40,948 Shares in NAPCO Security Technologies, Inc. $NSSC Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 40,948 shares of the industrial products company’s stock, valued at approximately $1,555,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of NAPCO Security Technologies by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock valued at $481,000 after purchasing an additional 885 shares during the last quarter. Millennium Management LLC increased its position in shares of NAPCO Security Technologies by 62.4% during the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after purchasing an additional 295,755 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of NAPCO Security Technologies by 75.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock worth $13,565,000 after purchasing an additional 254,007 shares during the last quarter. Jane Street Group LLC raised its holdings in NAPCO Security Technologies by 351.7% in the 1st quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock valued at $2,261,000 after buying an additional 76,478 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in NAPCO Security Technologies in the 1st quarter valued at about $91,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NSSC shares. Wall Street Zen lowered shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Needham & Company LLC reissued a “buy” rating and issued a $49.00 price target on shares of NAPCO Security Technologies in a research note on Friday, August 21st. Benchmark restated a “buy” rating on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. DA Davidson set a $52.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, August 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.40.

Insider Buying and Selling

In related news, Director Donna Soloway sold 28,000 shares of NAPCO Security Technologies stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $35.98, for a total value of $1,007,440.00. Following the completion of the transaction, the director owned 20,962 shares in the company, valued at approximately $754,212.76. The trade was a 57.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard Soloway sold 379,529 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the sale, the chairman directly owned 621,958 shares in the company, valued at approximately $21,457,551. The trade was a 37.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 523,962 shares of company stock valued at $18,257,168 in the last 90 days. Company insiders own 5.65% of the company’s stock.

NAPCO Security Technologies Trading Up 2.1%

NSSC opened at $36.26 on Friday. The stock’s 50-day moving average price is $37.19 and its 200 day moving average price is $39.29. NAPCO Security Technologies, Inc. has a 12-month low of $33.91 and a 12-month high of $51.77. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 29.97 and a beta of 1.43.

NAPCO Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.11. The company had revenue of $55.81 million during the quarter, compared to the consensus estimate of $52.51 million. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.NAPCO Security Technologies’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. On average, research analysts forecast that NAPCO Security Technologies, Inc. will post 1.66 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, September 11th. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.9%. NAPCO Security Technologies’s payout ratio is 49.59%.

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.