Brokerages Set NAPCO Security Technologies, Inc. (NASDAQ:NSSC) PT at $50.40

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSCGet Free Report) have been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $50.40.

A number of equities analysts have issued reports on the stock. DA Davidson set a $52.00 target price on shares of NAPCO Security Technologies in a research report on Tuesday, August 25th. Weiss Ratings reissued a “hold (c)” rating on shares of NAPCO Security Technologies in a research note on Friday, August 7th. Wall Street Zen downgraded NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 target price on shares of NAPCO Security Technologies in a research note on Friday, August 21st. Finally, Benchmark reaffirmed a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th.

Check Out Our Latest Stock Analysis on NAPCO Security Technologies

Insider Buying and Selling at NAPCO Security Technologies

In related news, Chairman Richard Soloway sold 379,529 shares of NAPCO Security Technologies stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the completion of the sale, the chairman owned 621,958 shares in the company, valued at approximately $21,457,551. This trade represents a 37.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donna Soloway sold 20,962 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $34.62, for a total transaction of $725,704.44. Following the completion of the transaction, the director directly owned 20,962 shares of the company’s stock, valued at $725,704.44. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 523,962 shares of company stock worth $18,257,168 over the last 90 days. Company insiders own 5.65% of the company’s stock.

Institutional Investors Weigh In On NAPCO Security Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in NAPCO Security Technologies during the second quarter worth approximately $213,928,000. Vanguard Group Inc. raised its holdings in NAPCO Security Technologies by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 2,882,063 shares of the industrial products company’s stock valued at $120,182,000 after acquiring an additional 31,644 shares during the last quarter. Copeland Capital Management LLC raised its holdings in NAPCO Security Technologies by 41.4% in the 1st quarter. Copeland Capital Management LLC now owns 2,009,089 shares of the industrial products company’s stock valued at $79,138,000 after acquiring an additional 588,297 shares during the last quarter. Jupiter Topco LLC purchased a new position in shares of NAPCO Security Technologies during the 2nd quarter worth $63,855,000. Finally, Wellington Management Group LLP lifted its stake in shares of NAPCO Security Technologies by 18.6% during the 2nd quarter. Wellington Management Group LLP now owns 1,102,280 shares of the industrial products company’s stock worth $41,865,000 after purchasing an additional 172,681 shares during the period. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

NAPCO Security Technologies Stock Up 1.1%

Shares of NSSC stock opened at $36.33 on Thursday. NAPCO Security Technologies has a fifty-two week low of $33.91 and a fifty-two week high of $51.77. The stock has a market cap of $1.30 billion, a P/E ratio of 30.02 and a beta of 1.43. The business has a fifty day simple moving average of $37.04 and a 200-day simple moving average of $39.02.

NAPCO Security Technologies (NASDAQ:NSSCGet Free Report) last released its quarterly earnings data on Monday, August 24th. The industrial products company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11. The business had revenue of $55.81 million for the quarter, compared to analyst estimates of $52.51 million. NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. On average, sell-side analysts anticipate that NAPCO Security Technologies will post 1.66 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, September 11th. NAPCO Security Technologies’s payout ratio is presently 56.20%.

NAPCO Security Technologies Company Profile

(Get Free Report)

NAPCO Security Technologies, Inc is a security products and solutions company that designs, develops, manufactures and sells equipment for residential, commercial, institutional and industrial applications. The company’s offerings address intrusion detection, fire and life safety, access control, locking and school security needs.

Its product portfolio includes security alarm systems, control panels, sensors, alarm communications equipment, access-control systems, electronic locks and related software and services.

See Also

Analyst Recommendations for NAPCO Security Technologies (NASDAQ:NSSC)

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