Analysts Set Napco Security Technologies, Inc. (NASDAQ:NSSC) Target Price at $33.60

Napco Security Technologies, Inc. (NASDAQ:NSSC) has been given an average rating of “Hold” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $33.60.

Several analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $46.00 target price on shares of Napco Security Technologies in a research report on Friday, April 12th. Imperial Capital downgraded shares of Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 target price for the company. in a report on Tuesday, February 6th. Finally, StockNews.com downgraded Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th.

Insiders Place Their Bets

In other news, CEO Richard Soloway sold 50,000 shares of Napco Security Technologies stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,010 shares of the company’s stock, valued at approximately $67,482,407.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Kevin S. Buchel sold 10,000 shares of Napco Security Technologies stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $44.80, for a total value of $448,000.00. Following the sale, the chief financial officer now directly owns 112,739 shares in the company, valued at approximately $5,050,707.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard Soloway sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $40.75, for a total value of $2,037,500.00. Following the sale, the chief executive officer now owns 1,656,010 shares of the company’s stock, valued at $67,482,407.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,200 shares of company stock worth $3,987,644. Corporate insiders own 11.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Arcadia Investment Management Corp MI increased its holdings in shares of Napco Security Technologies by 48.6% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 459 shares during the last quarter. Allworth Financial LP grew its holdings in Napco Security Technologies by 19.9% in the 4th quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company’s stock valued at $114,000 after buying an additional 550 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Napco Security Technologies by 332.9% in the 4th quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 566 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Napco Security Technologies by 4.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,473 shares of the industrial products company’s stock worth $496,000 after acquiring an additional 603 shares during the period. Finally, RiverPark Advisors LLC boosted its position in shares of Napco Security Technologies by 80.1% during the 4th quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 743 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Napco Security Technologies Trading Up 3.5 %

Shares of NASDAQ NSSC opened at $41.41 on Thursday. Napco Security Technologies has a 12-month low of $17.76 and a 12-month high of $46.26. The firm’s 50-day moving average price is $41.31 and its 200-day moving average price is $34.00. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 34.80 and a beta of 1.55.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The business had revenue of $47.50 million for the quarter, compared to the consensus estimate of $43.92 million. During the same period in the prior year, the business posted $0.23 earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities analysts predict that Napco Security Technologies will post 1.3 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were paid a $0.10 dividend. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, February 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.97%. Napco Security Technologies’s dividend payout ratio is presently 33.61%.

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.