NAPCO Security Technologies (NASDAQ:NSSC) Announces Earnings Results

NAPCO Security Technologies (NASDAQ:NSSC) announced its quarterly earnings results on Monday. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04, RTT News reports. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. During the same period last year, the firm posted $0.29 EPS.

NAPCO Security Technologies Price Performance

NAPCO Security Technologies stock opened at $44.15 on Monday. The firm’s fifty day moving average price is $41.94 and its 200 day moving average price is $33.11. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 37.10 and a beta of 1.52. NAPCO Security Technologies has a 12-month low of $19.00 and a 12-month high of $45.14.

NAPCO Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, September 12th. NAPCO Security Technologies’s dividend payout ratio (DPR) is presently 47.06%.

Hedge Funds Weigh In On NAPCO Security Technologies

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC raised its stake in NAPCO Security Technologies by 62.4% during the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock valued at $17,721,000 after buying an additional 295,755 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of NAPCO Security Technologies by 75.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after acquiring an additional 254,007 shares during the last quarter. Wasatch Advisors LP bought a new stake in shares of NAPCO Security Technologies in the 2nd quarter valued at approximately $6,561,000. Canada Pension Plan Investment Board raised its position in shares of NAPCO Security Technologies by 319.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 246,400 shares of the industrial products company’s stock valued at $7,316,000 after acquiring an additional 187,600 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in NAPCO Security Technologies by 383.6% during the second quarter. Marshall Wace LLP now owns 166,509 shares of the industrial products company’s stock worth $4,944,000 after purchasing an additional 132,075 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NSSC has been the subject of a number of research reports. Needham & Company LLC boosted their price target on NAPCO Security Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Lake Street Capital reissued a “buy” rating and set a $50.00 target price (up previously from $39.00) on shares of NAPCO Security Technologies in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Friday. Zacks Research upgraded shares of NAPCO Security Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 28th. Finally, Wall Street Zen raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.83.

NAPCO Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.