NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Given Average Rating of “Moderate Buy” by Analysts

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $47.8333.

Several research analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $49.00 target price (up from $47.00) on shares of NAPCO Security Technologies in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Wednesday, January 28th. Zacks Research cut NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. TD Cowen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 4th. Finally, DA Davidson restated a “buy” rating and issued a $50.00 price target on shares of NAPCO Security Technologies in a research report on Tuesday, February 3rd.

Insiders Place Their Bets

In other news, CEO Richard Soloway sold 150,000 shares of NAPCO Security Technologies stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $42.74, for a total value of $6,411,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,256,010 shares of the company’s stock, valued at approximately $53,681,867.40. This trade represents a 10.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.65% of the company’s stock.

Institutional Investors Weigh In On NAPCO Security Technologies

Several large investors have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC acquired a new position in NAPCO Security Technologies in the third quarter valued at approximately $25,000. Maseco LLP bought a new stake in shares of NAPCO Security Technologies in the 4th quarter valued at $25,000. IFP Advisors Inc lifted its position in shares of NAPCO Security Technologies by 193.3% during the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 377 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of NAPCO Security Technologies during the 3rd quarter valued at $26,000. Finally, Quaker Wealth Management LLC boosted its stake in NAPCO Security Technologies by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 1,050 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

NAPCO Security Technologies Price Performance

NASDAQ:NSSC opened at $46.65 on Friday. NAPCO Security Technologies has a one year low of $19.00 and a one year high of $48.12. The firm’s 50 day simple moving average is $41.90 and its 200 day simple moving average is $40.96. The company has a market cap of $1.66 billion, a PE ratio of 35.08 and a beta of 1.51.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, February 2nd. The industrial products company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The company had revenue of $48.17 million for the quarter, compared to analyst estimates of $47.82 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. NAPCO Security Technologies’s revenue was up 12.4% compared to the same quarter last year. Equities research analysts expect that NAPCO Security Technologies will post 1.24 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 12th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, March 12th. NAPCO Security Technologies’s payout ratio is currently 42.11%.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.