Napco Security Technologies, Inc. (NASDAQ:NSSC) Receives $55.29 Average PT from Analysts

Napco Security Technologies, Inc. (NASDAQ:NSSC) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $55.29.

Several equities analysts recently commented on the stock. Needham & Company LLC upped their target price 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. Lake Street Capital restated a “buy” rating and issued a $60.00 price objective on shares of Napco Security Technologies in a research note on Tuesday. Craig Hallum restated a “buy” rating and issued a $65.00 price objective (up previously from $50.00) on shares of Napco Security Technologies in a research note on Friday, May 24th. DA Davidson increased their price objective on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Finally, TD Cowen started coverage on shares of Napco Security Technologies in a research note on Tuesday, May 28th. They issued a “buy” rating and a $60.00 price objective for the company.

Insider Buying and Selling

In related news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the sale, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Napco Security Technologies

A number of hedge funds have recently added to or reduced their stakes in NSSC. Quadrant Capital Group LLC grew its holdings in Napco Security Technologies by 332.9% during the 4th quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 566 shares during the last quarter. Hollencrest Capital Management bought a new stake in Napco Security Technologies during the 1st quarter worth about $27,000. First Horizon Advisors Inc. grew its holdings in Napco Security Technologies by 810.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 470 shares during the last quarter. Whittier Trust Co. bought a new stake in Napco Security Technologies during the 1st quarter worth about $28,000. Finally, Quarry LP grew its holdings in Napco Security Technologies by 91.2% during the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 312 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Price Performance

NASDAQ:NSSC opened at $40.47 on Friday. The stock has a market cap of $1.49 billion, a P/E ratio of 32.12 and a beta of 1.64. Napco Security Technologies has a one year low of $17.76 and a one year high of $58.09. The company has a fifty day moving average price of $49.34 and a 200 day moving average price of $46.82.

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

Napco Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.24%. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. Napco Security Technologies’s dividend payout ratio (DPR) is 39.68%.

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.