Brokerages Set Napco Security Technologies, Inc. (NASDAQ:NSSC) Price Target at $54.14

Napco Security Technologies, Inc. (NASDAQ:NSSC) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $54.14.

Several equities research analysts recently commented on the company. B. Riley raised their target price on Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Craig Hallum reiterated a “buy” rating and issued a $65.00 price target (up previously from $50.00) on shares of Napco Security Technologies in a report on Friday, May 24th. Needham & Company LLC increased their price target on Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. TD Cowen initiated coverage on Napco Security Technologies in a report on Tuesday, May 28th. They issued a “buy” rating and a $60.00 price target on the stock. Finally, DA Davidson initiated coverage on Napco Security Technologies in a report on Friday, April 26th. They issued a “buy” rating and a $52.00 price target on the stock.

Napco Security Technologies Price Performance

NASDAQ NSSC opened at $54.06 on Tuesday. The business has a 50 day simple moving average of $48.66 and a 200 day simple moving average of $42.29. Napco Security Technologies has a one year low of $17.76 and a one year high of $54.66. The stock has a market capitalization of $1.99 billion, a P/E ratio of 42.91 and a beta of 1.62.

Napco Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, May 6th. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Napco Security Technologies had a return on equity of 30.50% and a net margin of 25.58%. The business had revenue of $49.30 million during the quarter, compared to analysts’ expectations of $48.16 million. During the same quarter last year, the firm posted $0.29 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. Equities analysts expect that Napco Security Technologies will post 1.35 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 3rd were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.74%. Napco Security Technologies’s dividend payout ratio is presently 31.75%.

Insider Activity

In other news, CEO Richard Soloway sold 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total value of $11,050,000.00. Following the transaction, the chief executive officer now owns 1,406,010 shares in the company, valued at $62,145,642. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.54% of the company’s stock.

Institutional Trading of Napco Security Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Napco Security Technologies by 4.2% during the first quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock valued at $102,654,000 after acquiring an additional 102,010 shares during the last quarter. GW&K Investment Management LLC increased its position in shares of Napco Security Technologies by 3.6% during the fourth quarter. GW&K Investment Management LLC now owns 1,149,474 shares of the industrial products company’s stock valued at $39,369,000 after acquiring an additional 40,166 shares during the last quarter. abrdn plc increased its position in shares of Napco Security Technologies by 49.3% during the fourth quarter. abrdn plc now owns 883,726 shares of the industrial products company’s stock valued at $30,268,000 after acquiring an additional 291,920 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Napco Security Technologies by 168.9% during the fourth quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock valued at $23,672,000 after acquiring an additional 434,164 shares during the last quarter. Finally, Wasatch Advisors LP increased its position in shares of Napco Security Technologies by 13.3% during the fourth quarter. Wasatch Advisors LP now owns 571,416 shares of the industrial products company’s stock valued at $19,571,000 after acquiring an additional 67,175 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

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.