Brokerages Set NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Target Price at $47.50

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have been assigned an average rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $47.50.

Several brokerages have recently weighed in on NSSC. Zacks Research cut NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. DA Davidson set a $50.00 price objective on shares of NAPCO Security Technologies and gave the company a “buy” rating in a research note on Wednesday, September 24th. TD Cowen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $43.00 to $50.00 in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of NAPCO Security Technologies in a report on Friday, October 31st. Finally, Cowen raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 4th.

NAPCO Security Technologies Stock Performance

Shares of NSSC opened at $40.35 on Friday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 33.91 and a beta of 1.54. The stock has a fifty day moving average of $42.68 and a 200-day moving average of $34.49. NAPCO Security Technologies has a 52 week low of $19.00 and a 52 week high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, November 3rd. The industrial products company reported $0.34 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 for the quarter, compared to analyst estimates of $46.81 million. During the same period in the prior year, the firm posted $0.29 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities analysts forecast that NAPCO Security Technologies will post 1.24 EPS for the current year.

NAPCO Security Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.56 annualized dividend and a dividend yield of 1.4%. NAPCO Security Technologies’s payout ratio is presently 45.53%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NSSC. Personal CFO Solutions LLC raised its position in shares of NAPCO Security Technologies by 3.2% in the third quarter. Personal CFO Solutions LLC now owns 8,031 shares of the industrial products company’s stock worth $345,000 after acquiring an additional 246 shares during the period. Legal & General Group Plc increased its stake in NAPCO Security Technologies by 1.0% in the third quarter. Legal & General Group Plc now owns 43,937 shares of the industrial products company’s stock valued at $1,887,000 after purchasing an additional 430 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in NAPCO Security Technologies by 49.8% in the second quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company’s stock valued at $46,000 after buying an additional 516 shares during the last quarter. Cornerstone Planning Group LLC purchased a new stake in shares of NAPCO Security Technologies during the third quarter worth approximately $25,000. Finally, Exchange Traded Concepts LLC acquired a new position in NAPCO Security Technologies during the 3rd quarter worth approximately $26,000. Institutional investors own 85.07% of the company’s stock.

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.