Napco Security Technologies, Inc. (NASDAQ:NSSC) Receives $46.43 Average Price Target from Brokerages

Napco Security Technologies, Inc. (NASDAQ:NSSC) has been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $46.43.

A number of analysts have recently commented on NSSC shares. TD Cowen dropped their price objective on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and set a $52.00 price target on shares of Napco Security Technologies in a research note on Thursday, January 16th. 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 report on Tuesday, November 5th. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Craig Hallum decreased their price objective 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.

Institutional Investors Weigh In On Napco Security Technologies

A number of large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in shares of Napco Security Technologies by 143.9% during the second quarter. Commonwealth Equity Services LLC now owns 13,683 shares of the industrial products company’s stock worth $711,000 after acquiring an additional 8,072 shares during the last quarter. American Century Companies Inc. raised its stake in Napco Security Technologies by 32.9% during the second quarter. American Century Companies Inc. now owns 74,243 shares of the industrial products company’s stock worth $3,857,000 after acquiring an additional 18,364 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Napco Security Technologies by 35.6% during the 2nd 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 period. Renaissance Technologies LLC increased its position in Napco Security Technologies by 17.4% in the second quarter. Renaissance Technologies LLC now owns 244,400 shares of the industrial products company’s stock worth $12,697,000 after buying an additional 36,200 shares during the period. Finally, Public Employees Retirement Association of Colorado bought a new stake in Napco Security Technologies in the 2nd quarter valued at about $184,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Napco Security Technologies Stock Performance

Shares of NSSC opened at $36.13 on Friday. Napco Security Technologies has a fifty-two week low of $31.77 and a fifty-two week high of $58.09. The company has a market capitalization of $1.33 billion, a PE ratio of 26.57 and a beta of 1.65. The stock has a fifty day moving average of $36.80 and a two-hundred day moving average of $42.37.

Napco Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.05). The company had revenue of $44.00 million during 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%. Napco Security Technologies’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. As a group, equities research analysts forecast that Napco Security Technologies will post 1.55 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 12th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, December 12th. Napco Security Technologies’s dividend payout ratio (DPR) is presently 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.