NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Receives $50.40 Consensus Price Target from Brokerages

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) has earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $50.40.

A number of equities research analysts have commented on the company. Benchmark reiterated a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. Weiss Ratings restated a “hold (c)” rating on shares of NAPCO Security Technologies in a research note on Friday, August 7th. Needham & Company LLC restated a “buy” rating and set a $49.00 price objective on shares of NAPCO Security Technologies in a report on Friday, August 21st. DA Davidson set a $52.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, August 25th. Finally, Wall Street Zen cut shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th.

NAPCO Security Technologies Trading Up 2.1%

NASDAQ NSSC opened at $36.26 on Thursday. The firm’s fifty day simple moving average is $37.19 and its two-hundred day simple moving average is $39.29. The firm has a market capitalization of $1.30 billion, a P/E ratio of 29.97 and a beta of 1.43. NAPCO Security Technologies has a 12-month low of $33.91 and a 12-month high of $51.77.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, August 24th. The industrial products company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.39 by $0.11. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The firm had revenue of $55.81 million during the quarter, compared to analyst estimates of $52.51 million. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, sell-side analysts predict that NAPCO Security Technologies will post 1.66 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be issued a $0.17 dividend. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 11th. NAPCO Security Technologies’s dividend payout ratio is 49.59%.

Insider Buying and Selling at NAPCO Security Technologies

In related news, Director Donna Soloway sold 20,962 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $34.62, for a total value of $725,704.44. Following the completion of the transaction, the director owned 20,962 shares in the company, valued at $725,704.44. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Richard Soloway sold 379,529 shares of NAPCO Security Technologies stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $34.50, for a total value of $13,093,750.50. Following the sale, the chairman directly owned 621,958 shares of the company’s stock, valued at approximately $21,457,551. This represents a 37.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 523,962 shares of company stock valued at $18,257,168 over the last quarter. Insiders own 5.65% of the company’s stock.

Institutional Investors Weigh In On NAPCO Security Technologies

A number of institutional investors and hedge funds have recently modified their holdings of NSSC. BlackRock Inc. purchased a new stake in shares of NAPCO Security Technologies in the 2nd quarter valued at $213,928,000. Jupiter Topco LLC purchased a new position in shares of NAPCO Security Technologies during the second quarter worth $63,855,000. California State Teachers Retirement System boosted its holdings in NAPCO Security Technologies by 2,978.8% in the second quarter. California State Teachers Retirement System now owns 1,493,108 shares of the industrial products company’s stock valued at $56,708,000 after purchasing an additional 1,444,612 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in NAPCO Security Technologies by 668.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock valued at $36,986,000 after purchasing an additional 749,065 shares during the last quarter. Finally, Copeland Capital Management LLC grew its position in NAPCO Security Technologies by 41.4% during the 1st quarter. Copeland Capital Management LLC now owns 2,009,089 shares of the industrial products company’s stock worth $79,138,000 after purchasing an additional 588,297 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc is a security products and solutions company that designs, develops, manufactures and sells equipment for residential, commercial, institutional and industrial applications. The company’s offerings address intrusion detection, fire and life safety, access control, locking and school security needs.

Its product portfolio includes security alarm systems, control panels, sensors, alarm communications equipment, access-control systems, electronic locks and related software and services.