Napco Security Technologies (NASDAQ:NSSC) Announces Earnings Results

Napco Security Technologies (NASDAQ:NSSC) announced its earnings results on Monday. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.04), Briefing.com reports. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. The company had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $46.56 million. During the same period last year, the business earned $0.28 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year.

Napco Security Technologies Price Performance

Shares of NASDAQ:NSSC opened at $34.51 on Tuesday. Napco Security Technologies has a 12 month low of $21.31 and a 12 month high of $58.09. The firm has a market capitalization of $1.27 billion, a P/E ratio of 25.75 and a beta of 1.64. The company’s fifty day moving average price is $40.07 and its 200 day moving average price is $46.85.

Napco Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.45%. Napco Security Technologies’s dividend payout ratio (DPR) is 37.31%.

Insiders Place Their Bets

In related news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the sale, the director now directly owns 2,681 shares of the company’s stock, valued at $99,518.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Lake Street Capital reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Napco Security Technologies in a research note on Tuesday, September 17th. DA Davidson lifted their target price on Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, Needham & Company LLC raised their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Napco Security Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $55.29.

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.