NAPCO Security Technologies’ (NSSC) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of NAPCO Security Technologies (NASDAQ:NSSC) in a report released on Thursday morning,Benzinga reports. Needham & Company LLC currently has a $47.00 target price on the industrial products company’s stock.

Several other analysts also recently commented on the company. Wall Street Zen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Lake Street Capital reaffirmed a “buy” rating and set a $50.00 price target (up from $39.00) on shares of NAPCO Security Technologies in a research report on Friday, October 10th. DA Davidson set a $50.00 target price on shares of NAPCO Security Technologies and gave the company a “buy” rating in a research note on Wednesday, September 24th. Craig Hallum raised NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, August 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NAPCO Security Technologies in a report on Friday, October 31st. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, NAPCO Security Technologies has a consensus rating of “Moderate Buy” and an average price target of $47.50.

NAPCO Security Technologies Stock Up 1.5%

Shares of NASDAQ:NSSC opened at $38.57 on Thursday. NAPCO Security Technologies has a twelve month low of $19.00 and a twelve month high of $48.12. The stock’s 50 day moving average is $42.52 and its 200-day moving average is $34.94. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 32.41 and a beta of 1.54.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, November 3rd. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $46.81 million. During the same quarter in the previous year, the business posted $0.29 EPS. NAPCO Security Technologies’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts anticipate that NAPCO Security Technologies will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a $0.14 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.56 annualized dividend and a yield of 1.5%. NAPCO Security Technologies’s dividend payout ratio (DPR) is currently 45.53%.

Insiders Place Their Bets

In other news, SVP Stephen M. Spinelli sold 19,000 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $40.25, for a total transaction of $764,750.00. Following the sale, the senior vice president directly owned 928 shares in the company, valued at $37,352. This represents a 95.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 5.65% of the stock is owned by insiders.

Hedge Funds Weigh In On NAPCO Security Technologies

Hedge funds have recently bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new stake in NAPCO Security Technologies in the 3rd quarter worth approximately $25,000. Exchange Traded Concepts LLC bought a new position in shares of NAPCO Security Technologies in the third quarter worth $26,000. Quaker Wealth Management LLC increased its holdings in shares of NAPCO Security Technologies by 200.0% in 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. State of Wyoming purchased a new stake in shares of NAPCO Security Technologies in the third quarter worth $41,000. Finally, Advisory Services Network LLC bought a new stake in NAPCO Security Technologies during the third quarter valued at $41,000. 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.