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

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $55.29.

A number of equities analysts recently issued reports on NSSC shares. DA Davidson increased their price target on shares of Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Lake Street Capital reissued a “buy” rating and issued a $60.00 target price on shares of Napco Security Technologies in a research report on Tuesday, September 17th. Finally, Needham & Company LLC lifted their price target on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th.

Insider Activity at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the sale, the director now directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 11.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in shares of Napco Security Technologies by 810.3% during the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 470 shares in the last quarter. Quarry LP increased its holdings in shares of Napco Security Technologies by 91.2% in the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 312 shares in the last quarter. Hollencrest Capital Management purchased a new position in shares of Napco Security Technologies in the first quarter worth $27,000. Whittier Trust Co. bought a new position in shares of Napco Security Technologies during the first quarter valued at $28,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Napco Security Technologies during the first quarter valued at $46,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

Napco Security Technologies Stock Up 1.2 %

Shares of Napco Security Technologies stock opened at $42.17 on Thursday. The business has a 50 day moving average of $44.12 and a 200 day moving average of $46.87. Napco Security Technologies has a 52 week low of $17.76 and a 52 week high of $58.09. The company has a market cap of $1.55 billion, a PE ratio of 33.74 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. The business had revenue of $50.33 million during the quarter, compared to analyst estimates of $50.18 million. During the same period in the prior year, the business earned $0.28 EPS. On average, research analysts anticipate that Napco Security Technologies will post 1.85 earnings per share for the current year.

Napco Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given a $0.125 dividend. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, September 12th. Napco Security Technologies’s payout ratio is currently 39.68%.

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.