Napco Security Technologies, Inc. (NASDAQ:NSSC) Given Consensus Recommendation of “Hold” by Analysts

Napco Security Technologies, Inc. (NASDAQ:NSSC) has received an average recommendation of “Hold” from the six analysts that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $32.20.

Several equities research analysts have weighed in on the company. Cowen cut Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Craig Hallum cut Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a report on Tuesday, February 4th. Lake Street Capital set a $26.00 price objective on Napco Security Technologies in a report on Monday, May 5th. TD Cowen cut Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $46.00 to $27.00 in a report on Tuesday, February 4th. Finally, Needham & Company LLC dropped their price objective on Napco Security Technologies from $37.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, May 6th.

Napco Security Technologies Price Performance

Shares of NSSC stock opened at $28.49 on Friday. The stock has a market capitalization of $1.02 billion, a PE ratio of 21.92 and a beta of 1.41. Napco Security Technologies has a 1-year low of $19.00 and a 1-year high of $58.09. The business has a 50-day moving average of $23.71 and a 200 day moving average of $29.82.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $43.96 million during the quarter, compared to analysts’ expectations of $45.11 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. Napco Security Technologies’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 EPS. Analysts anticipate that Napco Security Technologies will post 1.24 EPS for the current year.

Napco Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Thursday, June 12th. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.13. Napco Security Technologies’s dividend payout ratio (DPR) is presently 45.90%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Napco Security Technologies by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,901,671 shares of the industrial products company’s stock valued at $66,796,000 after purchasing an additional 52,020 shares during the period. Copeland Capital Management LLC lifted its stake in shares of Napco Security Technologies by 25.1% in the 1st quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company’s stock valued at $34,390,000 after purchasing an additional 299,305 shares during the period. Doma Perpetual Capital Management LLC lifted its stake in shares of Napco Security Technologies by 53.4% in the 1st quarter. Doma Perpetual Capital Management LLC now owns 1,175,655 shares of the industrial products company’s stock valued at $27,064,000 after purchasing an additional 409,123 shares during the period. Geode Capital Management LLC lifted its stake in shares of Napco Security Technologies by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 1,010,696 shares of the industrial products company’s stock valued at $35,948,000 after purchasing an additional 51,661 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Napco Security Technologies by 15.1% in the 4th quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company’s stock valued at $33,403,000 after purchasing an additional 123,091 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

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.