Napco Security Technologies (NASDAQ:NSSC) Price Target Raised to $32.00 at Needham & Company LLC

Napco Security Technologies (NASDAQ:NSSC) had its price objective lifted by Needham & Company LLC from $30.00 to $32.00 in a research report released on Wednesday morning, Briefing.com reports. They currently have a buy rating on the industrial products company’s stock.

Several other brokerages also recently issued reports on NSSC. B. Riley downgraded shares of Napco Security Technologies from a buy rating to a neutral rating and lowered their price target for the stock from $38.00 to $24.00 in a report on Monday, August 21st. StockNews.com began coverage on shares of Napco Security Technologies in a report on Thursday, August 17th. They set a hold rating for the company. William Blair downgraded shares of Napco Security Technologies from an outperform rating to a market perform rating in a report on Monday, August 21st. 22nd Century Group reiterated a reiterates rating on shares of Napco Security Technologies in a report on Thursday, May 18th. Finally, Craig Hallum lowered their price target on shares of Napco Security Technologies from $50.00 to $40.00 and set a buy rating for the company in a report on Monday, August 21st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $30.60.

Napco Security Technologies Price Performance

Shares of NSSC opened at $24.80 on Wednesday. Napco Security Technologies has a one year low of $20.02 and a one year high of $41.25. The company has a market cap of $911.90 million, a P/E ratio of 27.87 and a beta of 1.10. The firm has a 50 day simple moving average of $34.04 and a two-hundred day simple moving average of $34.29.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Tuesday, August 29th. The industrial products company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Napco Security Technologies had a net margin of 19.71% and a return on equity of 26.33%. During the same quarter in the prior year, the company earned $0.20 earnings per share. On average, analysts expect that Napco Security Technologies will post 0.95 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be paid a $0.08 dividend. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.32 annualized dividend and a dividend yield of 1.29%. Napco Security Technologies’s payout ratio is currently 6.74%.

Institutional Trading of Napco Security Technologies

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its position in Napco Security Technologies by 137.5% during the first quarter. Tower Research Capital LLC TRC now owns 862 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 499 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Napco Security Technologies by 100.0% during the first quarter. Great West Life Assurance Co. Can now owns 1,628 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 814 shares during the last quarter. Ensign Peak Advisors Inc bought a new stake in Napco Security Technologies during the third quarter valued at $42,000. Ameritas Investment Partners Inc. boosted its position in Napco Security Technologies by 100.0% during the first quarter. Ameritas Investment Partners Inc. now owns 2,090 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 1,045 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Napco Security Technologies during the second quarter valued at $43,000. Institutional investors own 87.65% of the company’s stock.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.