NAPCO Security Technologies (NASDAQ:NSSC) Sets New 1-Year High on Strong Earnings

NAPCO Security Technologies, Inc. (NASDAQ:NSSC)’s stock price reached a new 52-week high during mid-day trading on Monday after the company announced better than expected quarterly earnings. The stock traded as high as $45.36 and last traded at $38.7280, with a volume of 2573 shares changing hands. The stock had previously closed at $44.15.

The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The company had revenue of $49.17 million during the quarter, compared to analysts’ expectations of $46.81 million. During the same period last year, the company posted $0.29 EPS. NAPCO Security Technologies’s revenue was up 11.8% on a year-over-year basis.

NAPCO Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, September 12th. NAPCO Security Technologies’s dividend payout ratio (DPR) is currently 47.06%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NSSC. DA Davidson set a $50.00 price target on shares of NAPCO Security Technologies and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Zacks Research upgraded shares of NAPCO Security Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 28th. Mizuho set a $48.00 price target on shares of NAPCO Security Technologies and gave the company an “outperform” rating in a report on Friday, October 17th. Lake Street Capital reissued a “buy” rating and issued a $50.00 target price (up previously from $39.00) on shares of NAPCO Security Technologies in a report on Friday, October 10th. Finally, Needham & Company LLC boosted their price target on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.83.

Institutional Trading of NAPCO Security Technologies

Several hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new stake in shares of NAPCO Security Technologies during the third quarter valued at about $408,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of NAPCO Security Technologies during the third quarter valued at about $249,000. Vest Financial LLC purchased a new stake in shares of NAPCO Security Technologies during the third quarter valued at about $1,612,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of NAPCO Security Technologies by 5.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,113 shares of the industrial products company’s stock valued at $522,000 after buying an additional 670 shares during the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new stake in shares of NAPCO Security Technologies during the third quarter valued at about $425,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

NAPCO Security Technologies Trading Down 14.3%

The stock has a market capitalization of $1.35 billion, a PE ratio of 31.75 and a beta of 1.52. The company’s 50-day moving average is $41.94 and its 200 day moving average is $33.11.

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.