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

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $47.8333.

NSSC has been the topic of several analyst reports. Needham & Company LLC reissued a “buy” rating and set a $49.00 price objective (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. TD Cowen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. Zacks Research lowered NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. DA Davidson reaffirmed a “buy” rating and set a $50.00 price objective on shares of NAPCO Security Technologies in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Wednesday, January 28th.

NAPCO Security Technologies Stock Up 2.0%

NSSC stock opened at $45.86 on Friday. NAPCO Security Technologies has a 52 week low of $19.00 and a 52 week high of $48.12. The firm has a market capitalization of $1.64 billion, a P/E ratio of 34.48 and a beta of 1.51. The company has a fifty day simple moving average of $41.60 and a two-hundred day simple moving average of $40.57.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, February 2nd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $48.17 million for the quarter, compared to analysts’ expectations of $47.82 million. During the same period in the prior year, the company earned $0.28 EPS. The business’s revenue was up 12.4% compared to the same quarter last year. As a group, analysts anticipate 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. Investors of record on Thursday, March 12th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, March 12th. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.14. NAPCO Security Technologies’s payout ratio is currently 42.11%.

Insiders Place Their Bets

In other NAPCO Security Technologies news, CEO Richard Soloway sold 150,000 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $42.74, for a total value of $6,411,000.00. Following the completion of the sale, the chief executive officer owned 1,256,010 shares of the company’s stock, valued at $53,681,867.40. This trade represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.65% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of NAPCO Security Technologies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 2,882,063 shares of the industrial products company’s stock worth $120,182,000 after buying an additional 31,644 shares during the period. Fundsmith LLP increased its stake in NAPCO Security Technologies by 86.4% in the third quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company’s stock worth $76,445,000 after purchasing an additional 824,945 shares during the period. Janus Henderson Group PLC increased its stake in NAPCO Security Technologies by 3.0% in the fourth quarter. Janus Henderson Group PLC now owns 1,569,363 shares of the industrial products company’s stock worth $65,457,000 after purchasing an additional 45,093 shares during the period. Geode Capital Management LLC lifted its position in shares of NAPCO Security Technologies by 1.4% during the second quarter. Geode Capital Management LLC now owns 1,031,547 shares of the industrial products company’s stock worth $30,630,000 after purchasing an additional 14,501 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of NAPCO Security Technologies by 14.4% during the fourth quarter. State Street Corp now owns 896,315 shares of the industrial products company’s stock valued at $37,484,000 after purchasing an additional 112,495 shares during the period. Institutional investors own 85.07% of the company’s stock.

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.