Napco Security Technologies (NASDAQ:NSSC) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Napco Security Technologies (NASDAQ:NSSC) in a research report released on Thursday,Benzinga reports. Needham & Company LLC currently has a $52.00 target price on the industrial products company’s stock.

Several other equities research analysts have also commented on NSSC. TD Cowen decreased their target price on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Lake Street Capital decreased their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Craig Hallum cut their price target on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, DA Davidson cut their price target on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $46.43.

Napco Security Technologies Price Performance

NASDAQ:NSSC opened at $34.83 on Thursday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 25.61 and a beta of 1.65. Napco Security Technologies has a 1-year low of $31.77 and a 1-year high of $58.09. The firm’s fifty day moving average price is $37.02 and its 200 day moving average price is $42.95.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). The company had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $46.56 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. Napco Security Technologies’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. As a group, analysts expect that Napco Security Technologies will post 1.55 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 12th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, December 12th. Napco Security Technologies’s payout ratio is 36.76%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its stake in Napco Security Technologies by 30.8% in the 3rd quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock valued at $85,075,000 after purchasing an additional 494,988 shares during the last quarter. Copeland Capital Management LLC raised its stake in Napco Security Technologies by 108.6% in the 3rd quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock valued at $42,003,000 after purchasing an additional 540,436 shares during the last quarter. Geode Capital Management LLC raised its stake in Napco Security Technologies by 14.3% in the 3rd quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company’s stock valued at $38,809,000 after purchasing an additional 120,304 shares during the last quarter. State Street Corp raised its stake in Napco Security Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock valued at $31,790,000 after purchasing an additional 16,931 shares during the last quarter. Finally, Emerald Advisers LLC raised its stake in Napco Security Technologies by 4.0% in the 3rd quarter. Emerald Advisers LLC now owns 508,257 shares of the industrial products company’s stock valued at $20,564,000 after purchasing an additional 19,674 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Napco Security Technologies Company Profile

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.