Napco Security Technologies, Inc. (NASDAQ:NSSC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) have received an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $33.60.

NSSC has been the topic of several recent research reports. Imperial Capital downgraded Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price target on the stock. in a report on Tuesday, February 6th. Needham & Company LLC restated a “buy” rating and set a $46.00 target price on shares of Napco Security Technologies in a research note on Friday, April 12th. Finally, StockNews.com downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies news, SVP Michael Carrieri sold 5,200 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $45.92, for a total transaction of $238,784.00. Following the sale, the senior vice president now owns 14,232 shares of the company’s stock, valued at $653,533.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Richard Soloway sold 50,000 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $40.75, for a total value of $2,037,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,010 shares of the company’s stock, valued at approximately $67,482,407.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael Carrieri sold 5,200 shares of Napco Security Technologies stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $45.92, for a total value of $238,784.00. Following the transaction, the senior vice president now directly owns 14,232 shares in the company, valued at approximately $653,533.44. The disclosure for this sale can be found here. Insiders sold 93,200 shares of company stock valued at $3,987,644 over the last three months. 11.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Napco Security Technologies

Several large investors have recently modified their holdings of the company. Quadrant Capital Group LLC boosted its stake in Napco Security Technologies by 332.9% during the 4th quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 566 shares during the period. Copeland Capital Management LLC acquired a new stake in shares of Napco Security Technologies during the third quarter worth about $28,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Napco Security Technologies during the fourth quarter worth about $31,000. Tower Research Capital LLC TRC increased its position in Napco Security Technologies by 137.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 862 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 499 shares during the period. Finally, Great West Life Assurance Co. Can raised its stake in Napco Security Technologies by 100.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,628 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 814 shares during the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Napco Security Technologies Stock Performance

NASDAQ NSSC opened at $39.01 on Thursday. Napco Security Technologies has a one year low of $17.76 and a one year high of $46.26. The firm has a 50 day simple moving average of $41.63 and a 200-day simple moving average of $33.54. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 32.78 and a beta of 1.55.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. The business had revenue of $47.50 million during the quarter, compared to the consensus estimate of $43.92 million. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Equities analysts predict that Napco Security Technologies will post 1.3 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Thursday, February 29th. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.08. Napco Security Technologies’s dividend payout ratio (DPR) is 33.61%.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.