NAPCO Security Technologies (NASDAQ:NSSC) Upgraded at TD Cowen

TD Cowen upgraded shares of NAPCO Security Technologies (NASDAQ:NSSC) from a hold rating to a buy rating in a research note released on Tuesday, Marketbeat reports. The brokerage currently has $50.00 price objective on the industrial products company’s stock, up from their prior price objective of $43.00.

Several other brokerages have also recently weighed in on NSSC. Craig Hallum raised NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, August 26th. Weiss Ratings restated a “hold (c+)” rating on shares of NAPCO Security Technologies in a report on Friday, October 31st. DA Davidson set a $50.00 target price on shares of NAPCO Security Technologies and gave the stock a “buy” rating in a report on Wednesday, September 24th. Needham & Company LLC raised their price target on NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $50.00 price objective (up from $39.00) on shares of NAPCO Security Technologies in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $47.50.

NAPCO Security Technologies Stock Performance

NASDAQ:NSSC opened at $42.81 on Tuesday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 35.97 and a beta of 1.54. The stock’s fifty day moving average price is $42.37 and its two-hundred day moving average price is $33.53. NAPCO Security Technologies has a 52-week low of $19.00 and a 52-week high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, November 3rd. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The company had revenue of $49.17 million during the quarter, compared to the consensus estimate of $46.81 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. On average, equities analysts predict that NAPCO Security Technologies will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, December 12th. NAPCO Security Technologies’s payout ratio is 45.53%.

Institutional Trading of NAPCO Security Technologies

Several hedge funds have recently bought and sold shares of NSSC. First Horizon Advisors Inc. boosted its holdings in shares of NAPCO Security Technologies by 49.8% in the second quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company’s stock valued at $46,000 after buying an additional 516 shares during the period. Cornerstone Planning Group LLC bought a new stake in NAPCO Security Technologies in the 3rd quarter valued at $25,000. Exchange Traded Concepts LLC acquired a new position in NAPCO Security Technologies in the 3rd quarter worth $26,000. Wealth Enhancement Advisory Services LLC increased its holdings in NAPCO Security Technologies by 5.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,113 shares of the industrial products company’s stock worth $522,000 after purchasing an additional 670 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of NAPCO Security Technologies by 227.2% in the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 768 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

About NAPCO Security Technologies

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.