NAPCO Security Technologies’ (NSSC) “Buy” Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of NAPCO Security Technologies (NASDAQ:NSSCFree Report) in a report published on Tuesday morning,Benzinga reports. DA Davidson currently has a $50.00 price target on the industrial products company’s stock.

A number of other equities research analysts also recently weighed in on NSSC. Lake Street Capital reissued a “buy” rating and set a $50.00 target price (up from $39.00) on shares of NAPCO Security Technologies in a research report on Friday, October 10th. Needham & Company LLC restated a “buy” rating and set a $49.00 price objective (up from $47.00) on shares of NAPCO Security Technologies in a research report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Wednesday, January 28th. Mizuho set a $48.00 target price on shares of NAPCO Security Technologies and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, TD Cowen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 4th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.83.

Read Our Latest Stock Report on NAPCO Security Technologies

NAPCO Security Technologies Price Performance

Shares of NSSC opened at $43.47 on Tuesday. NAPCO Security Technologies has a one year low of $19.00 and a one year high of $48.12. The company’s fifty day moving average price is $41.01 and its 200 day moving average price is $39.49. The company has a market capitalization of $1.55 billion, a PE ratio of 32.68 and a beta of 1.51.

NAPCO Security Technologies (NASDAQ:NSSCGet Free Report) last announced its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The business had revenue of $48.17 million for the quarter, compared to the consensus estimate of $47.82 million. During the same quarter last year, the company posted $0.28 earnings per share. NAPCO Security Technologies’s quarterly revenue was up 12.4% on a year-over-year basis. Analysts anticipate that NAPCO Security Technologies will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, March 12th will be issued a $0.15 dividend. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, March 12th. NAPCO Security Technologies’s dividend payout ratio is currently 42.11%.

Insider Transactions at NAPCO Security Technologies

In other news, SVP Stephen M. Spinelli sold 19,000 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $40.25, for a total transaction of $764,750.00. Following the completion of the transaction, the senior vice president directly owned 928 shares in the company, valued at approximately $37,352. The trade was a 95.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.65% of the company’s stock.

Institutional Investors Weigh In On NAPCO Security Technologies

Several hedge funds have recently bought and sold shares of NSSC. Vest Financial LLC bought a new stake in shares of NAPCO Security Technologies in the 3rd quarter valued at $1,612,000. Bessemer Group Inc. grew its stake in NAPCO Security Technologies by 13.6% in the second quarter. Bessemer Group Inc. now owns 14,772 shares of the industrial products company’s stock valued at $439,000 after acquiring an additional 1,763 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NAPCO Security Technologies in the second quarter worth about $345,000. Emerald Mutual Fund Advisers Trust raised its position in shares of NAPCO Security Technologies by 3.0% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 227,852 shares of the industrial products company’s stock worth $6,765,000 after purchasing an additional 6,678 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of NAPCO Security Technologies by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,031,547 shares of the industrial products company’s stock valued at $30,630,000 after purchasing an additional 14,501 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

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About NAPCO Security Technologies

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NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.

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