Napco Security Technologies (NASDAQ:NSSC) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Napco Security Technologies (NASDAQ:NSSC) posted its quarterly earnings data on Monday. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01, RTT News reports. The firm had revenue of $50.33 million during the quarter, compared to analyst estimates of $50.18 million. Napco Security Technologies had a net margin of 25.58% and a return on equity of 30.50%. During the same quarter in the previous year, the business posted $0.28 EPS.

Napco Security Technologies Stock Performance

Shares of NASDAQ:NSSC traded up $1.00 during trading on Wednesday, reaching $47.40. The company had a trading volume of 618,344 shares, compared to its average volume of 380,898. The firm’s fifty day moving average is $53.48 and its 200 day moving average is $47.37. The firm has a market capitalization of $1.75 billion, a PE ratio of 37.62 and a beta of 1.62. Napco Security Technologies has a twelve month low of $17.76 and a twelve month high of $58.09.

Napco Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, September 12th. Napco Security Technologies’s payout ratio is presently 31.75%.

Analysts Set New Price Targets

A number of analysts recently issued reports on NSSC shares. TD Cowen initiated coverage on shares of Napco Security Technologies in a report on Tuesday, May 28th. They set a “buy” rating and a $60.00 price target on the stock. DA Davidson raised their price objective on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday. B. Riley boosted their price objective 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. Lake Street Capital upped their price target on shares of Napco Security Technologies from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Finally, Craig Hallum reiterated a “buy” rating and issued a $65.00 price target (up previously from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Napco Security Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $55.29.

Insider Transactions at Napco Security Technologies

In other news, SVP Stephen M. Spinelli sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.13, for a total transaction of $156,390.00. Following the sale, the senior vice president now owns 24,928 shares in the company, valued at $1,299,496.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.54% of the company’s stock.

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.