Napco Security Technologies, Inc. (NSSC) to Issue Quarterly Dividend of $0.13 on April 3rd

Napco Security Technologies, Inc. (NASDAQ:NSSC) announced a quarterly dividend on Thursday, January 30th, Wall Street Journal reports. Investors of record on Wednesday, March 12th will be paid a dividend of 0.125 per share by the industrial products company on Thursday, April 3rd. This represents a $0.50 annualized dividend and a yield of 1.94%. The ex-dividend date is Wednesday, March 12th.

Napco Security Technologies has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Napco Security Technologies to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 34.5%.

Napco Security Technologies Trading Up 3.3 %

Shares of Napco Security Technologies stock opened at $25.74 on Monday. The stock has a 50-day moving average price of $30.28 and a 200 day moving average price of $36.26. The company has a market cap of $936.96 million, a P/E ratio of 19.80 and a beta of 1.59. Napco Security Technologies has a 1 year low of $23.00 and a 1 year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.06). Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The firm had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. During the same period in the previous year, the company earned $0.34 earnings per share. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities analysts forecast that Napco Security Technologies will post 1.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NSSC has been the topic of several research reports. Craig Hallum lowered Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a research report on Tuesday, February 4th. Needham & Company LLC dropped their target price on Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. TD Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Lake Street Capital set a $30.00 target price on Napco Security Technologies and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $36.33.

Napco Security Technologies Company Profile

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.