NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Declares Dividend Increase – $0.15 Per Share

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) declared a quarterly dividend on Monday, February 2nd. Shareholders of record on Thursday, March 12th will be paid a dividend of 0.15 per share by the industrial products company on Friday, April 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, March 12th. This is a 7.1% increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14.

NAPCO Security Technologies has a dividend payout ratio of 47.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect NAPCO Security Technologies to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 38.6%.

NAPCO Security Technologies Trading Up 11.2%

NASDAQ NSSC opened at $41.02 on Tuesday. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 33.35 and a beta of 1.51. The company has a 50 day moving average of $40.83 and a 200-day moving average of $39.33. NAPCO Security Technologies has a 1-year low of $19.00 and a 1-year high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. The firm had revenue of $48.17 million for the quarter, compared to analyst estimates of $47.82 million. NAPCO Security Technologies had a return on equity of 26.09% and a net margin of 23.76%.The company’s revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS. On average, equities research analysts forecast that NAPCO Security Technologies will post 1.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NSSC shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 price target (up previously from $47.00) on shares of NAPCO Security Technologies in a research note on Monday. Zacks Research cut shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Lake Street Capital reaffirmed a “buy” rating and set a $50.00 price target (up previously from $39.00) on shares of NAPCO Security Technologies in a report on Friday, October 10th. TD Cowen raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. Finally, Mizuho set a $48.00 price objective on shares of NAPCO Security Technologies and gave the company an “outperform” rating in a research report on Friday, October 17th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, NAPCO Security Technologies has a consensus rating of “Moderate Buy” and an average price target of $47.83.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.