Napco Security Technologies (NASDAQ:NSSC) Now Covered by Analysts at DA Davidson

DA Davidson began coverage on shares of Napco Security Technologies (NASDAQ:NSSC) in a report released on Friday, MarketBeat.com reports. The brokerage issued a buy rating and a $52.00 price target on the industrial products company’s stock.

Several other equities analysts also recently commented on the company. StockNews.com downgraded Napco Security Technologies from a buy rating to a hold rating in a research report on Tuesday, February 13th. Imperial Capital downgraded Napco Security Technologies from an outperform rating to an in-line rating and set a $45.00 target price for the company. in a research report on Tuesday, February 6th. Finally, Needham & Company LLC reiterated a buy rating and issued a $46.00 price objective on shares of Napco Security Technologies in a research report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $36.67.

Napco Security Technologies Trading Up 1.1 %

Shares of NASDAQ:NSSC opened at $43.86 on Friday. Napco Security Technologies has a 1-year low of $17.76 and a 1-year high of $46.26. The firm has a market capitalization of $1.61 billion, a PE ratio of 36.86 and a beta of 1.55. The business’s 50 day moving average is $41.25 and its 200-day moving average is $34.44.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, February 5th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. The business had revenue of $47.50 million during the quarter, compared to the consensus estimate of $43.92 million. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. Napco Security Technologies’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS. On average, sell-side analysts predict that Napco Security Technologies will post 1.3 EPS for the current year.

Napco Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were paid a $0.10 dividend. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Thursday, February 29th. Napco Security Technologies’s dividend payout ratio (DPR) is 33.61%.

Insider Activity

In other news, CEO Richard Soloway sold 50,000 shares of Napco Security Technologies stock in a transaction on Monday, April 8th. The stock was sold at an average price of $40.75, for a total value of $2,037,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,010 shares of the company’s stock, valued at approximately $67,482,407.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Michael Carrieri sold 5,200 shares of Napco Security Technologies stock in a transaction on Friday, February 9th. The stock was sold at an average price of $45.92, for a total transaction of $238,784.00. Following the completion of the sale, the senior vice president now directly owns 14,232 shares of the company’s stock, valued at $653,533.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard Soloway sold 50,000 shares of Napco Security Technologies stock in a transaction on Monday, April 8th. The stock was sold at an average price of $40.75, for a total value of $2,037,500.00. Following the sale, the chief executive officer now directly owns 1,656,010 shares of the company’s stock, valued at $67,482,407.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,200 shares of company stock valued at $3,987,644. Company insiders own 11.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSSC. Quadrant Capital Group LLC grew its stake in Napco Security Technologies by 332.9% in the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 566 shares during the period. Copeland Capital Management LLC bought a new stake in shares of Napco Security Technologies in the third quarter valued at about $28,000. Arcadia Investment Management Corp MI lifted its holdings in shares of Napco Security Technologies by 48.6% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 459 shares in the last quarter. RiverPark Advisors LLC raised its holdings in Napco Security Technologies by 80.1% during the fourth quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 743 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Napco Security Technologies during the third quarter worth about $101,000. 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 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.