Napco Security Technologies (NASDAQ:NSSC) Now Covered by Analysts at DA Davidson

DA Davidson initiated coverage on shares of Napco Security Technologies (NASDAQ:NSSC) in a research note published on Friday morning, Marketbeat reports. The firm issued a buy rating and a $52.00 price target on the industrial products company’s stock.

Several other equities research analysts have also weighed in on the stock. StockNews.com lowered shares of Napco Security Technologies from a buy rating to a hold rating in a report on Tuesday, February 13th. Imperial Capital lowered shares of Napco Security Technologies from an outperform rating to an in-line rating and set a $45.00 price objective on the stock. in a report on Tuesday, February 6th. Finally, Needham & Company LLC reissued a buy rating and set a $46.00 price objective on shares of Napco Security Technologies in a report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $36.67.

Napco Security Technologies Stock Performance

NSSC opened at $43.12 on Friday. The firm’s 50-day simple moving average is $41.23 and its 200-day simple moving average is $34.78. Napco Security Technologies has a twelve month low of $17.76 and a twelve month high of $46.26. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 36.24 and a beta of 1.55.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, February 5th. The industrial products company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The business had revenue of $47.50 million for the quarter, compared to analyst estimates of $43.92 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Napco Security Technologies will post 1.3 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.93%. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, February 29th. Napco Security Technologies’s dividend payout ratio (DPR) is currently 33.61%.

Insider Activity at Napco Security Technologies

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

Institutional Trading of Napco Security Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Napco Security Technologies by 5.3% in the third quarter. Vanguard Group Inc. now owns 2,399,096 shares of the industrial products company’s stock valued at $53,380,000 after buying an additional 120,842 shares in the last quarter. FMR LLC grew its stake in shares of Napco Security Technologies by 29.0% in the third quarter. FMR LLC now owns 1,577,159 shares of the industrial products company’s stock valued at $35,092,000 after buying an additional 354,579 shares in the last quarter. GW&K Investment Management LLC grew its stake in shares of Napco Security Technologies by 3.6% in the fourth quarter. GW&K Investment Management LLC now owns 1,149,474 shares of the industrial products company’s stock valued at $39,369,000 after buying an additional 40,166 shares in the last quarter. abrdn plc grew its stake in shares of Napco Security Technologies by 49.3% in the fourth quarter. abrdn plc now owns 883,726 shares of the industrial products company’s stock valued at $30,268,000 after buying an additional 291,920 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of Napco Security Technologies by 26.7% in the third quarter. Handelsbanken Fonder AB now owns 760,000 shares of the industrial products company’s stock valued at $16,910,000 after buying an additional 160,000 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

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.