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

Napco Security Technologies, Inc. (NASDAQ:NSSC) has been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $54.14.

Several equities research analysts recently weighed in on NSSC shares. TD Cowen initiated coverage on Napco Security Technologies in a research note on Tuesday, May 28th. They issued a “buy” rating and a $60.00 price target on the stock. B. Riley upped their target price on shares of Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. 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 note on Friday, May 24th. Needham & Company LLC boosted their price objective on shares of Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, Lake Street Capital upped their price objective on shares of Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th.

Insider Transactions at Napco Security Technologies

In related news, CEO Richard Soloway sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the completion of the sale, the chief executive officer now owns 1,656,010 shares of the company’s stock, valued at $67,482,407.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.54% of the company’s stock.

Institutional Investors Weigh In On Napco Security Technologies

Several institutional investors have recently modified their holdings of the business. Comerica Bank lifted its stake in Napco Security Technologies by 19.1% during the 1st quarter. Comerica Bank now owns 2,586 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 415 shares during the period. Sandia Investment Management LP purchased a new position in shares of Napco Security Technologies during the first quarter valued at approximately $201,000. Price T Rowe Associates Inc. MD lifted its position in Napco Security Technologies by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,691 shares of the industrial products company’s stock valued at $872,000 after purchasing an additional 1,154 shares during the period. Truvestments Capital LLC purchased a new stake in Napco Security Technologies in the first quarter worth approximately $198,000. Finally, Teton Advisors Inc. purchased a new stake in Napco Security Technologies in the first quarter worth approximately $201,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

Napco Security Technologies Trading Up 1.0 %

Shares of NSSC opened at $52.48 on Tuesday. Napco Security Technologies has a 1-year low of $17.76 and a 1-year high of $53.59. The firm’s 50-day moving average price is $48.04 and its 200-day moving average price is $41.99. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 41.65 and a beta of 1.62.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. Napco Security Technologies had a return on equity of 30.50% and a net margin of 25.58%. The business had revenue of $49.30 million for the quarter, compared to analysts’ expectations of $48.16 million. During the same period in the previous year, the firm posted $0.29 EPS. The business’s revenue was up 13.3% on a year-over-year basis. On average, research analysts forecast that Napco Security Technologies will post 1.35 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. Napco Security Technologies’s dividend payout ratio is currently 31.75%.

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.