Napco Security Technologies’ (NSSC) Buy Rating Reaffirmed at Lake Street Capital

Lake Street Capital restated their buy rating on shares of Napco Security Technologies (NASDAQ:NSSC) in a report issued on Tuesday, Benzinga reports. The firm currently has a $60.00 price target on the industrial products company’s stock.

Other equities analysts have also issued research reports about the stock. DA Davidson lifted their price target on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a buy rating in a research report on Tuesday, August 27th. TD Cowen began coverage on shares of Napco Security Technologies in a report on Tuesday, May 28th. They set a buy rating and a $60.00 price target for the company. Needham & Company LLC lifted their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the stock a buy rating in a research note on Tuesday, August 27th. Finally, Craig Hallum restated a buy rating and set a $65.00 target price (up previously from $50.00) on shares of Napco Security Technologies in a research note on Friday, May 24th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $55.29.

Napco Security Technologies Trading Up 2.3 %

NSSC stock opened at $40.31 on Tuesday. The firm has a market cap of $1.48 billion, a PE ratio of 32.13 and a beta of 1.64. Napco Security Technologies has a 1 year low of $17.76 and a 1 year high of $58.09. The company has a fifty day simple moving average of $50.14 and a 200 day simple moving average of $46.95.

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

Napco Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a $0.125 dividend. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, September 12th. This represents a $0.50 annualized dividend and a yield of 1.24%. Napco Security Technologies’s dividend payout ratio is 39.68%.

Insiders Place Their Bets

In other news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the sale, the director now directly owns 2,681 shares in the company, valued at $99,518.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 11.54% of the company’s stock.

Institutional Trading of Napco Security Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSSC. Quadrant Capital Group LLC boosted its holdings in Napco Security Technologies by 332.9% during the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 566 shares in the last quarter. Hollencrest Capital Management acquired a new stake in Napco Security Technologies in the 1st quarter valued at $27,000. First Horizon Advisors Inc. grew its position in 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 valued at $27,000 after acquiring an additional 470 shares during the period. Whittier Trust Co. acquired a new position in Napco Security Technologies during the first quarter worth $28,000. Finally, Quarry LP raised its stake in Napco Security Technologies by 91.2% during the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 312 shares in the last quarter. 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.