AQR Capital Management LLC Has $7.21 Million Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

AQR Capital Management LLC boosted its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 29.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,790 shares of the industrial products company’s stock after buying an additional 31,737 shares during the quarter. AQR Capital Management LLC owned about 0.38% of Napco Security Technologies worth $7,210,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NSSC. Sei Investments Co. acquired a new position in shares of Napco Security Technologies during the 1st quarter valued at about $682,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Napco Security Technologies in the first quarter valued at approximately $2,610,000. Wasatch Advisors LP boosted its holdings in shares of Napco Security Technologies by 13.3% during the 4th quarter. Wasatch Advisors LP now owns 571,416 shares of the industrial products company’s stock worth $19,571,000 after buying an additional 67,175 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Napco Security Technologies during the 4th quarter worth $547,000. Finally, Annex Advisory Services LLC grew its stake in Napco Security Technologies by 588.0% in the 1st quarter. Annex Advisory Services LLC now owns 234,594 shares of the industrial products company’s stock valued at $9,421,000 after buying an additional 200,494 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

Napco Security Technologies Price Performance

NSSC opened at $38.19 on Friday. The stock has a market capitalization of $1.41 billion, a P/E ratio of 30.90 and a beta of 1.64. The company’s 50 day simple moving average is $46.70 and its 200-day simple moving average is $46.83. Napco Security Technologies, Inc. has a one year low of $17.76 and a one year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, August 26th. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. The company had revenue of $50.33 million during the quarter, compared to analysts’ expectations of $50.18 million. During the same period last year, the firm earned $0.28 EPS. As a group, analysts anticipate that Napco Security Technologies, Inc. will post 1.85 EPS for the current year.

Napco Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were issued a dividend of $0.125 per share. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 1.31%. The ex-dividend date was Thursday, September 12th. Napco Security Technologies’s payout ratio is currently 39.68%.

Insider Activity

In related news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the sale, the director now directly owns 2,681 shares of the company’s stock, valued at $99,518.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 11.54% of the company’s stock.

Analyst Upgrades and Downgrades

NSSC has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Lake Street Capital reaffirmed a “buy” rating and issued a $60.00 target price on shares of Napco Security Technologies in a report on Tuesday, September 17th. Finally, DA Davidson upped their price target on Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.29.

Napco Security Technologies Company 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.