Napco Security Technologies, Inc. (NASDAQ:NSSC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) have earned an average rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $54.14.

A number of brokerages have recently issued reports on NSSC. B. Riley upped their price objective on Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Needham & Company LLC upped their price target on shares of Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. TD Cowen assumed 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 for the company. Lake Street Capital upped 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. Finally, Craig Hallum reiterated a “buy” rating and issued a $65.00 target price (up from $50.00) on shares of Napco Security Technologies in a research note on Friday, May 24th.

Napco Security Technologies Trading Up 1.0 %

Napco Security Technologies stock opened at $52.48 on Tuesday. Napco Security Technologies has a 1-year low of $17.76 and a 1-year high of $53.59. The company has a fifty day simple moving average of $48.04 and a 200 day simple moving average of $41.99. The company has a market cap of $1.93 billion, a P/E ratio of 41.65 and a beta of 1.62.

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

Napco Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 3rd were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.40 annualized dividend and a yield of 0.76%. Napco Security Technologies’s dividend payout ratio is currently 31.75%.

Insiders Place Their Bets

In other news, CEO Richard Soloway sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $40.75, for a total value of $2,037,500.00. Following the transaction, the chief executive officer now owns 1,656,010 shares of the company’s stock, valued at $67,482,407.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.54% of the company’s stock.

Hedge Funds Weigh In On Napco Security Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Annex Advisory Services LLC raised its holdings in Napco Security Technologies by 13.3% in the 4th quarter. Annex Advisory Services LLC now owns 34,100 shares of the industrial products company’s stock valued at $1,168,000 after acquiring an additional 3,990 shares in the last quarter. Wasatch Advisors LP raised its stake in Napco Security Technologies by 13.3% in the fourth quarter. Wasatch Advisors LP now owns 571,416 shares of the industrial products company’s stock valued at $19,571,000 after purchasing an additional 67,175 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Napco Security Technologies during the fourth quarter worth about $547,000. Los Angeles Capital Management LLC acquired a new stake in Napco Security Technologies during the fourth quarter worth about $843,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Napco Security Technologies by 159.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 156,584 shares of the industrial products company’s stock valued at $5,363,000 after buying an additional 96,205 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

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.