Brokerages Set NAPCO Security Technologies, Inc. (NASDAQ:NSSC) PT at $47.83

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

Several equities research analysts have recently issued reports on the company. 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 report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Wednesday, January 28th. Finally, DA Davidson reaffirmed a “buy” rating and set a $50.00 target price on shares of NAPCO Security Technologies in a research report on Tuesday, February 3rd.

Insider Transactions at NAPCO Security Technologies

In other NAPCO Security Technologies news, CEO Richard Soloway sold 129,682 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the completion of the sale, the chief executive officer owned 1,152,276 shares of the company’s stock, valued at $51,840,897.24. This represents a 10.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.65% of the stock is owned by insiders.

Institutional Investors Weigh In On NAPCO Security Technologies

A number of large investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new stake in NAPCO Security Technologies during the fourth quarter worth approximately $981,000. Invesco Ltd. boosted its position in NAPCO Security Technologies by 16.1% during the fourth quarter. Invesco Ltd. now owns 49,109 shares of the industrial products company’s stock worth $2,048,000 after purchasing an additional 6,798 shares during the period. Jacobs Equity LLC bought a new stake in NAPCO Security Technologies during the fourth quarter worth approximately $311,000. State of Tennessee Department of Treasury bought a new stake in NAPCO Security Technologies during the fourth quarter worth approximately $318,000. Finally, Tudor Investment Corp ET AL boosted its position in NAPCO Security Technologies by 124.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 200,489 shares of the industrial products company’s stock worth $8,360,000 after purchasing an additional 111,277 shares during the period. Institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Price Performance

Shares of NAPCO Security Technologies stock opened at $44.21 on Monday. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 33.24 and a beta of 1.48. NAPCO Security Technologies has a 52-week low of $21.14 and a 52-week high of $48.12. The stock has a 50-day simple moving average of $42.81 and a 200-day simple moving average of $42.00.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, February 2nd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05. The business had revenue of $48.17 million during the quarter, compared to analyst estimates of $47.82 million. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.The firm’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. As a group, equities research analysts predict that NAPCO Security Technologies will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Thursday, March 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 12th. This is an increase 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%. NAPCO Security Technologies’s dividend payout ratio (DPR) is currently 45.11%.

NAPCO Security Technologies Company Profile

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.