Napco Security Technologies (NASDAQ:NSSC) Posts Earnings Results

Napco Security Technologies (NASDAQ:NSSC) posted its earnings results on Monday. The industrial products company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01, RTT News reports. Napco Security Technologies had a net margin of 25.58% and a return on equity of 30.50%. During the same period in the prior year, the firm posted $0.28 EPS.

Napco Security Technologies Stock Down 14.6 %

NSSC stock opened at $47.38 on Tuesday. Napco Security Technologies has a twelve month low of $17.76 and a twelve month high of $58.09. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 37.60 and a beta of 1.62. The business’s fifty day simple moving average is $53.60 and its two-hundred day simple moving average is $47.36.

Napco Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.06%. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. Napco Security Technologies’s payout ratio is presently 31.75%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NSSC. TD Cowen assumed coverage on Napco Security Technologies in a research report on Tuesday, May 28th. They set a “buy” rating and a $60.00 price objective on the stock. B. Riley increased their price target on Napco Security Technologies from $36.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Craig Hallum restated a “buy” rating and issued a $65.00 price target (up from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Needham & Company LLC boosted their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Lake Street Capital increased their target price on shares of Napco Security Technologies from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.86.

Insider Transactions at Napco Security Technologies

In other news, SVP Stephen M. Spinelli sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.13, for a total value of $156,390.00. Following the transaction, the senior vice president now directly owns 24,928 shares in the company, valued at $1,299,496.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 11.54% of the company’s stock.

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.