Napco Security Technologies (NASDAQ:NSSC) Reaches New 12-Month High at $51.58

Napco Security Technologies, Inc. (NASDAQ:NSSCGet Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $51.58 and last traded at $51.11, with a volume of 38146 shares changing hands. The stock had previously closed at $50.26.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. B. Riley increased their price objective on Napco Security Technologies from $36.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Needham & Company LLC boosted their target price on shares of Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Craig Hallum reissued a “buy” rating and issued a $65.00 price objective (up previously from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Finally, TD Cowen assumed coverage on shares of Napco Security Technologies in a research note on Tuesday. They issued a “buy” rating and a $60.00 target price for the company. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Napco Security Technologies currently has an average rating of “Hold” and a consensus target price of $49.43.

Read Our Latest Research Report on NSSC

Napco Security Technologies Stock Performance

The firm has a market cap of $1.85 billion, a P/E ratio of 39.97 and a beta of 1.51. The firm’s fifty day moving average is $42.58 and its 200 day moving average is $38.44.

Napco Security Technologies (NASDAQ:NSSCGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Napco Security Technologies had a return on equity of 30.50% and a net margin of 25.58%. The company had revenue of $49.30 million during the quarter, compared to analysts’ expectations of $48.16 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The business’s revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts forecast that Napco Security Technologies, Inc. will post 1.35 EPS for the current year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Monday, June 3rd. Napco Security Technologies’s dividend payout ratio is 31.75%.

Insiders Place Their Bets

In other news, CEO Richard Soloway sold 250,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $44.20, for a total value of $11,050,000.00. Following the completion of the sale, the chief executive officer now owns 1,406,010 shares of the company’s stock, valued at $62,145,642. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP grew its stake 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 buying an additional 434,164 shares in the last quarter. FMR LLC boosted its position in shares of Napco Security Technologies by 29.0% during the 3rd quarter. FMR LLC now owns 1,577,159 shares of the industrial products company’s stock worth $35,092,000 after acquiring an additional 354,579 shares in the last quarter. abrdn plc increased its stake in 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 last quarter. Envestnet Asset Management Inc. raised its position in Napco Security Technologies by 323.4% during the third quarter. Envestnet Asset Management Inc. now owns 276,905 shares of the industrial products company’s stock valued at $6,161,000 after purchasing an additional 211,506 shares in the last quarter. Finally, Annex Advisory Services LLC raised its position in Napco Security Technologies by 588.0% during the first quarter. Annex Advisory Services LLC now owns 234,594 shares of the industrial products company’s stock valued at $9,421,000 after purchasing an additional 200,494 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Napco Security Technologies Company Profile

(Get Free Report)

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.

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