NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $47.50.

NSSC has been the subject of several analyst reports. Cowen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. Mizuho set a $48.00 price target on NAPCO Security Technologies and gave the company an “outperform” rating in a report on Friday, October 17th. DA Davidson set a $50.00 price objective on shares of NAPCO Security Technologies and gave the company a “buy” rating in a research note on Wednesday, September 24th. Lake Street Capital reissued a “buy” rating and issued a $50.00 target price (up from $39.00) on shares of NAPCO Security Technologies in a research report on Friday, October 10th. Finally, Needham & Company LLC restated a “buy” rating and issued a $47.00 target price on shares of NAPCO Security Technologies in a report on Thursday, November 20th.

Insider Activity at NAPCO Security Technologies

In other news, SVP Stephen M. Spinelli sold 19,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $40.25, for a total transaction of $764,750.00. Following the completion of the sale, the senior vice president directly owned 928 shares in the company, valued at $37,352. This represents a 95.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NAPCO Security Technologies

Institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in shares of NAPCO Security Technologies by 193.3% in the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 377 shares during the period. Danske Bank A S purchased a new position in NAPCO Security Technologies in the third quarter valued at approximately $5,633,000. Advisory Services Network LLC acquired a new position in NAPCO Security Technologies during the third quarter valued at approximately $41,000. Jacobs Levy Equity Management Inc. grew its stake in NAPCO Security Technologies by 1.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 438,327 shares of the industrial products company’s stock worth $18,826,000 after buying an additional 8,004 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its stake in NAPCO Security Technologies by 20.9% during the third quarter. CANADA LIFE ASSURANCE Co now owns 16,842 shares of the industrial products company’s stock worth $715,000 after buying an additional 2,917 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Price Performance

NASDAQ:NSSC opened at $41.10 on Friday. The firm has a market cap of $1.47 billion, a PE ratio of 33.41 and a beta of 1.52. The firm has a 50 day simple moving average of $41.46 and a 200-day simple moving average of $38.08. NAPCO Security Technologies has a 1-year low of $19.00 and a 1-year high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, November 3rd. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. NAPCO Security Technologies had a net margin of 23.76% and a return on equity of 26.09%. The firm had revenue of $49.17 million during the quarter, compared to analysts’ expectations of $46.81 million. During the same period in the previous year, the company earned $0.29 EPS. NAPCO Security Technologies’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, sell-side analysts expect that NAPCO Security Technologies will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, December 12th. NAPCO Security Technologies’s dividend payout ratio (DPR) is 45.53%.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.