Analysts Set Napco Security Technologies, Inc. (NASDAQ:NSSC) Price Target at $33.60

Napco Security Technologies, Inc. (NASDAQ:NSSC) has received an average recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $33.60.

A number of research analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Napco Security Technologies in a report on Friday, April 12th. StockNews.com lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Imperial Capital lowered Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 target price on the stock. in a report on Tuesday, February 6th.

Napco Security Technologies Price Performance

Shares of NASDAQ NSSC opened at $44.00 on Thursday. The stock’s fifty day moving average price is $41.31 and its two-hundred day moving average price is $34.15. Napco Security Technologies has a one year low of $17.76 and a one year high of $46.26. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 36.98 and a beta of 1.55.

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

Napco Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were paid a $0.10 dividend. The ex-dividend date was Thursday, February 29th. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.91%. Napco Security Technologies’s dividend payout ratio (DPR) is 33.61%.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies news, CEO Richard Soloway sold 50,000 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $40.75, for a total value of $2,037,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,010 shares in the company, valued at $67,482,407.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Richard Soloway sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,010 shares in the company, valued at $67,482,407.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin S. Buchel sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $44.80, for a total value of $448,000.00. Following the transaction, the chief financial officer now owns 112,739 shares of the company’s stock, valued at $5,050,707.20. The disclosure for this sale can be found here. Insiders have sold 93,200 shares of company stock valued at $3,987,644 over the last ninety days. 11.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Napco Security Technologies

A number of hedge funds have recently added to or reduced their stakes in the business. Norden Group LLC bought a new stake in Napco Security Technologies in the first quarter worth approximately $565,000. Tributary Capital Management LLC grew its stake in Napco Security Technologies by 99.1% in the first quarter. Tributary Capital Management LLC now owns 12,858 shares of the industrial products company’s stock valued at $516,000 after acquiring an additional 6,400 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in Napco Security Technologies by 6.3% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 32,625 shares of the industrial products company’s stock valued at $1,310,000 after acquiring an additional 1,931 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in Napco Security Technologies in the first quarter valued at approximately $270,000. Finally, Annex Advisory Services LLC grew its stake in Napco Security Technologies by 588.0% in 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 acquiring an additional 200,494 shares during the period. 85.07% of the stock is currently 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.