Arizona State Retirement System Has $535,000 Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Arizona State Retirement System grew its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 13.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,297 shares of the industrial products company’s stock after buying an additional 1,202 shares during the quarter. Arizona State Retirement System’s holdings in Napco Security Technologies were worth $535,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NSSC. Epic Trust Investment Advisors LLC lifted its position in shares of Napco Security Technologies by 3.0% in the second quarter. Epic Trust Investment Advisors LLC now owns 9,678 shares of the industrial products company’s stock worth $503,000 after purchasing an additional 279 shares in the last quarter. CWM LLC lifted its position in shares of Napco Security Technologies by 14.8% in the second quarter. CWM LLC now owns 2,761 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 356 shares in the last quarter. Comerica Bank lifted its position in shares of Napco Security Technologies by 19.1% in the first quarter. Comerica Bank now owns 2,586 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 415 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Napco Security Technologies by 810.3% in the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 470 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Napco Security Technologies by 8.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,327 shares of the industrial products company’s stock worth $329,000 after purchasing an additional 494 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Napco Security Technologies Price Performance

Shares of NSSC opened at $39.42 on Tuesday. The firm has a market capitalization of $1.45 billion, a PE ratio of 31.29 and a beta of 1.64. The company’s 50-day moving average is $50.44 and its 200-day moving average is $46.98. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $50.33 million for the quarter, compared to analyst estimates of $50.18 million. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. During the same period in the prior year, the firm earned $0.28 earnings per share. Analysts predict that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be given a $0.125 dividend. The ex-dividend date is Thursday, September 12th. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.27%. Napco Security Technologies’s dividend payout ratio is presently 39.68%.

Insider Activity

In related news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the transaction, the director now directly owns 2,681 shares in the company, valued at $99,518.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.54% of the company’s stock.

Wall Street Analysts Forecast Growth

NSSC has been the topic of a number of research reports. TD Cowen initiated coverage on shares of Napco Security Technologies in a research report on Tuesday, May 28th. They issued a “buy” rating and a $60.00 price objective on the stock. Needham & Company LLC upped their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Lake Street Capital upped their price target on shares of Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Craig Hallum reaffirmed a “buy” rating and set a $65.00 price target (up from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Finally, DA Davidson upped their price target on shares of Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Napco Security Technologies currently has an average rating of “Moderate Buy” and an average target price of $55.29.

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.