Brokerages Set Napco Security Technologies, Inc. (NASDAQ:NSSC) Target Price at $55.29

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) have been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $55.29.

A number of equities analysts have issued reports on the company. Needham & Company LLC increased their target price on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Lake Street Capital restated a “buy” rating and issued a $60.00 target price on shares of Napco Security Technologies in a research note on Tuesday, September 17th. DA Davidson raised 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. Finally, TD Cowen started coverage on shares of Napco Security Technologies in a research report on Tuesday, May 28th. They issued a “buy” rating and a $60.00 price objective on the stock.

Napco Security Technologies Price Performance

NASDAQ:NSSC opened at $39.58 on Friday. The business’s 50-day simple moving average is $49.03 and its 200-day simple moving average is $46.81. Napco Security Technologies has a fifty-two week low of $17.76 and a fifty-two week high of $58.09. The stock has a market capitalization of $1.46 billion, a PE ratio of 31.41 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $50.33 million for the quarter, compared to analyst estimates of $50.18 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. On average, research analysts expect that Napco Security Technologies will post 1.85 earnings per share for the current year.

Napco Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, September 12th. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.10. Napco Security Technologies’s dividend payout ratio (DPR) is 39.68%.

Insider Transactions at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the sale, the director now directly owns 2,681 shares in the company, valued at approximately $99,518.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On Napco Security Technologies

Large investors have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. bought a new position in Napco Security Technologies during the second quarter worth $31,504,000. Wellington Management Group LLP lifted its stake in shares of Napco Security Technologies by 168.9% during the 4th quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock worth $23,672,000 after buying an additional 434,164 shares during the last quarter. F M Investments LLC acquired a new stake in shares of Napco Security Technologies during the 2nd quarter worth about $15,109,000. Emerald Advisers LLC boosted its holdings in shares of Napco Security Technologies by 118.3% during the 2nd quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company’s stock worth $25,382,000 after buying an additional 264,789 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its stake in Napco Security Technologies by 170.8% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 399,936 shares of the industrial products company’s stock valued at $20,777,000 after buying an additional 252,252 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.