NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Receives Consensus Rating of “Moderate Buy” from Brokerages

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) has received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $47.8333.

A number of research firms recently weighed in on NSSC. TD Cowen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. Needham & Company LLC reissued a “buy” rating and set a $49.00 price target (up from $47.00) on shares of NAPCO Security Technologies in a report on Monday, February 2nd. Zacks Research downgraded NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Wednesday, January 28th. Finally, DA Davidson reissued a “buy” rating and set a $50.00 target price on shares of NAPCO Security Technologies in a research note on Tuesday, February 3rd.

Insider Activity at NAPCO Security Technologies

In related news, CEO Richard Soloway sold 150,000 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $42.74, for a total transaction of $6,411,000.00. Following the completion of the transaction, the chief executive officer owned 1,256,010 shares in the company, valued at approximately $53,681,867.40. This represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.65% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC bought a new stake in shares of NAPCO Security Technologies in the third quarter worth about $25,000. Maseco LLP purchased a new position in NAPCO Security Technologies during the 4th quarter valued at approximately $25,000. IFP Advisors Inc increased its stake in NAPCO Security Technologies by 193.3% in the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 377 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of NAPCO Security Technologies during the 3rd quarter worth approximately $26,000. Finally, Quaker Wealth Management LLC boosted its position 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 acquiring an additional 2,100 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Stock Performance

Shares of NAPCO Security Technologies stock opened at $45.86 on Friday. The company has a fifty day moving average of $41.60 and a 200-day moving average of $40.57. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 34.48 and a beta of 1.51. NAPCO Security Technologies has a 52-week low of $19.00 and a 52-week high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, February 2nd. The industrial products company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The business had revenue of $48.17 million for the quarter, compared to the consensus estimate of $47.82 million. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. On average, equities research analysts forecast that NAPCO Security Technologies will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 12th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, March 12th. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. NAPCO Security Technologies’s dividend payout ratio (DPR) is 42.11%.

About NAPCO Security Technologies

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.