Napco Security Technologies (NASDAQ:NSSC) Hits New 1-Year High at $53.55

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $53.55 and last traded at $53.52, with a volume of 14826 shares changing hands. The stock had previously closed at $53.00.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NSSC. B. Riley lifted their target price on shares of Napco Security Technologies from $36.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Craig Hallum reiterated a “buy” rating and set a $65.00 target price (up from $50.00) on shares of Napco Security Technologies in a report on Friday, May 24th. Needham & Company LLC lifted their target price on shares of Napco Security Technologies from $46.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. DA Davidson began coverage on shares of Napco Security Technologies in a report on Friday, April 26th. They set a “buy” rating and a $52.00 target price for the company. Finally, Lake Street Capital lifted their target price on shares of Napco Security Technologies from $54.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.14.

Napco Security Technologies Trading Down 1.2 %

The company has a market capitalization of $1.93 billion, a PE ratio of 41.56 and a beta of 1.61. The business’s fifty day moving average is $46.17 and its two-hundred day moving average is $40.87.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, May 6th. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $49.30 million during the quarter, compared to analyst estimates of $48.16 million. Napco Security Technologies had a net margin of 25.58% and a return on equity of 30.50%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. As a group, equities research analysts anticipate that Napco Security Technologies, Inc. will post 1.35 EPS for the current year.

Napco Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. Napco Security Technologies’s dividend payout ratio is presently 31.75%.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, CEO Richard Soloway sold 50,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,010 shares in the company, valued at approximately $67,482,407.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 11.54% of the company’s stock.

Institutional Investors Weigh In On Napco Security Technologies

A number of hedge funds have recently modified their holdings of the business. Comerica Bank grew its position in shares of Napco Security Technologies by 19.1% during the 1st quarter. Comerica Bank now owns 2,586 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 415 shares during the period. Sandia Investment Management LP bought a new stake in shares of Napco Security Technologies during the 1st quarter valued at $201,000. Price T Rowe Associates Inc. MD grew its position in shares of Napco Security Technologies by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,691 shares of the industrial products company’s stock valued at $872,000 after acquiring an additional 1,154 shares during the period. Truvestments Capital LLC bought a new stake in shares of Napco Security Technologies during the 1st quarter valued at $198,000. Finally, Teton Advisors Inc. bought a new stake in shares of Napco Security Technologies during the 1st quarter valued at $201,000. Institutional investors own 85.07% of the company’s stock.

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.