Napco Security Technologies, Inc. (NASDAQ:NSSC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $47.14.

NSSC has been the subject of several recent research reports. Needham & Company LLC lifted their target price on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Lake Street Capital lowered their price objective on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Craig Hallum dropped their target price on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. DA Davidson reduced their price target on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, TD Cowen dropped their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.

Napco Security Technologies Trading Down 2.8 %

NSSC opened at $38.91 on Friday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 28.61 and a beta of 1.64. The stock has a fifty day simple moving average of $39.06 and a two-hundred day simple moving average of $46.19. Napco Security Technologies has a 12-month low of $29.18 and a 12-month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.05). Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The business had revenue of $44.00 million during the quarter, compared to the consensus estimate of $46.56 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Napco Security Technologies will post 1.49 EPS for the current year.

Napco Security Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.29%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

Insider Buying and Selling

In related news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the transaction, the director now owns 2,681 shares in the company, valued at $99,518.72. This represents a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Napco Security Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Napco Security Technologies by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock worth $102,654,000 after purchasing an additional 102,010 shares during the period. FMR LLC increased its holdings in Napco Security Technologies by 30.8% during the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock valued at $85,075,000 after buying an additional 494,988 shares during the last quarter. Copeland Capital Management LLC raised its position in Napco Security Technologies by 108.6% in the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock worth $42,003,000 after acquiring an additional 540,436 shares during the period. Geode Capital Management LLC boosted its stake in shares of Napco Security Technologies by 14.3% during the 3rd quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company’s stock worth $38,809,000 after acquiring an additional 120,304 shares during the last quarter. Finally, State Street Corp grew its position in shares of Napco Security Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock valued at $31,790,000 after acquiring an additional 16,931 shares during the period. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.