NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $47.8333.

Several equities research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a report on Wednesday, January 28th. Needham & Company LLC reissued a “buy” rating and issued a $49.00 price objective (up from $47.00) on shares of NAPCO Security Technologies in a report on Monday, February 2nd. Finally, DA Davidson reiterated a “buy” rating and set a $50.00 target price on shares of NAPCO Security Technologies in a research report on Tuesday, February 3rd.

Insider Activity at NAPCO Security Technologies

In other news, CEO Richard Soloway sold 150,000 shares of the company’s 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 owned 1,256,010 shares of the company’s stock, valued at $53,681,867.40. This represents a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.65% of the stock is owned by insiders.

Hedge Funds Weigh In On NAPCO Security Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of NSSC. Cornerstone Planning Group LLC purchased a new position in shares of NAPCO Security Technologies in the 3rd quarter worth $25,000. Maseco LLP bought a new position in shares of NAPCO Security Technologies during the fourth quarter valued at approximately $25,000. IFP Advisors Inc grew its position in NAPCO Security Technologies by 193.3% in 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 last quarter. Exchange Traded Concepts LLC purchased a new position in NAPCO Security Technologies in the 3rd quarter worth about $26,000. Finally, State of Wyoming purchased a new position in shares of NAPCO Security Technologies during the third quarter worth approximately $41,000. Institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Trading Down 2.4%

Shares of NSSC opened at $42.56 on Thursday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 32.00 and a beta of 1.45. The business’s fifty day simple moving average is $42.24 and its two-hundred day simple moving average is $42.01. NAPCO Security Technologies has a 12 month low of $19.00 and a 12 month high of $48.12.

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

NAPCO Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, March 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.60 annualized dividend and a yield of 1.4%. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. NAPCO Security Technologies’s payout ratio is currently 45.11%.

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.