Napco Security Technologies (NASDAQ:NSSC) Announces Earnings Results

Napco Security Technologies (NASDAQ:NSSC) issued its earnings results on Monday. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01, RTT News reports. Napco Security Technologies had a net margin of 25.58% and a return on equity of 30.50%. The company had revenue of $50.33 million during the quarter, compared to analysts’ expectations of $50.18 million. During the same quarter in the previous year, the company posted $0.28 EPS.

Napco Security Technologies Trading Up 2.2 %

Shares of NASDAQ:NSSC traded up $1.00 during trading on Wednesday, hitting $47.40. 617,948 shares of the company were exchanged, compared to its average volume of 380,895. Napco Security Technologies has a fifty-two week low of $17.76 and a fifty-two week high of $58.09. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 37.62 and a beta of 1.62. The firm has a fifty day moving average price of $53.48 and a two-hundred day moving average price of $47.37.

Napco Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be issued a dividend of $0.125 per share. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, September 12th. This represents a $0.50 annualized dividend and a yield of 1.05%. Napco Security Technologies’s dividend payout ratio is presently 31.75%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NSSC shares. TD Cowen began coverage on Napco Security Technologies in a research note on Tuesday, May 28th. They issued a “buy” rating and a $60.00 target price on the stock. Needham & Company LLC boosted their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday. DA Davidson upped their target price on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday. Craig Hallum reissued a “buy” rating and issued a $65.00 price target (up previously from $50.00) on shares of Napco Security Technologies in a report on Friday, May 24th. Finally, Lake Street Capital raised their price objective on Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.29.

Insider Activity

In other news, SVP Stephen M. Spinelli sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.13, for a total transaction of $156,390.00. Following the transaction, the senior vice president now directly owns 24,928 shares in the company, valued at approximately $1,299,496.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.54% of the stock is currently owned by insiders.

Napco Security Technologies Company Profile

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.