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

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $48.6667.

A number of brokerages have recently weighed in on NSSC. Weiss Ratings downgraded shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. TD Cowen reissued a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. DA Davidson restated a “buy” rating and set a $52.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Finally, Wall Street Zen cut NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th.

NAPCO Security Technologies Stock Up 0.4%

NSSC opened at $36.18 on Wednesday. NAPCO Security Technologies has a twelve month low of $29.27 and a twelve month high of $48.12. The company has a 50-day simple moving average of $36.77 and a 200 day simple moving average of $40.34. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 34.79 and a beta of 1.44.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%. The firm had revenue of $49.17 million for the quarter, compared to the consensus estimate of $49.26 million. During the same period in the prior year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Sell-side analysts anticipate that NAPCO Security Technologies will post 1.48 EPS for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, June 12th were paid a $0.15 dividend. The ex-dividend date was Friday, June 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. NAPCO Security Technologies’s dividend payout ratio (DPR) is presently 57.69%.

Institutional Trading of NAPCO Security Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. boosted its stake in NAPCO Security Technologies by 2.8% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 39,026 shares of the industrial products company’s stock valued at $1,482,000 after buying an additional 1,069 shares in the last quarter. Pacer Advisors Inc. acquired a new position in NAPCO Security Technologies during the first quarter worth about $246,000. Amundi bought a new position in shares of NAPCO Security Technologies in the first quarter worth about $209,000. California State Teachers Retirement System lifted its holdings in shares of NAPCO Security Technologies by 37.4% in the first quarter. California State Teachers Retirement System now owns 48,496 shares of the industrial products company’s stock worth $1,910,000 after acquiring an additional 13,207 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of NAPCO Security Technologies by 3.2% in the first quarter. Quantinno Capital Management LP now owns 19,464 shares of the industrial products company’s stock worth $767,000 after acquiring an additional 596 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

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.