NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $50.50.

Several equities research analysts recently issued reports on NSSC shares. Weiss Ratings upgraded NAPCO Security Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Benchmark reissued a “buy” rating on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. DA Davidson set a $52.00 target price on NAPCO Security Technologies in a report on Tuesday, August 25th. Wall Street Zen downgraded NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 price target on shares of NAPCO Security Technologies in a research note on Friday, August 21st.

NAPCO Security Technologies Price Performance

Shares of NASDAQ NSSC opened at $36.14 on Monday. The company’s 50-day simple moving average is $36.92 and its 200-day simple moving average is $38.17. NAPCO Security Technologies has a 52-week low of $33.91 and a 52-week high of $51.77. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 29.87 and a beta of 1.51.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. The firm had revenue of $55.81 million during the quarter, compared to the consensus estimate of $52.51 million. NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. Equities research analysts anticipate that NAPCO Security Technologies will post 1.66 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.68 annualized dividend and a yield of 1.9%. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.15. NAPCO Security Technologies’s dividend payout ratio is currently 56.20%.

Insiders Place Their Bets

In other NAPCO Security Technologies news, Director Donna Soloway sold 28,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $35.98, for a total value of $1,007,440.00. Following the transaction, the director owned 20,962 shares in the company, valued at approximately $754,212.76. This trade represents a 57.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Richard Soloway sold 379,529 shares of NAPCO Security Technologies stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the sale, the chairman directly owned 621,958 shares in the company, valued at approximately $21,457,551. This trade represents a 37.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 523,962 shares of company stock worth $18,257,168 in the last 90 days. 5.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NAPCO Security Technologies

A number of hedge funds have recently modified their holdings of NSSC. GAMMA Investing LLC grew its stake in NAPCO Security Technologies by 40.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,345 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 386 shares in the last quarter. Congress Asset Management Co. raised its holdings in NAPCO Security Technologies by 6.6% in the 3rd quarter. Congress Asset Management Co. now owns 304,378 shares of the industrial products company’s stock valued at $10,842,000 after acquiring an additional 18,916 shares during the last quarter. WINTON GROUP Ltd raised its holdings in NAPCO Security Technologies by 4.6% in the 2nd quarter. WINTON GROUP Ltd now owns 34,239 shares of the industrial products company’s stock valued at $1,300,000 after acquiring an additional 1,491 shares during the last quarter. Engineers Gate Manager LP lifted its stake in NAPCO Security Technologies by 34.8% in the 2nd quarter. Engineers Gate Manager LP now owns 55,530 shares of the industrial products company’s stock worth $2,109,000 after purchasing an additional 14,348 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in NAPCO Security Technologies in the 2nd quarter worth approximately $46,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc develops, manufactures and sells security products and solutions for commercial, institutional, industrial, residential and government customers. Its offerings include intrusion alarm systems, fire alarm systems, access control systems, electronic locking products and related software and communications technologies.

The company markets products under brands that include NAPCO, Gemini, StarLink, Alarm Lock, Marks and Continental Instruments. Its portfolio also includes wireless and cellular alarm communicators, cloud-based security and access management solutions, video and surveillance-related products, and school security technologies.

Founded in 1969 and headquartered in Amityville, New York, NAPCO serves customers through security dealers, distributors and other channels in the United States and international markets.