Brokerages Set NAPCO Security Technologies, Inc. (NASDAQ:NSSC) PT at $41.83

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $41.8333.

NSSC has been the topic of a number of research analyst reports. Craig Hallum upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, August 26th. Wall Street Zen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Needham & Company LLC lifted their target price on NAPCO Security Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Zacks Research raised NAPCO Security Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 28th. Finally, Lake Street Capital reissued a “buy” rating and issued a $50.00 price objective (up from $39.00) on shares of NAPCO Security Technologies in a research report on Friday, October 10th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in NAPCO Security Technologies in the third quarter valued at about $67,000. SG Americas Securities LLC raised its position in NAPCO Security Technologies by 882.6% in the third quarter. SG Americas Securities LLC now owns 43,036 shares of the industrial products company’s stock valued at $1,848,000 after purchasing an additional 38,656 shares during the period. SkyOak Wealth LLC purchased a new position in NAPCO Security Technologies in the third quarter valued at about $403,000. KLP Kapitalforvaltning AS raised its position in NAPCO Security Technologies by 38.8% in the third quarter. KLP Kapitalforvaltning AS now owns 9,300 shares of the industrial products company’s stock valued at $401,000 after purchasing an additional 2,600 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of NAPCO Security Technologies by 25.5% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 8,848 shares of the industrial products company’s stock worth $380,000 after acquiring an additional 1,800 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

NAPCO Security Technologies Trading Up 0.4%

Shares of NAPCO Security Technologies stock opened at $44.09 on Monday. NAPCO Security Technologies has a twelve month low of $19.00 and a twelve month high of $45.14. The stock has a market capitalization of $1.57 billion, a P/E ratio of 37.05 and a beta of 1.52. The business’s fifty day moving average price is $40.62 and its 200 day moving average price is $32.25.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The firm had revenue of $50.72 million for the quarter, compared to analysts’ expectations of $44.26 million. During the same quarter last year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, sell-side analysts predict that NAPCO Security Technologies will post 1.24 EPS for the current year.

NAPCO Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.56 annualized dividend and a yield of 1.3%. NAPCO Security Technologies’s dividend payout ratio (DPR) is 47.06%.

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.