NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Receives $50.40 Average Price Target from Brokerages

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $50.40.

A number of equities analysts recently commented on the stock. Benchmark reissued a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. Weiss Ratings restated a “hold (c)” rating on shares of NAPCO Security Technologies in a report on Friday, August 7th. DA Davidson set a $52.00 price target on NAPCO Security Technologies in a research report on Tuesday, August 25th. Wall Street Zen cut NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $49.00 price objective on shares of NAPCO Security Technologies in a research report on Friday, August 21st.

Insider Transactions at NAPCO Security Technologies

In other NAPCO Security Technologies news, Director Donna Soloway sold 28,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $35.98, for a total value of $1,007,440.00. Following the completion of the sale, the director owned 20,962 shares in the company, valued at approximately $754,212.76. This trade represents a 57.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Richard Soloway sold 379,529 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $34.50, for a total value of $13,093,750.50. Following the transaction, the chairman directly owned 621,958 shares in the company, valued at $21,457,551. This trade represents a 37.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 523,962 shares of company stock worth $18,257,168 in the last 90 days. Corporate insiders own 5.65% of the company’s stock.

Institutional Investors Weigh In On NAPCO Security Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC increased its stake in shares of NAPCO Security Technologies by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 6,313 shares of the industrial products company’s stock worth $263,000 after acquiring an additional 407 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of NAPCO Security Technologies by 3.2% in the 1st quarter. Quantinno Capital Management LP now owns 19,464 shares of the industrial products company’s stock worth $767,000 after buying an additional 596 shares during the last quarter. KBC Group NV bought a new position in NAPCO Security Technologies during the 1st quarter valued at approximately $26,000. Lazard Asset Management LLC increased its position in NAPCO Security Technologies by 6.2% during the 1st quarter. Lazard Asset Management LLC now owns 14,312 shares of the industrial products company’s stock valued at $564,000 after buying an additional 841 shares in the last quarter. Finally, SkyOak Wealth LLC raised its stake in NAPCO Security Technologies by 14.2% during the second quarter. SkyOak Wealth LLC now owns 7,036 shares of the industrial products company’s stock valued at $267,000 after buying an additional 874 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

NAPCO Security Technologies Trading Down 1.1%

NSSC opened at $35.86 on Thursday. The stock has a market capitalization of $1.28 billion, a P/E ratio of 29.64 and a beta of 1.43. The stock has a 50-day moving average price of $37.12 and a 200-day moving average price of $39.17. NAPCO Security Technologies has a 12-month low of $33.91 and a 12-month high of $51.77.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The business had revenue of $55.81 million for the quarter, compared to analysts’ expectations of $52.51 million. NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $0.33 earnings per share. On average, equities research analysts predict that NAPCO Security Technologies will post 1.66 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, September 11th. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.9%. NAPCO Security Technologies’s payout ratio is presently 56.20%.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc is a security products and solutions company that designs, develops, manufactures and sells equipment for residential, commercial, institutional and industrial applications. The company’s offerings address intrusion detection, fire and life safety, access control, locking and school security needs.

Its product portfolio includes security alarm systems, control panels, sensors, alarm communications equipment, access-control systems, electronic locks and related software and services.