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

Napco Security Technologies, Inc. (NASDAQ:NSSC) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $55.29.

NSSC has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Craig Hallum reiterated a “buy” rating and issued a $65.00 price objective (up previously from $50.00) on shares of Napco Security Technologies in a report on Friday, May 24th. DA Davidson boosted their price objective on shares of Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. TD Cowen initiated coverage on shares of Napco Security Technologies in a research report on Tuesday, May 28th. They issued a “buy” rating and a $60.00 target price for the company. Finally, Lake Street Capital reissued a “buy” rating and issued a $60.00 target price on shares of Napco Security Technologies in a research report on Tuesday.

Napco Security Technologies Trading Up 2.3 %

NASDAQ:NSSC opened at $40.31 on Friday. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 32.13 and a beta of 1.64. The firm’s fifty day simple moving average is $50.14 and its 200 day simple moving average is $46.95. Napco Security Technologies has a twelve month low of $17.76 and a twelve month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. The firm had revenue of $50.33 million for the quarter, compared to analyst estimates of $50.18 million. During the same quarter in the previous year, the business posted $0.28 EPS. On average, analysts predict that Napco Security Technologies will post 1.85 earnings per share for the current year.

Napco Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, September 12th. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.10. Napco Security Technologies’s dividend payout ratio is currently 39.68%.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the transaction, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 11.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC grew its position in Napco Security Technologies by 332.9% in the 4th quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock worth $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 1st quarter worth approximately $27,000. First Horizon Advisors Inc. lifted its stake in shares of Napco Security Technologies by 810.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 470 shares during the period. Whittier Trust Co. acquired a new stake in shares of Napco Security Technologies in the 1st quarter worth approximately $28,000. Finally, Quarry LP lifted its stake in shares of Napco Security Technologies by 91.2% in the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 312 shares during the period. Institutional investors own 85.07% of the company’s stock.

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.