Brokerages Set Napco Security Technologies, Inc. (NASDAQ:NSSC) Price Target at $46.43

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Two research 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 covered the stock in the last year is $46.43.

NSSC has been the topic of several recent research reports. DA Davidson cut their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. TD Cowen reduced their price objective on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Lake Street Capital cut their target price on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $52.00 price objective on shares of Napco Security Technologies in a research report on Thursday, January 16th.

Institutional Investors Weigh In On Napco Security Technologies

A number of hedge funds have recently modified their holdings of NSSC. SG Americas Securities LLC boosted its position in Napco Security Technologies by 50.3% during the 4th quarter. SG Americas Securities LLC now owns 22,604 shares of the industrial products company’s stock worth $804,000 after acquiring an additional 7,565 shares during the last quarter. Annex Advisory Services LLC increased its stake in shares of Napco Security Technologies by 4.1% during the fourth quarter. Annex Advisory Services LLC now owns 316,171 shares of the industrial products company’s stock worth $11,243,000 after purchasing an additional 12,366 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in Napco Security Technologies by 13.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 49,355 shares of the industrial products company’s stock worth $1,755,000 after buying an additional 5,685 shares during the period. JPMorgan Chase & Co. increased its position in Napco Security Technologies by 74.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 67,795 shares of the industrial products company’s stock worth $2,743,000 after buying an additional 28,962 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Napco Security Technologies by 4.8% in the third quarter. Franklin Resources Inc. now owns 19,961 shares of the industrial products company’s stock valued at $807,000 after acquiring an additional 915 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Napco Security Technologies Trading Up 0.4 %

Shares of NSSC opened at $34.96 on Friday. The stock has a market cap of $1.28 billion, a P/E ratio of 25.71 and a beta of 1.65. The company has a 50-day moving average of $36.87 and a two-hundred day moving average of $42.54. Napco Security Technologies has a 12-month low of $31.77 and a 12-month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 EPS 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 company had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts forecast that Napco Security Technologies will post 1.55 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th were paid a $0.125 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 36.76%.

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.