FY2024 EPS Estimates for Napco Security Technologies, Inc. (NASDAQ:NSSC) Boosted by Analyst

Napco Security Technologies, Inc. (NASDAQ:NSSC) – B. Riley upped their FY2024 EPS estimates for Napco Security Technologies in a research report issued on Tuesday, May 7th. B. Riley analyst R. Sharma now anticipates that the industrial products company will post earnings of $1.33 per share for the year, up from their prior estimate of $1.30. B. Riley has a “Neutral” rating and a $45.00 price target on the stock. The consensus estimate for Napco Security Technologies’ current full-year earnings is $1.31 per share. B. Riley also issued estimates for Napco Security Technologies’ Q1 2025 earnings at $0.36 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.41 EPS and FY2025 earnings at $1.53 EPS.

Several other research analysts have also recently weighed in on the stock. DA Davidson initiated coverage on shares of Napco Security Technologies in a report on Friday, April 26th. They issued a “buy” rating and a $52.00 price target for the company. Needham & Company LLC upped their price target on shares of Napco Security Technologies from $46.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Imperial Capital cut shares of Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price target for the company. in a report on Tuesday, February 6th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.83.

Napco Security Technologies Stock Performance

Shares of NASDAQ NSSC opened at $44.45 on Wednesday. The stock has a market cap of $1.63 billion, a P/E ratio of 37.35 and a beta of 1.51. The firm has a 50 day moving average price of $41.02 and a 200 day moving average price of $35.79. Napco Security Technologies has a 52-week low of $17.76 and a 52-week high of $46.41.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $49.30 million during the quarter, compared to analysts’ expectations of $48.16 million. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Napco Security Technologies by 5.3% during the third quarter. Vanguard Group Inc. now owns 2,399,096 shares of the industrial products company’s stock worth $53,380,000 after purchasing an additional 120,842 shares during the period. FMR LLC lifted its holdings in shares of Napco Security Technologies by 29.0% during the third quarter. FMR LLC now owns 1,577,159 shares of the industrial products company’s stock worth $35,092,000 after buying an additional 354,579 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in shares of Napco Security Technologies by 3.6% during the fourth quarter. GW&K Investment Management LLC now owns 1,149,474 shares of the industrial products company’s stock worth $39,369,000 after buying an additional 40,166 shares in the last quarter. abrdn plc boosted its position in shares of Napco Security Technologies by 49.3% in the fourth quarter. abrdn plc now owns 883,726 shares of the industrial products company’s stock valued at $30,268,000 after acquiring an additional 291,920 shares during the period. Finally, Wellington Management Group LLP increased its position in Napco Security Technologies by 168.9% during the fourth quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock worth $23,672,000 after acquiring an additional 434,164 shares during the period. 85.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Richard Soloway sold 50,000 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the completion of the transaction, the chief executive officer now owns 1,656,010 shares in the company, valued at $67,482,407.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Napco Security Technologies news, CEO Richard Soloway sold 50,000 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the sale, the chief executive officer now directly owns 1,656,010 shares of the company’s stock, valued at $67,482,407.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin S. Buchel sold 10,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $44.80, for a total transaction of $448,000.00. Following the sale, the chief financial officer now directly owns 112,739 shares in the company, valued at $5,050,707.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 343,200 shares of company stock worth $15,037,644. 11.54% of the stock is owned by insiders.

Napco Security Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.90%. The ex-dividend date is Monday, June 3rd. Napco Security Technologies’s payout ratio is 33.61%.

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.