NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $47.50.

A number of research firms have weighed in on NSSC. Zacks Research cut shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Friday, October 31st. Mizuho set a $48.00 price target on shares of NAPCO Security Technologies and gave the stock an “outperform” rating in a research note on Friday, October 17th. Lake Street Capital restated a “buy” rating and issued a $50.00 price objective (up previously from $39.00) on shares of NAPCO Security Technologies in a research note on Friday, October 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $47.00 price objective on shares of NAPCO Security Technologies in a report on Thursday, November 20th.

Insiders Place Their Bets

In other news, SVP Stephen M. Spinelli sold 19,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $40.25, for a total value of $764,750.00. Following the completion of the sale, the senior vice president directly owned 928 shares of the company’s stock, valued at approximately $37,352. This represents a 95.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.65% of the company’s stock.

Institutional Trading of NAPCO Security Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Planning Group LLC purchased a new stake in shares of NAPCO Security Technologies in the third quarter valued at about $25,000. Maseco LLP acquired a new position in NAPCO Security Technologies in the 4th quarter valued at about $25,000. IFP Advisors Inc raised its stake in NAPCO Security Technologies by 193.3% during the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 377 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in NAPCO Security Technologies during the 3rd quarter worth approximately $26,000. Finally, Quaker Wealth Management LLC grew its stake in shares of NAPCO Security Technologies by 200.0% in 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 during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Price Performance

NAPCO Security Technologies stock opened at $38.48 on Wednesday. The stock has a market cap of $1.37 billion, a PE ratio of 31.28 and a beta of 1.52. The stock’s fifty day moving average is $40.83 and its two-hundred day moving average is $39.10. NAPCO Security Technologies has a 1-year low of $19.00 and a 1-year high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data 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. The business had revenue of $49.17 million for the quarter, compared to the consensus estimate of $46.81 million. NAPCO Security Technologies had a return on equity of 26.09% and a net margin of 23.76%.The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 EPS. On average, research analysts expect that NAPCO Security Technologies will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.56 annualized dividend and a yield of 1.5%. NAPCO Security Technologies’s payout ratio is 45.53%.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.