Napco Security Technologies (NASDAQ:NSSC) Given New $55.00 Price Target at DA Davidson

Napco Security Technologies (NASDAQ:NSSC) had its price target lifted by DA Davidson from $53.00 to $55.00 in a report released on Tuesday, Benzinga reports. DA Davidson currently has a buy rating on the industrial products company’s stock.

Other equities analysts have also recently issued reports about the stock. Craig Hallum reissued a buy rating and issued a $65.00 price objective (up from $50.00) on shares of Napco Security Technologies in a research note on Friday, May 24th. Lake Street Capital increased their price target 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. Needham & Company LLC raised their price objective 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. TD Cowen began coverage on Napco Security Technologies in a research report on Tuesday, May 28th. They set a buy rating and a $60.00 target price on the stock. Finally, B. Riley raised their price target on Napco Security Technologies from $36.00 to $45.00 and gave the company a neutral rating in a report on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $55.29.

Napco Security Technologies Stock Performance

Shares of NSSC opened at $46.40 on Tuesday. Napco Security Technologies has a fifty-two week low of $17.76 and a fifty-two week high of $58.09. The firm has a 50-day simple moving average of $53.48 and a 200-day simple moving average of $47.37. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 36.83 and a beta of 1.62.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $50.33 million during the quarter, compared to analysts’ expectations of $50.18 million. Napco Security Technologies had a return on equity of 30.50% and a net margin of 25.58%. During the same period last year, the firm earned $0.28 EPS. Equities research analysts forecast that Napco Security Technologies will post 1.35 EPS for the current year.

Napco Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be paid a $0.125 dividend. 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 1.08%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 31.75%.

Insiders Place Their Bets

In other Napco Security Technologies news, SVP Stephen M. Spinelli sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.13, for a total value of $156,390.00. Following the sale, the senior vice president now owns 24,928 shares of the company’s stock, valued at $1,299,496.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.54% of the stock is owned by company insiders.

Institutional Trading of Napco Security Technologies

Several large investors have recently modified their holdings of the business. Sei Investments Co. purchased a new stake in Napco Security Technologies in the 1st quarter valued at approximately $682,000. Annex Advisory Services LLC lifted its position in shares of Napco Security Technologies by 13.3% in the fourth quarter. Annex Advisory Services LLC now owns 34,100 shares of the industrial products company’s stock valued at $1,168,000 after acquiring an additional 3,990 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Napco Security Technologies during the first quarter valued at $2,610,000. Wasatch Advisors LP increased its position in Napco Security Technologies by 13.3% during the 4th quarter. Wasatch Advisors LP now owns 571,416 shares of the industrial products company’s stock worth $19,571,000 after purchasing an additional 67,175 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Napco Security Technologies in the 4th quarter valued at about $547,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Company Profile

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.