NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Given Average Rating of “Moderate Buy” by Brokerages

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) has been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $47.8333.

Several equities research analysts have recently commented on NSSC shares. Needham & Company LLC reiterated a “buy” rating and issued a $49.00 target price (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Wednesday, January 28th. Finally, DA Davidson reissued a “buy” rating and issued a $50.00 price objective on shares of NAPCO Security Technologies in a research note on Tuesday, February 3rd.

NAPCO Security Technologies Price Performance

Shares of NAPCO Security Technologies stock opened at $41.50 on Thursday. NAPCO Security Technologies has a 52-week low of $19.00 and a 52-week high of $48.12. The firm has a market capitalization of $1.48 billion, a PE ratio of 31.20 and a beta of 1.45. The company’s fifty day moving average price is $42.32 and its two-hundred day moving average price is $42.12.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, February 2nd. The industrial products company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The business had revenue of $48.17 million for the quarter, compared to analysts’ expectations of $47.82 million. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Analysts predict that NAPCO Security Technologies will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 12th will be paid a $0.15 dividend. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, March 12th. NAPCO Security Technologies’s payout ratio is presently 45.11%.

Insider Activity at NAPCO Security Technologies

In other news, CEO Richard Soloway sold 129,682 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the transaction, the chief executive officer owned 1,152,276 shares of the company’s stock, valued at $51,840,897.24. This represents a 10.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.65% of the company’s stock.

Institutional Investors Weigh In On NAPCO Security Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Planning Group LLC bought a new position in shares of NAPCO Security Technologies in the 3rd quarter worth $25,000. Maseco LLP acquired a new stake in shares of NAPCO Security Technologies during the fourth quarter worth $25,000. IFP Advisors Inc increased its holdings in NAPCO Security Technologies by 193.3% in the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 377 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in NAPCO Security Technologies in the third quarter valued at about $26,000. Finally, State of Wyoming acquired a new position in NAPCO Security Technologies in the third quarter valued at about $41,000. 85.07% of the stock is owned by institutional investors.

NAPCO Security Technologies Company Profile

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.