NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Receives $47.83 Consensus PT from Brokerages

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $47.8333.

NSSC has been the topic of several recent research reports. DA Davidson reissued a “buy” rating and set a $50.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday, February 3rd. Needham & Company LLC reiterated a “buy” rating and set a $49.00 price target (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Zacks Research lowered shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a report on Wednesday, January 28th. Finally, TD Cowen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th.

Insider Activity

In related news, CEO Richard Soloway sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $42.74, for a total transaction of $6,411,000.00. Following the completion of the transaction, the chief executive officer owned 1,256,010 shares in the company, valued at $53,681,867.40. This trade represents a 10.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.65% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Vest Financial LLC acquired a new stake in shares of NAPCO Security Technologies during the 3rd quarter worth about $1,612,000. Bessemer Group Inc. grew its stake in NAPCO Security Technologies by 13.6% during the second quarter. Bessemer Group Inc. now owns 14,772 shares of the industrial products company’s stock worth $439,000 after buying an additional 1,763 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its holdings 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 buying an additional 6,678 shares in the last quarter. XTX Topco Ltd raised its stake in shares of NAPCO Security Technologies by 170.7% in the second quarter. XTX Topco Ltd now owns 52,897 shares of the industrial products company’s stock valued at $1,571,000 after acquiring an additional 33,358 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of NAPCO Security Technologies by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,031,547 shares of the industrial products company’s stock worth $30,630,000 after acquiring an additional 14,501 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

NAPCO Security Technologies Stock Performance

NASDAQ:NSSC opened at $45.97 on Friday. The firm’s 50-day moving average is $41.76 and its 200-day moving average is $40.87. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 34.56 and a beta of 1.51. NAPCO Security Technologies has a 52-week low of $19.00 and a 52-week high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, February 2nd. The industrial products company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.The business had revenue of $48.17 million for the quarter, compared to the consensus estimate of $47.82 million. During the same period last year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities analysts predict that NAPCO Security Technologies will post 1.24 EPS 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. Stockholders of record on Thursday, March 12th will be paid a $0.15 dividend. The ex-dividend date is Thursday, March 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. NAPCO Security Technologies’s dividend payout ratio is currently 42.11%.

About NAPCO Security Technologies

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.