Napco Security Technologies, Inc. (NASDAQ:NSSC) Receives Average Recommendation of “Moderate Buy” from Analysts

Napco Security Technologies, Inc. (NASDAQ:NSSC) has received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $55.29.

A number of analysts recently weighed in on the stock. Lake Street Capital reiterated a “buy” rating and issued a $60.00 price target on shares of Napco Security Technologies in a research report on Tuesday. TD Cowen assumed coverage on shares of Napco Security Technologies in a research report on Tuesday, May 28th. They issued a “buy” rating and a $60.00 price target on the stock. Craig Hallum reiterated a “buy” rating and issued a $65.00 price target (up from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Needham & Company LLC increased their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, DA Davidson increased their price target on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th.

Insiders Place Their Bets

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were 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 in the company, valued at approximately $99,518.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.54% of the company’s stock.

Institutional Trading of Napco Security Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC raised its holdings in shares of 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 purchasing an additional 566 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of Napco Security Technologies in the first quarter valued at approximately $27,000. First Horizon Advisors Inc. raised its holdings in shares of Napco Security Technologies by 810.3% in the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 470 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of Napco Security Technologies in the first quarter valued at approximately $28,000. Finally, Quarry LP raised its holdings in shares of Napco Security Technologies by 91.2% in the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 312 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Trading Down 0.7 %

Shares of NASDAQ NSSC opened at $40.47 on Friday. The firm has a market capitalization of $1.49 billion, a PE ratio of 32.12 and a beta of 1.64. Napco Security Technologies has a 1 year low of $17.76 and a 1 year high of $58.09. The firm’s 50-day moving average is $49.34 and its 200-day moving average is $46.82.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $50.33 million for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $0.28 EPS. As a group, equities research analysts anticipate that Napco Security Technologies will post 1.85 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

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

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.