Napco Security Technologies (NASDAQ:NSSC) Hits New 1-Year High at $53.70

Napco Security Technologies, Inc. (NASDAQ:NSSC)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $53.70 and last traded at $53.66, with a volume of 346728 shares trading hands. The stock had previously closed at $52.48.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NSSC shares. Lake Street Capital raised their price objective on Napco Security Technologies from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. DA Davidson started coverage on Napco Security Technologies in a research note on Friday, April 26th. They set a “buy” rating and a $52.00 price objective for the company. Needham & Company LLC raised their price objective on Napco Security Technologies from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. TD Cowen started coverage on Napco Security Technologies in a research note on Tuesday, May 28th. They set a “buy” rating and a $60.00 price objective for the company. Finally, B. Riley raised their price objective on Napco Security Technologies from $36.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $54.14.

Napco Security Technologies Stock Performance

The firm has a market capitalization of $1.99 billion, a P/E ratio of 42.91 and a beta of 1.62. The stock has a fifty day moving average price of $48.44 and a two-hundred day moving average price of $42.21.

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

Napco Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors 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 0.74%. Napco Security Technologies’s payout ratio is currently 31.75%.

Insider Buying and Selling

In other news, CEO Richard Soloway sold 250,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total value of $11,050,000.00. Following the completion of the sale, the chief executive officer now owns 1,406,010 shares in the company, valued at $62,145,642. The sale was disclosed in a legal filing with the SEC, which is available at this link. 11.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On Napco Security Technologies

Several hedge funds have recently modified their holdings of NSSC. Wellington Management Group LLP lifted its holdings in shares of Napco Security Technologies by 168.9% during the fourth quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock valued at $23,672,000 after purchasing an additional 434,164 shares during the last quarter. abrdn plc lifted its holdings in shares of Napco Security Technologies by 49.3% during the fourth quarter. abrdn plc now owns 883,726 shares of the industrial products company’s stock valued at $30,268,000 after purchasing an additional 291,920 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Napco Security Technologies by 323.4% during the third quarter. Envestnet Asset Management Inc. now owns 276,905 shares of the industrial products company’s stock valued at $6,161,000 after purchasing an additional 211,506 shares during the last quarter. Annex Advisory Services LLC lifted its holdings in shares of Napco Security Technologies by 588.0% during the first quarter. Annex Advisory Services LLC now owns 234,594 shares of the industrial products company’s stock valued at $9,421,000 after purchasing an additional 200,494 shares during the last quarter. Finally, Doma Perpetual Capital Management LLC purchased a new stake in shares of Napco Security Technologies during the fourth quarter valued at $6,833,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

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.