NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Stock Has Average Target Price of $51.33 According to Brokerages

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $51.33.

Several research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 price target on shares of NAPCO Security Technologies in a report on Friday, August 21st. Benchmark reissued a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. DA Davidson set a $52.00 price target on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. Finally, Weiss Ratings raised shares of NAPCO Security Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th.

Insider Activity at NAPCO Security Technologies

In other NAPCO Security Technologies news, Director Donna Soloway sold 28,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $35.98, for a total transaction of $1,007,440.00. Following the completion of the transaction, the director directly owned 20,962 shares in the company, valued at $754,212.76. This represents a 57.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Richard Soloway sold 379,529 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total value 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 523,962 shares of company stock worth $18,257,168. 2.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in NAPCO Security Technologies in the second quarter valued at approximately $213,928,000. Copeland Capital Management LLC grew its holdings in NAPCO Security Technologies by 3.2% in the 3rd quarter. Copeland Capital Management LLC now owns 2,081,286 shares of the industrial products company’s stock valued at $74,135,000 after buying an additional 64,413 shares during the period. Jupiter Topco LLC acquired a new stake in NAPCO Security Technologies during the 2nd quarter valued at $63,855,000. Wellington Management Group LLP lifted its position in shares of NAPCO Security Technologies by 18.6% in the 2nd quarter. Wellington Management Group LLP now owns 1,102,280 shares of the industrial products company’s stock worth $41,865,000 after buying an additional 172,681 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of NAPCO Security Technologies by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 702,852 shares of the industrial products company’s stock valued at $27,683,000 after acquiring an additional 31,609 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Stock Performance

Shares of NSSC opened at $39.35 on Friday. NAPCO Security Technologies has a 12 month low of $33.91 and a 12 month high of $51.77. The firm has a market cap of $1.41 billion, a P/E ratio of 32.52 and a beta of 1.49. The stock’s 50 day moving average is $36.51 and its two-hundred day moving average is $39.11.

NAPCO Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, August 24th. The industrial products company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%. The firm had revenue of $55.81 million during the quarter, compared to analysts’ expectations of $52.51 million. During the same period in the previous year, the firm posted $0.33 EPS. NAPCO Security Technologies’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts forecast that NAPCO Security Technologies will post 1.68 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were given a dividend of $0.17 per share. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, September 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. NAPCO Security Technologies’s payout ratio is 56.20%.

About NAPCO Security Technologies

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

The company markets products under brands that include NAPCO, StarLink, Alarm Lock, Continental Instruments and Firewolf. Its solutions are designed to support security dealers, alarm monitoring providers, systems integrators and other professional-channel customers, including applications in schools, healthcare facilities, businesses and government buildings.

Founded in 1969, NAPCO is headquartered in Amityville, New York.