Needham & Company LLC Reiterates Buy Rating for Napco Security Technologies (NASDAQ:NSSC)

Needham & Company LLC restated their buy rating on shares of Napco Security Technologies (NASDAQ:NSSC) in a report released on Friday morning, Benzinga reports. Needham & Company LLC currently has a $46.00 price target on the industrial products company’s stock.

Several other analysts have also recently commented on the stock. Imperial Capital cut shares of Napco Security Technologies from an outperform rating to an in-line rating and set a $45.00 price target on the stock. in a research note on Tuesday, February 6th. StockNews.com cut shares of Napco Security Technologies from a buy rating to a hold rating in a research note on Tuesday, February 13th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Napco Security Technologies presently has an average rating of Hold and a consensus target price of $33.60.

Napco Security Technologies Trading Up 0.5 %

NASDAQ NSSC opened at $38.96 on Friday. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 32.74 and a beta of 1.55. The company has a 50 day moving average of $41.81 and a 200-day moving average of $33.38. Napco Security Technologies has a 1-year low of $17.76 and a 1-year high of $46.26.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $47.50 million during the quarter, compared to analyst estimates of $43.92 million. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $0.23 earnings per share. On average, analysts forecast that Napco Security Technologies will post 1.3 earnings per share for the current year.

Napco Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were paid a $0.10 dividend. The ex-dividend date was Thursday, February 29th. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 1.03%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 33.61%.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, CEO Richard Soloway sold 28,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $45.12, for a total value of $1,263,360.00. Following the transaction, the chief executive officer now directly owns 3,706,010 shares of the company’s stock, valued at $167,215,171.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Napco Security Technologies news, CFO Kevin S. Buchel sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $44.80, for a total value of $448,000.00. Following the transaction, the chief financial officer now directly owns 112,739 shares of the company’s stock, valued at $5,050,707.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Richard Soloway sold 28,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $45.12, for a total transaction of $1,263,360.00. Following the completion of the transaction, the chief executive officer now directly owns 3,706,010 shares in the company, valued at $167,215,171.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,200 shares of company stock valued at $3,987,644. 11.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Napco Security Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of Napco Security Technologies by 332.9% during the fourth 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 in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Napco Security Technologies by 137.5% during the first quarter. Tower Research Capital LLC TRC now owns 862 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 499 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Napco Security Technologies during the fourth quarter worth $31,000. Copeland Capital Management LLC bought a new position in shares of Napco Security Technologies during the third quarter worth $28,000. Finally, Arcadia Investment Management Corp MI boosted its position in shares of Napco Security Technologies by 48.6% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 459 shares in the last quarter. 85.07% of the stock is owned by 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.