Napco Security Technologies, Inc. (NASDAQ:NSSC) Given Average Recommendation of “Hold” by Brokerages

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $33.60.

NSSC has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and issued a $46.00 target price on shares of Napco Security Technologies in a research note on Friday, April 12th. Imperial Capital downgraded 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, StockNews.com downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th.

Napco Security Technologies Price Performance

NASDAQ:NSSC opened at $39.01 on Thursday. Napco Security Technologies has a one year low of $17.76 and a one year high of $46.26. The company has a market cap of $1.43 billion, a PE ratio of 32.78 and a beta of 1.55. The firm has a 50-day moving average of $41.63 and a 200-day moving average of $33.54.

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

Napco Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were given a $0.10 dividend. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Thursday, February 29th. Napco Security Technologies’s dividend payout ratio (DPR) is 33.61%.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies news, CEO Richard Soloway sold 28,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $45.12, for a total value of $1,263,360.00. Following the completion of the transaction, the chief executive officer now directly owns 3,706,010 shares of the company’s stock, valued at approximately $167,215,171.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Kevin S. Buchel sold 10,000 shares of the company’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 value of $448,000.00. Following the transaction, the chief financial officer now directly owns 112,739 shares in the company, valued at $5,050,707.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Richard Soloway sold 28,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $45.12, for a total transaction of $1,263,360.00. Following the completion of the transaction, the chief executive officer now directly owns 3,706,010 shares of the company’s stock, valued at approximately $167,215,171.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,200 shares of company stock valued at $3,987,644. Corporate insiders own 11.54% of the company’s stock.

Institutional Investors Weigh In On Napco Security Technologies

A number of institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Napco Security Technologies by 2.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 17,012 shares of the industrial products company’s stock worth $583,000 after purchasing an additional 349 shares during the period. Jane Street Group LLC grew its position in shares of Napco Security Technologies by 4.0% in the 4th quarter. Jane Street Group LLC now owns 11,926 shares of the industrial products company’s stock worth $328,000 after buying an additional 458 shares during the last quarter. Arcadia Investment Management Corp MI increased its stake in shares of Napco Security Technologies by 48.6% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock valued at $48,000 after buying an additional 459 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Napco Security Technologies by 137.5% during the first quarter. Tower Research Capital LLC TRC now owns 862 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 499 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Napco Security Technologies by 19.9% in the fourth quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 550 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

About Napco Security Technologies

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.