NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Stock Now Rated “Moderate Buy” by Wall Street Analysts

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $50.50.

Several research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $49.00 price objective on shares of NAPCO Security Technologies in a report on Friday, August 21st. Weiss Ratings upgraded NAPCO Security Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Benchmark reaffirmed a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. DA Davidson set a $52.00 price target on NAPCO Security Technologies in a research report on Tuesday, August 25th. Finally, Wall Street Zen lowered NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th.

NAPCO Security Technologies Stock Up 2.8%

Shares of NASDAQ NSSC opened at $36.14 on Monday. The stock has a market cap of $1.29 billion, a P/E ratio of 29.87 and a beta of 1.51. The firm’s 50-day simple moving average is $36.92 and its 200 day simple moving average is $38.20. NAPCO Security Technologies has a fifty-two week low of $33.91 and a fifty-two week high of $51.77.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. The firm had revenue of $55.81 million during the quarter, compared to analyst estimates of $52.51 million. During the same quarter in the prior year, the firm posted $0.33 EPS. NAPCO Security Technologies’s revenue was up 10.1% compared to the same quarter last year. On average, sell-side analysts anticipate that NAPCO Security Technologies will post 1.66 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.9%. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, September 11th. NAPCO Security Technologies’s dividend payout ratio (DPR) is presently 56.20%.

Insider Transactions at NAPCO Security Technologies

In other news, Director Donna Soloway sold 20,962 shares of NAPCO Security Technologies stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $34.62, for a total value of $725,704.44. Following the transaction, the director owned 20,962 shares of the company’s stock, valued at $725,704.44. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Richard Soloway sold 379,529 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the completion of the sale, the chairman owned 621,958 shares in the company, valued at $21,457,551. The trade was a 37.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 523,962 shares of company stock valued at $18,257,168 over the last three months. 5.65% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in NAPCO Security Technologies by 40.3% during the third quarter. GAMMA Investing LLC now owns 1,345 shares of the industrial products company’s stock valued at $48,000 after buying an additional 386 shares during the period. Quantinno Capital Management LP boosted its position in NAPCO Security Technologies by 3.2% during the 1st quarter. Quantinno Capital Management LP now owns 19,464 shares of the industrial products company’s stock worth $767,000 after acquiring an additional 596 shares during the period. KBC Group NV purchased a new position in NAPCO Security Technologies during the 1st quarter valued at about $26,000. Lazard Asset Management LLC grew its stake 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 acquiring an additional 841 shares in the last quarter. Finally, SkyOak Wealth LLC increased its holdings in shares of NAPCO Security Technologies by 14.2% in the 2nd quarter. SkyOak Wealth LLC now owns 7,036 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 874 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc develops, manufactures and sells security products and solutions for commercial, institutional, industrial, residential and government customers. Its offerings include intrusion alarm systems, fire alarm systems, access control systems, electronic locking products and related software and communications technologies.

The company markets products under brands that include NAPCO, Gemini, StarLink, Alarm Lock, Marks and Continental Instruments. Its portfolio also includes wireless and cellular alarm communicators, cloud-based security and access management solutions, video and surveillance-related products, and school security technologies.

Founded in 1969 and headquartered in Amityville, New York, NAPCO serves customers through security dealers, distributors and other channels in the United States and international markets.