Napco Security Technologies, Inc. (NASDAQ:NSSC) Receives $38.17 Consensus Target Price from Brokerages

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $38.17.

NSSC has been the topic of several analyst reports. DA Davidson dropped their target price on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Lake Street Capital dropped their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Craig Hallum downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a research note on Tuesday, February 4th. Finally, TD Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $46.00 to $27.00 in a research note on Tuesday, February 4th.

Institutional Trading of Napco Security Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NSSC. Corient Private Wealth LLC increased its holdings in Napco Security Technologies by 102.4% during the fourth quarter. Corient Private Wealth LLC now owns 18,104 shares of the industrial products company’s stock valued at $644,000 after buying an additional 768,629 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in Napco Security Technologies by 1,221.7% during the fourth quarter. Point72 Asset Management L.P. now owns 638,173 shares of the industrial products company’s stock valued at $22,693,000 after buying an additional 589,888 shares during the last quarter. Copeland Capital Management LLC increased its holdings in Napco Security Technologies by 108.6% during the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock valued at $42,003,000 after buying an additional 540,436 shares during the last quarter. FMR LLC increased its holdings in Napco Security Technologies by 30.8% during the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock valued at $85,075,000 after buying an additional 494,988 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Napco Security Technologies during the fourth quarter valued at approximately $10,427,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

Napco Security Technologies Price Performance

NASDAQ:NSSC opened at $25.30 on Wednesday. Napco Security Technologies has a one year low of $24.90 and a one year high of $58.09. The company’s 50-day simple moving average is $33.70 and its 200 day simple moving average is $39.14. The firm has a market capitalization of $928.11 million, a P/E ratio of 19.46 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). The business had revenue of $42.90 million for the quarter, compared to the consensus estimate of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company’s revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. On average, equities research analysts expect that Napco Security Technologies will post 1.55 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.98%. Napco Security Technologies’s payout ratio is 38.46%.

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.