Napco Security Technologies, Inc. (NASDAQ:NSSC) Given Average Recommendation of “Moderate Buy” by Analysts

Napco Security Technologies, Inc. (NASDAQ:NSSC) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $55.29.

A number of analysts have weighed in on the stock. Lake Street Capital restated a “buy” rating and set a $60.00 price objective on shares of Napco Security Technologies in a research note on Tuesday, September 17th. 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, August 27th. Finally, 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 note on Tuesday, August 27th.

Insider Activity

In other news, Director Paul Stephen Beeber sold 708 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the sale, the director now owns 2,681 shares of the company’s stock, valued at $99,518.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 11.54% of the company’s stock.

Hedge Funds Weigh In On Napco Security Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Napco Security Technologies by 4.2% in the first quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock worth $102,654,000 after buying an additional 102,010 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Napco Security Technologies by 168.9% in the fourth quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock worth $23,672,000 after buying an additional 434,164 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Napco Security Technologies in the second quarter worth approximately $31,504,000. Emerald Advisers LLC lifted its holdings in Napco Security Technologies by 118.3% during the second quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company’s stock valued at $25,382,000 after purchasing an additional 264,789 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in Napco Security Technologies by 170.8% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 399,936 shares of the industrial products company’s stock valued at $20,777,000 after purchasing an additional 252,252 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Price Performance

Shares of Napco Security Technologies stock opened at $40.42 on Thursday. The company has a 50-day moving average of $44.32 and a 200 day moving average of $46.86. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 32.08 and a beta of 1.64. Napco Security Technologies has a 1 year low of $17.76 and a 1 year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The company 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 26.38% and a return on equity of 30.51%. During the same period last year, the business earned $0.28 EPS. On average, equities analysts anticipate that Napco Security Technologies will post 1.85 EPS for the current year.

Napco Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were issued 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 was 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 (DPR) is presently 39.68%.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.