Napco Security Technologies’ (NSSC) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Napco Security Technologies (NASDAQ:NSSC) in a report issued on Thursday,Benzinga reports. The firm currently has a $52.00 price target on the industrial products company’s stock.

Several other equities research analysts have also commented on the company. Craig Hallum reduced their target price on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. DA Davidson reduced their price objective on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. TD Cowen reduced their target price on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Lake Street Capital lowered their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.43.

Napco Security Technologies Price Performance

Shares of NSSC stock opened at $34.96 on Thursday. Napco Security Technologies has a 1-year low of $31.77 and a 1-year high of $58.09. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 25.71 and a beta of 1.65. The stock has a 50 day simple moving average of $36.94 and a 200-day simple moving average of $42.75.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The company had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. Analysts anticipate that Napco Security Technologies will post 1.55 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, December 12th. This represents a $0.50 annualized dividend and a yield of 1.43%. Napco Security Technologies’s dividend payout ratio (DPR) is 36.76%.

Institutional Trading of Napco Security Technologies

Several institutional investors and hedge funds have recently bought and sold shares of NSSC. FMR LLC raised its position in Napco Security Technologies by 30.8% in the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock valued at $85,075,000 after purchasing an additional 494,988 shares during the period. Copeland Capital Management LLC raised its holdings in shares of Napco Security Technologies by 108.6% in the 3rd quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock valued at $42,003,000 after buying an additional 540,436 shares during the period. Geode Capital Management LLC lifted its stake in Napco Security Technologies by 14.3% during the 3rd quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company’s stock worth $38,809,000 after acquiring an additional 120,304 shares in the last quarter. State Street Corp boosted its holdings in Napco Security Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock valued at $31,790,000 after acquiring an additional 16,931 shares during the period. Finally, Emerald Advisers LLC grew its position in Napco Security Technologies by 4.0% in the 3rd quarter. Emerald Advisers LLC now owns 508,257 shares of the industrial products company’s stock valued at $20,564,000 after acquiring an additional 19,674 shares in the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.