NAPCO Security Technologies (NASDAQ:NSSC) Reaches New 1-Year High After Better-Than-Expected Earnings

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) shares reached a new 52-week high on Monday after the company announced better than expected quarterly earnings. The stock traded as high as $45.36 and last traded at $38.7280, with a volume of 2573 shares trading hands. The stock had previously closed at $44.15.

The industrial products company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The business had revenue of $49.17 million for the quarter, compared to analyst estimates of $46.81 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year.

NAPCO Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. NAPCO Security Technologies’s dividend payout ratio is currently 47.06%.

Analyst Ratings Changes

NSSC has been the topic of a number of research reports. Mizuho set a $48.00 target price on shares of NAPCO Security Technologies and gave the company an “outperform” rating in a research report on Friday, October 17th. Wall Street Zen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. DA Davidson set a $50.00 target price on shares of NAPCO Security Technologies and gave the company a “buy” rating in a research report on Wednesday, September 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Friday. Finally, Lake Street Capital reiterated a “buy” rating and issued a $50.00 price target (up from $39.00) on shares of NAPCO Security Technologies in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.83.

Hedge Funds Weigh In On NAPCO Security Technologies

A number of institutional investors have recently added to or reduced their stakes in NSSC. GAMMA Investing LLC boosted its position in NAPCO Security Technologies by 227.2% during the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 768 shares during the period. Exchange Traded Concepts LLC bought a new position in NAPCO Security Technologies during the third quarter worth $26,000. Quaker Wealth Management LLC boosted its position in NAPCO Security Technologies by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 1,050 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 2,100 shares during the period. First Horizon Advisors Inc. boosted its position in NAPCO Security Technologies by 49.8% during the second quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 516 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in NAPCO Security Technologies during the third quarter worth $67,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

NAPCO Security Technologies Price Performance

The stock’s 50-day simple moving average is $42.08 and its 200 day simple moving average is $33.25. The stock has a market capitalization of $1.45 billion, a P/E ratio of 34.25 and a beta of 1.52.

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.