Napco Security Technologies, Inc. (NASDAQ:NSSC) Receives $49.43 Consensus Target Price from Brokerages

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSCGet Free Report) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $54.14.

Several analysts have weighed in on NSSC shares. TD Cowen started coverage on shares of Napco Security Technologies in a research note on Tuesday, May 28th. They issued a “buy” rating and a $60.00 price objective for the company. DA Davidson started coverage on shares of Napco Security Technologies in a research note on Friday, April 26th. They issued a “buy” rating and a $52.00 price objective for the company. Lake Street Capital lifted their price objective on shares of Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday. Needham & Company LLC lifted their price objective on shares of Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, B. Riley lifted their price objective on shares of Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th.

View Our Latest Research Report on NSSC

Insider Activity at Napco Security Technologies

In related news, CEO Richard Soloway sold 250,000 shares of Napco Security Technologies stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $44.20, for a total transaction of $11,050,000.00. Following the sale, the chief executive officer now directly owns 1,406,010 shares of the company’s stock, valued at approximately $62,145,642. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Napco Security Technologies

Institutional investors have recently added to or reduced their stakes in the business. Annex Advisory Services LLC grew its holdings in Napco Security Technologies by 13.3% during the 4th quarter. Annex Advisory Services LLC now owns 34,100 shares of the industrial products company’s stock worth $1,168,000 after acquiring an additional 3,990 shares during the last quarter. Wasatch Advisors LP grew its holdings in Napco Security Technologies by 13.3% during the 4th quarter. Wasatch Advisors LP now owns 571,416 shares of the industrial products company’s stock worth $19,571,000 after acquiring an additional 67,175 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Napco Security Technologies during the 4th quarter worth approximately $547,000. Los Angeles Capital Management LLC bought a new stake in Napco Security Technologies during the 4th quarter worth approximately $843,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Napco Security Technologies by 159.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 156,584 shares of the industrial products company’s stock worth $5,363,000 after acquiring an additional 96,205 shares during the last quarter. 85.07% of the stock is owned by institutional investors.

Napco Security Technologies Stock Performance

NASDAQ NSSC opened at $52.98 on Friday. The firm has a 50-day moving average of $45.22 and a 200-day moving average of $40.18. The stock has a market cap of $1.95 billion, a PE ratio of 42.05 and a beta of 1.61. Napco Security Technologies has a 52-week low of $17.76 and a 52-week high of $53.10.

Napco Security Technologies (NASDAQ:NSSCGet Free Report) last posted its earnings results on Monday, May 6th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $49.30 million during the quarter, compared to analysts’ expectations of $48.16 million. Napco Security Technologies had a net margin of 25.58% and a return on equity of 30.50%. Napco Security Technologies’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 EPS. As a group, analysts predict that Napco Security Technologies will post 1.35 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Monday, June 3rd. Napco Security Technologies’s dividend payout ratio (DPR) is presently 31.75%.

About Napco Security Technologies

(Get Free Report

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.

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Analyst Recommendations for Napco Security Technologies (NASDAQ:NSSC)

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