Principal Financial Group Inc. Grows Stock Holdings in NAPCO Security Technologies, Inc. $NSSC

Principal Financial Group Inc. grew its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 239.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 225,314 shares of the industrial products company’s stock after acquiring an additional 158,984 shares during the period. Principal Financial Group Inc.’s holdings in NAPCO Security Technologies were worth $8,875,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky lifted its stake in NAPCO Security Technologies by 20.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 51,962 shares of the industrial products company’s stock worth $2,047,000 after acquiring an additional 8,850 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in NAPCO Security Technologies in the 1st quarter valued at about $347,000. Fifth Third Bancorp purchased a new stake in NAPCO Security Technologies during the first quarter worth about $626,000. Oregon Public Employees Retirement Fund purchased a new stake in NAPCO Security Technologies during the first quarter worth about $323,000. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of NAPCO Security Technologies by 113.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 59,331 shares of the industrial products company’s stock worth $2,337,000 after purchasing an additional 31,516 shares in the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

NAPCO Security Technologies Price Performance

NSSC opened at $35.74 on Monday. NAPCO Security Technologies, Inc. has a 12 month low of $29.27 and a 12 month high of $48.12. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 34.37 and a beta of 1.44. The business has a fifty day moving average price of $36.67 and a 200 day moving average price of $40.22.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $49.17 million for the quarter, compared to analyst estimates of $49.26 million. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.NAPCO Security Technologies’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. On average, research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.49 earnings per share for the current year.

NAPCO Security Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, June 12th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, June 12th. NAPCO Security Technologies’s dividend payout ratio is presently 57.69%.

Analyst Ratings Changes

Several research analysts have recently commented on NSSC shares. Weiss Ratings lowered shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. TD Cowen reaffirmed a “buy” rating and set a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. DA Davidson reiterated a “buy” rating and set a $52.00 target price on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Finally, Wall Street Zen lowered shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, NAPCO Security Technologies currently has a consensus rating of “Moderate Buy” and an average target price 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.