Napco Security Technologies (NASDAQ:NSSC) Stock Price Up 4.2%

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) rose 4.2% during trading on Friday . The stock traded as high as $46.67 and last traded at $46.45. Approximately 113,936 shares changed hands during trading, a decline of 70% from the average daily volume of 383,188 shares. The stock had previously closed at $44.58.

Wall Street Analysts Forecast Growth

NSSC has been the subject of a number of recent analyst reports. Lake Street Capital upped their price objective on Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Craig Hallum reaffirmed a “buy” rating and set a $65.00 price objective (up from $50.00) on shares of Napco Security Technologies in a report on Friday, May 24th. TD Cowen initiated coverage on shares of Napco Security Technologies in a research report on Tuesday, May 28th. They set a “buy” rating and a $60.00 target price for the company. DA Davidson raised their target price on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Finally, B. Riley boosted their price target on shares of Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.29.

Napco Security Technologies Stock Up 4.0 %

The firm has a market capitalization of $1.71 billion, a PE ratio of 36.81 and a beta of 1.62. The stock has a 50-day moving average price of $53.19 and a 200 day moving average price of $47.38.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $50.33 million during the quarter, compared to analysts’ expectations of $50.18 million. Napco Security Technologies had a net margin of 25.58% and a return on equity of 30.50%. During the same quarter in the prior year, the company earned $0.28 EPS. As a group, equities analysts predict that Napco Security Technologies, Inc. will post 1.35 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be given a $0.125 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.08%. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. Napco Security Technologies’s dividend payout ratio is presently 31.75%.

Insider Buying and Selling

In related news, SVP Stephen M. Spinelli sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.13, for a total value of $156,390.00. Following the sale, the senior vice president now owns 24,928 shares in the company, valued at approximately $1,299,496.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Napco Security Technologies

Large investors have recently made changes to their positions in the company. Quarry LP increased its position in shares of Napco Security Technologies by 91.2% in the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 312 shares during the last quarter. Capital Impact Advisors LLC purchased a new position in Napco Security Technologies in the second quarter valued at $669,000. Susquehanna Fundamental Investments LLC acquired a new stake in Napco Security Technologies in the second quarter valued at $213,000. The Manufacturers Life Insurance Company lifted its holdings in Napco Security Technologies by 6.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,501 shares of the industrial products company’s stock worth $961,000 after buying an additional 1,042 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Napco Security Technologies by 29.6% during the 2nd quarter. AQR Capital Management LLC now owns 138,790 shares of the industrial products company’s stock worth $7,210,000 after acquiring an additional 31,737 shares in the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Napco Security Technologies Company Profile

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.