Napco Security Technologies (NASDAQ:NSSC) Receives “Buy” Rating from Needham & Company LLC

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

A number of other research firms have also recently weighed in on NSSC. DA Davidson cut their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Craig Hallum cut their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Lake Street Capital cut their price objective on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. TD Cowen cut their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Napco Security Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $46.43.

Napco Security Technologies Stock Up 0.7 %

Shares of NASDAQ:NSSC opened at $34.83 on Thursday. The firm’s 50 day moving average price is $37.02 and its 200 day moving average price is $42.95. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 25.61 and a beta of 1.65. Napco Security Technologies has a fifty-two week low of $31.77 and a fifty-two week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). The firm had revenue of $44.00 million during the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. On average, equities analysts anticipate that Napco Security Technologies will post 1.55 EPS for the current year.

Napco Security Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th were issued a $0.125 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.44%. Napco Security Technologies’s payout ratio is 36.76%.

Hedge Funds Weigh In On Napco Security Technologies

A number of institutional investors have recently modified their holdings of NSSC. Commonwealth Equity Services LLC increased its holdings in shares of Napco Security Technologies by 143.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 13,683 shares of the industrial products company’s stock valued at $711,000 after acquiring an additional 8,072 shares during the period. Rhumbline Advisers grew its position in Napco Security Technologies by 11.0% in the 2nd quarter. Rhumbline Advisers now owns 51,743 shares of the industrial products company’s stock valued at $2,688,000 after buying an additional 5,111 shares during the last quarter. American Century Companies Inc. grew its position in Napco Security Technologies by 32.9% in the 2nd quarter. American Century Companies Inc. now owns 74,243 shares of the industrial products company’s stock valued at $3,857,000 after buying an additional 18,364 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Napco Security Technologies by 35.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company’s stock valued at $20,019,000 after buying an additional 101,182 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Napco Security Technologies by 17.4% in the 2nd quarter. Renaissance Technologies LLC now owns 244,400 shares of the industrial products company’s stock valued at $12,697,000 after buying an additional 36,200 shares during the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

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.