Napco Security Technologies, Inc. (NASDAQ:NSSC) Expected to Earn FY2024 Earnings of $1.33 Per Share

Napco Security Technologies, Inc. (NASDAQ:NSSC) – Equities research analysts at B. Riley upped their FY2024 earnings per share estimates for Napco Security Technologies in a report issued on Tuesday, May 7th. B. Riley analyst R. Sharma now forecasts that the industrial products company will earn $1.33 per share for the year, up from their prior estimate of $1.30. B. Riley has a “Neutral” rating and a $45.00 price target on the stock. The consensus estimate for Napco Security Technologies’ current full-year earnings is $1.31 per share. B. Riley also issued estimates for Napco Security Technologies’ Q1 2025 earnings at $0.36 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.41 EPS and FY2025 earnings at $1.53 EPS.

Other equities research analysts also recently issued research reports about the company. Imperial Capital downgraded Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price objective for the company. in a report on Tuesday, February 6th. DA Davidson started coverage on Napco Security Technologies in a report on Friday, April 26th. They issued a “buy” rating and a $52.00 price target for the company. StockNews.com downgraded Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, 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. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.83.

Napco Security Technologies Trading Up 1.0 %

NASDAQ NSSC opened at $45.74 on Wednesday. The stock has a 50-day simple moving average of $41.02 and a 200 day simple moving average of $35.73. The company has a market capitalization of $1.68 billion, a PE ratio of 38.44 and a beta of 1.51. Napco Security Technologies has a 12 month low of $17.76 and a 12 month high of $46.41.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $49.30 million during the quarter, compared to the consensus estimate of $48.16 million. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share.

Hedge Funds Weigh In On Napco Security Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its holdings in Napco Security Technologies by 332.9% in the 4th quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 566 shares in the last quarter. Hollencrest Capital Management acquired a new position in Napco Security Technologies in the 1st quarter valued at $27,000. Whittier Trust Co. acquired a new position in Napco Security Technologies in the 1st quarter valued at $28,000. Arcadia Investment Management Corp MI raised its holdings in Napco Security Technologies by 48.6% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 459 shares in the last quarter. Finally, RiverPark Advisors LLC raised its holdings in Napco Security Technologies by 80.1% in the 4th quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 743 shares in the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Napco Security Technologies

In other news, CEO Richard Soloway sold 50,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the transaction, the chief executive officer now owns 1,656,010 shares in the company, valued at $67,482,407.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Richard Soloway sold 50,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the transaction, the chief executive officer now owns 1,656,010 shares in the company, valued at $67,482,407.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevin S. Buchel sold 10,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $44.80, for a total value of $448,000.00. Following the transaction, the chief financial officer now owns 112,739 shares in the company, valued at approximately $5,050,707.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,200 shares of company stock worth $3,987,644. Company insiders own 11.54% of the company’s stock.

Napco Security Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.40 annualized dividend and a yield of 0.87%. Napco Security Technologies’s dividend payout ratio is 33.61%.

About Napco Security Technologies

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.