price-to-earnings ratio of 18.29 and a beta of 1.51. Napco Security Technologies, Inc. has a one year low of $19.00 and a one year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The firm had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. During the same period last year, the business posted $0.34 EPS. The company's revenue was down 9.3% on a year-over-year basis. As a group, sell-side analysts predict that Napco Security Technologies, Inc. will post 1.24 EPS for the current year.

Analysts Set New Price Targets

NSSC has been the subject of a number of recent analyst reports. TD Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and decreased their target price for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Craig Hallum downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 target price for the company. in a research note on Tuesday, February 4th. Needham & Company LLC cut their price target on shares of Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Cowen lowered Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Lake Street Capital decreased their target price on Napco Security Technologies from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $35.50.

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.