Brokerages Set Napco Security Technologies, Inc. (NASDAQ:NSSC) Target Price at $47.14

Napco Security Technologies, Inc. (NASDAQ:NSSC) has been given an average rating of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $47.14.

Several brokerages recently weighed in on NSSC. StockNews.com cut shares of Napco Security Technologies from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Needham & Company LLC raised their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. DA Davidson lowered their target price on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Craig Hallum dropped their target price on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Lake Street Capital cut their price target on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.

Insider Activity

In related news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the sale, the director now owns 2,681 shares in the company, valued at $99,518.72. This represents a 20.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.24% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its position in Napco Security Technologies by 250.8% in the 2nd quarter. SG Americas Securities LLC now owns 22,714 shares of the industrial products company’s stock valued at $1,180,000 after acquiring an additional 16,239 shares during the period. Thrivent Financial for Lutherans purchased a new position in shares of Napco Security Technologies in the 3rd quarter valued at approximately $2,644,000. Natixis Advisors LLC acquired a new position in shares of Napco Security Technologies in the second quarter valued at approximately $6,141,000. Envestnet Asset Management Inc. raised its stake in shares of Napco Security Technologies by 35.6% during the second quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company’s stock worth $20,019,000 after purchasing an additional 101,182 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in shares of Napco Security Technologies by 108.6% during the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock worth $42,003,000 after purchasing an additional 540,436 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Stock Up 0.8 %

Shares of NSSC stock opened at $39.23 on Friday. The firm has a 50 day moving average of $39.03 and a two-hundred day moving average of $46.13. The stock has a market capitalization of $1.44 billion, a PE ratio of 28.85 and a beta of 1.64. Napco Security Technologies has a 52 week low of $30.04 and a 52 week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). The company had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. Analysts expect that Napco Security Technologies will post 1.49 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies’s payout ratio is 36.76%.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.