NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Two 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 brokers that have issued a report on the stock in the last year is $47.50.

A number of equities analysts have recently issued reports on the company. Mizuho set a $48.00 target price on NAPCO Security Technologies and gave the stock an “outperform” rating in a research note on Friday, October 17th. TD Cowen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 4th. Lake Street Capital reiterated a “buy” rating and issued a $50.00 price objective (up previously from $39.00) on shares of NAPCO Security Technologies in a research report on Friday, October 10th. Zacks Research lowered shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Friday, October 31st.

NAPCO Security Technologies Stock Performance

Shares of NSSC opened at $38.48 on Wednesday. The stock has a market capitalization of $1.37 billion, a P/E ratio of 31.28 and a beta of 1.52. NAPCO Security Technologies has a 1 year low of $19.00 and a 1 year high of $48.12. The company’s fifty day moving average is $40.83 and its two-hundred day moving average is $39.10.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, November 3rd. The industrial products company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $49.17 million for the quarter, compared to the consensus estimate of $46.81 million. NAPCO Security Technologies had a net margin of 23.76% and a return on equity of 26.09%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Sell-side analysts predict that NAPCO Security Technologies will post 1.24 EPS for the current year.

NAPCO Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. NAPCO Security Technologies’s dividend payout ratio (DPR) is 45.53%.

Insider Activity

In other news, SVP Stephen M. Spinelli sold 19,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $40.25, for a total transaction of $764,750.00. Following the sale, the senior vice president owned 928 shares of the company’s stock, valued at $37,352. The trade was a 95.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.65% of the company’s stock.

Hedge Funds Weigh In On NAPCO Security Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of NSSC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in NAPCO Security Technologies by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock valued at $481,000 after purchasing an additional 885 shares during the last quarter. Millennium Management LLC boosted its position in shares of NAPCO Security Technologies by 62.4% in the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after buying an additional 295,755 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in NAPCO Security Technologies by 75.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after acquiring an additional 254,007 shares during the last quarter. Jane Street Group LLC grew its stake in NAPCO Security Technologies by 351.7% in the 1st quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock valued at $2,261,000 after acquiring an additional 76,478 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in NAPCO Security Technologies during the 1st quarter valued at about $91,000. 85.07% of the stock is owned by institutional investors and hedge funds.

About NAPCO Security Technologies

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.