15,800 Shares in NAPCO Security Technologies, Inc. $NSSC Purchased by Louisiana State Employees Retirement System

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

Other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in shares of NAPCO Security Technologies by 193.3% during the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after buying an additional 377 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of NAPCO Security Technologies by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 6,313 shares of the industrial products company’s stock valued at $263,000 after buying an additional 407 shares in the last quarter. Legal & General Group Plc grew its holdings in NAPCO Security Technologies by 1.0% during the third quarter. Legal & General Group Plc now owns 43,937 shares of the industrial products company’s stock worth $1,887,000 after acquiring an additional 430 shares during the period. Alliancebernstein L.P. raised its position in NAPCO Security Technologies by 1.3% in the third quarter. Alliancebernstein L.P. now owns 36,826 shares of the industrial products company’s stock worth $1,582,000 after acquiring an additional 474 shares in the last quarter. Finally, Maseco LLP acquired a new stake in NAPCO Security Technologies in the fourth quarter valued at $25,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Price Performance

NASDAQ NSSC opened at $38.40 on Wednesday. NAPCO Security Technologies, Inc. has a 1-year low of $29.27 and a 1-year high of $48.12. The firm has a market capitalization of $1.37 billion, a P/E ratio of 36.92 and a beta of 1.44. The business’s 50-day simple moving average is $38.07 and its 200-day simple moving average is $40.77.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.39 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 analyst estimates of $49.26 million. During the same quarter last year, the firm posted $0.28 earnings per share. NAPCO Security Technologies’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts expect that NAPCO Security Technologies, Inc. will post 1.48 EPS for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NSSC shares. DA Davidson reaffirmed a “buy” rating and set a $52.00 price target on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Wall Street Zen cut shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings cut shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, TD Cowen reiterated a “buy” rating and set a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.67.

NAPCO Security Technologies Company Profile

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.