Napco Security Technologies (NASDAQ:NSSC) Price Target Increased to $34.00 by Analysts at Needham & Company LLC

Napco Security Technologies (NASDAQ:NSSC) had its price target hoisted by Needham & Company LLC from $32.00 to $34.00 in a report released on Friday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the industrial products company’s stock.

A number of other equities analysts have also recently issued reports on NSSC. B. Riley decreased their target price on Napco Security Technologies from $24.00 to $20.00 and set a neutral rating on the stock in a report on Thursday, October 26th. Craig Hallum lowered their price target on Napco Security Technologies from $40.00 to $30.00 and set a buy rating on the stock in a report on Wednesday, August 30th. William Blair downgraded Napco Security Technologies from an outperform rating to a market perform rating in a report on Monday, August 21st. Lake Street Capital lowered their price target on Napco Security Technologies from $30.00 to $27.00 and set a hold rating on the stock in a report on Wednesday, August 30th. Finally, StockNews.com initiated coverage on Napco Security Technologies in a report on Thursday, October 5th. They set a hold rating on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $27.75.

Napco Security Technologies Stock Performance

Shares of NASDAQ:NSSC opened at $28.97 on Friday. Napco Security Technologies has a one year low of $17.76 and a one year high of $41.25. The business’s 50-day simple moving average is $22.32 and its 200 day simple moving average is $29.91. The company has a market cap of $1.07 billion, a P/E ratio of 26.82 and a beta of 1.21.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, November 6th. The industrial products company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. The company had revenue of $41.68 million during the quarter, compared to analyst estimates of $41.93 million. Napco Security Technologies had a return on equity of 29.80% and a net margin of 23.42%. During the same quarter last year, the firm earned $0.17 EPS. Analysts predict that Napco Security Technologies will post 1.12 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.32 annualized dividend and a yield of 1.10%. Napco Security Technologies’s dividend payout ratio is presently 29.63%.

Institutional Trading of Napco Security Technologies

Institutional investors have recently modified their holdings of the company. Advisor Group Holdings Inc. increased its position in shares of Napco Security Technologies by 190.5% in the first quarter. Advisor Group Holdings Inc. now owns 13,579 shares of the industrial products company’s stock valued at $279,000 after acquiring an additional 8,905 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Napco Security Technologies by 69.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,500 shares of the industrial products company’s stock valued at $298,000 after acquiring an additional 5,920 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Napco Security Technologies by 104.2% in the first quarter. Bank of New York Mellon Corp now owns 110,014 shares of the industrial products company’s stock valued at $2,258,000 after acquiring an additional 56,142 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Napco Security Technologies by 95.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,628 shares of the industrial products company’s stock valued at $505,000 after acquiring an additional 12,014 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Napco Security Technologies by 2.9% in the first quarter. HighTower Advisors LLC now owns 66,210 shares of the industrial products company’s stock valued at $1,360,000 after acquiring an additional 1,884 shares during the last quarter. 87.65% of the stock is currently owned by institutional investors.

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.