NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Receives $32.20 Consensus Target Price from Analysts

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have been assigned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $32.20.

Several equities analysts recently issued reports on NSSC shares. Needham & Company LLC reduced their price target on NAPCO Security Technologies from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Lake Street Capital set a $26.00 price objective on NAPCO Security Technologies in a research report on Monday, May 5th.

NAPCO Security Technologies Price Performance

NSSC opened at $27.35 on Tuesday. The stock’s 50 day simple moving average is $26.15 and its 200 day simple moving average is $28.32. NAPCO Security Technologies has a 1 year low of $19.00 and a 1 year high of $58.09. The firm has a market cap of $975.30 million, a price-to-earnings ratio of 22.42 and a beta of 1.44.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%. The business had revenue of $43.96 million for the quarter, compared to analyst estimates of $45.11 million. During the same period last year, the company earned $0.37 EPS. NAPCO Security Technologies’s revenue for the quarter was down 10.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that NAPCO Security Technologies will post 1.24 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th will be given a $0.14 dividend. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, June 12th. NAPCO Security Technologies’s dividend payout ratio (DPR) is currently 45.90%.

Institutional Investors Weigh In On NAPCO Security Technologies

A number of large investors have recently made changes to their positions in the business. Rhumbline Advisers grew its position in shares of NAPCO Security Technologies by 1.8% in the 1st quarter. Rhumbline Advisers now owns 50,446 shares of the industrial products company’s stock worth $1,161,000 after buying an additional 879 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of NAPCO Security Technologies in the 1st quarter valued at approximately $91,000. Jane Street Group LLC lifted its stake in shares of NAPCO Security Technologies by 351.7% in the 1st quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock valued at $2,261,000 after purchasing an additional 76,478 shares during the period. Voleon Capital Management LP lifted its stake in shares of NAPCO Security Technologies by 759.2% in the 1st quarter. Voleon Capital Management LP now owns 95,848 shares of the industrial products company’s stock valued at $2,206,000 after purchasing an additional 84,692 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of NAPCO Security Technologies by 75.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after purchasing an additional 254,007 shares during the period. 85.07% of the stock is currently owned by institutional investors.

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.