Napco Security Technologies’ (NSSC) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Napco Security Technologies (NASDAQ:NSSC) in a research note issued to investors on Thursday,Benzinga reports. Needham & Company LLC currently has a $52.00 target price on the industrial products company’s stock.

Other equities analysts also recently issued research reports about the stock. Craig Hallum lowered their target price on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Lake Street Capital decreased their target price on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. TD Cowen dropped their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, DA Davidson reduced their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $46.43.

Napco Security Technologies Price Performance

NSSC stock opened at $34.96 on Thursday. The business’s 50-day moving average is $36.94 and its two-hundred day moving average is $42.75. The firm has a market capitalization of $1.28 billion, a P/E ratio of 25.71 and a beta of 1.65. Napco Security Technologies has a 1 year low of $31.77 and a 1 year 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The firm had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $46.56 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts expect that Napco Security Technologies will post 1.55 EPS for the current year.

Napco Security Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th were issued a $0.125 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.43%. Napco Security Technologies’s payout ratio is 36.76%.

Institutional Investors Weigh In On Napco Security Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in NSSC. Quarry LP raised its stake in shares of Napco Security Technologies by 91.2% during the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 312 shares during the last quarter. Farther Finance Advisors LLC raised its position in Napco Security Technologies by 72,300.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock worth $29,000 after buying an additional 723 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Napco Security Technologies by 109.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 579 shares during the period. KBC Group NV boosted its holdings in shares of Napco Security Technologies by 61.4% in the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 424 shares in the last quarter. Finally, Huntington National Bank increased its stake in shares of Napco Security Technologies by 54.7% during the third quarter. Huntington National Bank now owns 1,777 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 628 shares during the period. 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 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.