Louisiana State Employees Retirement System Takes Position in NAPCO Security Technologies, Inc. $NSSC

Louisiana State Employees Retirement System purchased a new position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,800 shares of the industrial products company’s stock, valued at approximately $622,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in NAPCO Security Technologies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 2,882,063 shares of the industrial products company’s stock valued at $120,182,000 after acquiring an additional 31,644 shares in the last quarter. Fundsmith LLP lifted its position in shares of NAPCO Security Technologies by 86.4% during the third quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company’s stock worth $76,445,000 after purchasing an additional 824,945 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of NAPCO Security Technologies by 3.0% in the fourth quarter. Janus Henderson Group PLC now owns 1,569,363 shares of the industrial products company’s stock valued at $65,457,000 after purchasing an additional 45,093 shares during the period. Geode Capital Management LLC boosted its stake in shares of NAPCO Security Technologies by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,028,863 shares of the industrial products company’s stock valued at $42,910,000 after purchasing an additional 4,324 shares during the period. Finally, State Street Corp grew its holdings in NAPCO Security Technologies by 14.4% during the 4th quarter. State Street Corp now owns 896,315 shares of the industrial products company’s stock valued at $37,484,000 after purchasing an additional 112,495 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NSSC. Weiss Ratings downgraded shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. DA Davidson restated a “buy” rating and set a $52.00 target price on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Wall Street Zen downgraded NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, TD Cowen reiterated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, NAPCO Security Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $48.67.

NAPCO Security Technologies Trading Down 2.0%

NSSC stock opened at $38.40 on Wednesday. The firm has a 50 day simple moving average of $38.07 and a 200-day simple moving average of $40.77. The company has a market capitalization of $1.37 billion, a P/E ratio of 36.92 and a beta of 1.44. NAPCO Security Technologies, Inc. has a twelve month low of $29.27 and a twelve month high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%. The firm had revenue of $49.17 million for the quarter, compared to analysts’ expectations of $49.26 million. During the same period in the prior year, the company posted $0.28 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. On average, research analysts predict that NAPCO Security Technologies, Inc. will post 1.48 EPS for the current year.

NAPCO Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, June 12th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, June 12th. NAPCO Security Technologies’s dividend payout ratio is 57.69%.

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.