Analysts Set Napco Security Technologies, Inc. (NASDAQ:NSSC) Price Target at $47.14

Napco Security Technologies, Inc. (NASDAQ:NSSC) has earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com 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 price objective among brokerages that have issued a report on the stock in the last year is $47.14.

A number of brokerages recently weighed in on NSSC. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday. Craig Hallum lowered their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Lake Street Capital lowered their price objective 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. Needham & Company LLC increased their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Finally, DA Davidson decreased their price target on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th.

Napco Security Technologies Stock Down 2.1 %

Shares of NSSC stock opened at $39.96 on Friday. The company has a 50 day moving average price of $38.93 and a 200-day moving average price of $45.98. Napco Security Technologies has a 52 week low of $31.14 and a 52 week high of $58.09. The firm has a market capitalization of $1.47 billion, a PE ratio of 29.38 and a beta of 1.62.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The company had revenue of $44.00 million for the quarter, compared to the consensus estimate of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS. Analysts anticipate that Napco Security Technologies will post 1.49 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be paid a $0.125 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.25%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

Insider Transactions 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 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 of the company’s stock, valued at $99,518.72. This represents a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.24% of the company’s stock.

Institutional Trading of Napco Security Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. AE Wealth Management LLC increased its stake in shares of Napco Security Technologies by 3.8% in the second quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 189 shares in the last quarter. Epic Trust Investment Advisors LLC grew its stake in Napco Security Technologies by 3.0% during the second quarter. Epic Trust Investment Advisors LLC now owns 9,678 shares of the industrial products company’s stock valued at $503,000 after acquiring an additional 279 shares in the last quarter. Quarry LP grew its stake in Napco Security Technologies by 91.2% during the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 312 shares in the last quarter. CWM LLC grew its stake in Napco Security Technologies by 14.8% during the second quarter. CWM LLC now owns 2,761 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 356 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Napco Security Technologies by 18.9% during the third quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 400 shares in the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

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.