Napco Security Technologies, Inc. (NASDAQ:NSSC) Receives $55.29 Average Target Price from Brokerages

Napco Security Technologies, Inc. (NASDAQ:NSSC) has earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $47.14.

A number of equities analysts recently commented on the company. Needham & Company LLC upped their target price on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. TD Cowen decreased their price objective on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday. DA Davidson decreased their price objective on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday. StockNews.com downgraded Napco Security Technologies from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Lake Street Capital decreased their price objective on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday.

Napco Security Technologies Stock Up 1.2 %

Shares of Napco Security Technologies stock opened at $38.66 on Monday. The company has a market cap of $1.42 billion, a PE ratio of 28.43 and a beta of 1.64. The business has a 50 day moving average of $39.38 and a 200 day moving average of $46.68. Napco Security Technologies has a 52 week low of $24.80 and a 52 week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The business had revenue of $44.00 million for the quarter, compared to the consensus estimate of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. Napco Security Technologies’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 EPS. On average, research analysts anticipate that Napco Security Technologies will post 1.49 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.29%. Napco Security Technologies’s payout ratio is presently 36.76%.

Insider Activity at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the sale, the director now directly owns 2,681 shares of the company’s stock, valued at $99,518.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 11.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Napco Security Technologies

Institutional investors have recently modified their holdings of the business. Sei Investments Co. purchased a new stake in shares of Napco Security Technologies during the first quarter valued at $682,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Napco Security Technologies in the first quarter worth about $2,610,000. SG Americas Securities LLC boosted its position in Napco Security Technologies by 250.8% in the second quarter. SG Americas Securities LLC now owns 22,714 shares of the industrial products company’s stock worth $1,180,000 after purchasing an additional 16,239 shares during the last quarter. Norden Group LLC purchased a new position in Napco Security Technologies in the first quarter worth about $565,000. Finally, Natixis Advisors LLC purchased a new position in Napco Security Technologies in the second quarter worth about $6,141,000. 85.07% of the stock is 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.