NAPCO Security Technologies (NASDAQ:NSSC) Price Target Raised to $33.00 at DA Davidson

NAPCO Security Technologies (NASDAQ:NSSC) had its target price lifted by DA Davidson from $30.00 to $33.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Several other research analysts also recently weighed in on the stock. Needham & Company LLC lowered their price objective on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Lake Street Capital set a $26.00 target price on shares of NAPCO Security Technologies in a research note on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.20.

NAPCO Security Technologies Stock Up 4.3%

NAPCO Security Technologies stock opened at $29.51 on Wednesday. NAPCO Security Technologies has a 12-month low of $19.00 and a 12-month high of $58.09. The firm’s fifty day moving average is $26.55 and its 200 day moving average is $28.17. The company has a market capitalization of $1.05 billion, a PE ratio of 24.19 and a beta of 1.44.

NAPCO Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. NAPCO Security Technologies had a net margin of 25.00% and a return on equity of 26.14%. The company had revenue of $43.96 million for the quarter, compared to the consensus estimate of $45.11 million. During the same quarter in the previous year, the company earned $0.37 EPS. NAPCO Security Technologies’s quarterly revenue was down 10.8% compared to the same quarter last year. Sell-side analysts expect that NAPCO Security Technologies will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.90%. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, June 12th. NAPCO Security Technologies’s dividend payout ratio is presently 45.90%.

Institutional Investors Weigh In On NAPCO Security Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of NAPCO Security Technologies by 35.4% in the first quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company’s stock worth $87,000 after buying an additional 1,002 shares in the last quarter. GAMMA Investing LLC raised its stake in NAPCO Security Technologies by 7,432.5% in the first quarter. GAMMA Investing LLC now owns 25,460 shares of the industrial products company’s stock valued at $586,000 after purchasing an additional 25,122 shares in the last quarter. Truist Financial Corp raised its stake in NAPCO Security Technologies by 4.4% in the fourth quarter. Truist Financial Corp now owns 27,420 shares of the industrial products company’s stock valued at $975,000 after purchasing an additional 1,168 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in NAPCO Security Technologies by 12.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,027 shares of the industrial products company’s stock valued at $677,000 after purchasing an additional 2,115 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in NAPCO Security Technologies by 6.4% in the fourth quarter. Teacher Retirement System of Texas now owns 44,370 shares of the industrial products company’s stock valued at $1,578,000 after purchasing an additional 2,670 shares in the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

NAPCO Security Technologies Company Profile

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.