Teacher Retirement System of Texas Sells 24,915 Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Teacher Retirement System of Texas lowered its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 56.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,455 shares of the industrial products company’s stock after selling 24,915 shares during the period. Teacher Retirement System of Texas owned 0.05% of NAPCO Security Technologies worth $448,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. New Age Alpha Advisors LLC acquired a new position in NAPCO Security Technologies in the 4th quarter valued at $32,000. Caption Management LLC bought a new position in NAPCO Security Technologies in the fourth quarter valued at about $33,000. GAMMA Investing LLC raised its position in NAPCO Security Technologies by 227.2% in the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 768 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of NAPCO Security Technologies in the fourth quarter valued at about $53,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of NAPCO Security Technologies in the fourth quarter valued at about $54,000. 85.07% of the stock is owned by institutional investors and hedge funds.

NAPCO Security Technologies Price Performance

Shares of NASDAQ:NSSC opened at $30.85 on Friday. NAPCO Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $58.09. The business has a 50 day simple moving average of $28.81 and a two-hundred day simple moving average of $27.43. The firm has a market capitalization of $1.10 billion, a PE ratio of 25.29 and a beta of 1.43.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $43.96 million for the quarter, compared to the consensus estimate of $45.11 million. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%. The business’s revenue was down 10.8% compared to the same quarter last year. During the same period last year, the business posted $0.37 EPS. Equities research analysts expect that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.82%. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, June 12th. NAPCO Security Technologies’s dividend payout ratio is presently 45.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. DA Davidson set a $33.00 target price on NAPCO Security Technologies and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Mizuho assumed coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They set an “outperform” rating and a $39.00 target price on the stock. Needham & Company LLC dropped their price target on NAPCO Security Technologies from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Finally, Lake Street Capital set a $26.00 target price on NAPCO Security Technologies in a research note on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.83.

About NAPCO Security Technologies

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.