NAPCO Security Technologies (NASDAQ:NSSC) Upgraded to “Buy” at TD Cowen

TD Cowen upgraded shares of NAPCO Security Technologies (NASDAQ:NSSC) from a hold rating to a buy rating in a research note published on Tuesday morning, MarketBeat reports. TD Cowen currently has $50.00 target price on the industrial products company’s stock, up from their prior target price of $43.00.

Several other equities analysts have also issued reports on NSSC. Wall Street Zen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Craig Hallum upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, August 26th. Cowen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday. Needham & Company LLC boosted their target price on NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, Mizuho set a $48.00 target price on NAPCO Security Technologies and gave the stock an “outperform” rating in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $47.50.

NAPCO Security Technologies Stock Up 1.4%

Shares of NSSC stock opened at $41.35 on Tuesday. The stock has a 50-day moving average price of $42.16 and a 200 day moving average price of $33.38. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 34.75 and a beta of 1.52. NAPCO Security Technologies has a 12 month low of $19.00 and a 12 month high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, November 3rd. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $49.17 million during the quarter, compared to analyst estimates of $46.81 million. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The company’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. Sell-side analysts predict that NAPCO Security Technologies will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Announces Dividend

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

Hedge Funds Weigh In On NAPCO Security Technologies

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of NAPCO Security Technologies by 227.2% during the 1st quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 768 shares in the last quarter. Cornerstone Planning Group LLC bought a new position in shares of NAPCO Security Technologies during the 3rd quarter valued at about $25,000. Exchange Traded Concepts LLC bought a new position in shares of NAPCO Security Technologies during the 3rd quarter valued at about $26,000. Quaker Wealth Management LLC lifted its holdings in shares of NAPCO Security Technologies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,050 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 2,100 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of NAPCO Security Technologies during the 3rd quarter valued at about $41,000. Institutional investors own 85.07% of the company’s stock.

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.