Napco Security Technologies, Inc. (NASDAQ:NSSC) Increases Dividend to $0.10 Per Share

Napco Security Technologies, Inc. (NASDAQ:NSSCGet Free Report) announced a quarterly dividend on Monday, February 5th, RTT News reports. Shareholders of record on Friday, March 1st will be paid a dividend of 0.10 per share by the industrial products company on Friday, March 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.12%. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.08.

Napco Security Technologies Price Performance

NASDAQ NSSC opened at $35.81 on Monday. Napco Security Technologies has a 1 year low of $17.76 and a 1 year high of $41.25. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 33.16 and a beta of 1.55. The company has a fifty day moving average price of $33.41 and a 200-day moving average price of $28.86.

Napco Security Technologies (NASDAQ:NSSCGet Free Report) last posted its earnings results on Monday, February 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. Napco Security Technologies had a net margin of 23.42% and a return on equity of 29.80%. The firm had revenue of $47.50 million during the quarter, compared to analyst estimates of $43.92 million. During the same quarter in the prior year, the business posted $0.23 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. On average, research analysts anticipate that Napco Security Technologies will post 1.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NSSC. BlackRock Inc. increased its position in shares of Napco Security Technologies by 99.7% in the first quarter. BlackRock Inc. now owns 1,854,790 shares of the industrial products company’s stock worth $38,059,000 after purchasing an additional 925,876 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Napco Security Technologies by 104.9% in the first quarter. Vanguard Group Inc. now owns 1,635,449 shares of the industrial products company’s stock worth $33,559,000 after purchasing an additional 837,472 shares during the last quarter. Wasatch Advisors Inc. increased its position in shares of Napco Security Technologies by 80.4% in the first quarter. Wasatch Advisors Inc. now owns 1,619,409 shares of the industrial products company’s stock worth $33,230,000 after purchasing an additional 721,575 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Napco Security Technologies by 100.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,273,636 shares of the industrial products company’s stock worth $26,136,000 after purchasing an additional 638,478 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Napco Security Technologies by 206.7% in the fourth quarter. Millennium Management LLC now owns 766,498 shares of the industrial products company’s stock worth $21,063,000 after purchasing an additional 516,575 shares during the last quarter. 87.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on NSSC shares. B. Riley dropped their price objective on shares of Napco Security Technologies from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, October 26th. Needham & Company LLC upped their price objective on shares of Napco Security Technologies from $34.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $28.25.

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About Napco Security Technologies

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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.

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