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

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) has earned a consensus recommendation of “Moderate Buy” from the eight research 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 issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $47.8333.

NSSC has been the topic of a number of analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $50.00 price target on shares of NAPCO Security Technologies in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Wednesday, January 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $49.00 price objective (up from $47.00) on shares of NAPCO Security Technologies in a research report on Monday, February 2nd.

Insider Buying and Selling

In other news, CEO Richard Soloway sold 129,682 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the completion of the transaction, the chief executive officer directly owned 1,152,276 shares in the company, valued at $51,840,897.24. This trade represents a 10.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.65% of the company’s stock.

Hedge Funds Weigh In On NAPCO Security Technologies

Hedge funds have recently bought and sold shares of the company. Cornerstone Planning Group LLC bought a new stake in NAPCO Security Technologies during the 3rd quarter valued at about $25,000. Maseco LLP bought a new position in shares of NAPCO Security Technologies in the fourth quarter worth approximately $25,000. IFP Advisors Inc lifted its stake in shares of NAPCO Security Technologies by 193.3% in the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after buying an additional 377 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of NAPCO Security Technologies during the third quarter valued at approximately $26,000. Finally, State of Wyoming bought a new stake in shares of NAPCO Security Technologies during the third quarter valued at approximately $41,000. Institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Stock Performance

NSSC stock opened at $42.56 on Thursday. The company has a market capitalization of $1.52 billion, a PE ratio of 32.00 and a beta of 1.45. The company’s 50 day moving average price is $42.24 and its two-hundred day moving average price is $42.01. NAPCO Security Technologies has a one year low of $19.00 and a one year high of $48.12.

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

NAPCO Security Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, March 12th. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. NAPCO Security Technologies’s dividend payout ratio (DPR) is presently 45.11%.

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.