Teacher Retirement System of Texas Acquires New Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Teacher Retirement System of Texas acquired a new stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 23,190 shares of the industrial products company’s stock, valued at approximately $794,000. Teacher Retirement System of Texas owned 0.06% of Napco Security Technologies at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Arcadia Investment Management Corp MI boosted its stake in Napco Security Technologies by 48.6% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 459 shares during the period. RiverPark Advisors LLC boosted its stake in Napco Security Technologies by 80.1% in the 4th quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 743 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Napco Security Technologies in the 3rd quarter worth approximately $101,000. Allworth Financial LP boosted its stake in Napco Security Technologies by 19.9% in the 4th quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 550 shares during the period. Finally, Spire Wealth Management bought a new position in Napco Security Technologies in the 4th quarter worth approximately $154,000. 85.07% of the stock is currently owned by institutional investors.

Napco Security Technologies Stock Performance

NASDAQ:NSSC opened at $48.63 on Friday. The stock’s fifty day moving average is $41.86 and its 200 day moving average is $37.71. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $48.69. The firm has a market capitalization of $1.79 billion, a PE ratio of 38.60 and a beta of 1.51.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. Napco Security Technologies had a return on equity of 30.50% and a net margin of 25.58%. The company had revenue of $49.30 million for the quarter, compared to analyst estimates of $48.16 million. During the same quarter in the prior year, the firm posted $0.29 EPS. Napco Security Technologies’s quarterly revenue was up 13.3% compared to the same quarter last year. Equities analysts forecast that Napco Security Technologies, Inc. will post 1.35 EPS for the current year.

Napco Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.40 annualized dividend and a yield of 0.82%. Napco Security Technologies’s payout ratio is presently 31.75%.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies news, CEO Richard Soloway sold 250,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total value of $11,050,000.00. Following the sale, the chief executive officer now owns 1,406,010 shares in the company, valued at $62,145,642. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 11.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on NSSC. StockNews.com downgraded Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. DA Davidson began coverage on Napco Security Technologies in a report on Friday, April 26th. They set a “buy” rating and a $52.00 price objective on the stock. Needham & Company LLC upped their price objective on Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Imperial Capital cut Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price objective on the stock. in a report on Tuesday, February 6th. Finally, B. Riley upped their price objective on Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. 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, the stock has a consensus rating of “Hold” and an average price target of $41.83.

Napco Security Technologies Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.