NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Stock Has Average Price Target of $51.33

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $46.50.

Several brokerages recently issued reports on NSSC. TD Cowen started coverage on shares of NAPCO Security Technologies in a report on Tuesday. They set a “buy” rating and a $45.00 target price for the company. Weiss Ratings lowered shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Needham & Company LLC lowered their price target on shares of NAPCO Security Technologies from $49.00 to $43.00 and set a “buy” rating on the stock in a report on Monday. Lake Street Capital cut their price target on NAPCO Security Technologies from $50.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Benchmark reiterated a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th.

NAPCO Security Technologies Trading Down 5.5%

NSSC opened at $29.99 on Friday. NAPCO Security Technologies has a 12-month low of $29.36 and a 12-month high of $51.77. The firm has a 50 day moving average of $36.07 and a two-hundred day moving average of $38.95. The firm has a market capitalization of $1.07 billion, a PE ratio of 24.38 and a beta of 1.49.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, November 2nd. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). The business had revenue of $49.98 million during the quarter, compared to analysts’ expectations of $52.05 million. NAPCO Security Technologies had a net margin of 21.60% and a return on equity of 30.46%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. As a group, analysts predict that NAPCO Security Technologies will post 1.64 EPS for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Monday, December 14th will be paid a $0.17 dividend. The ex-dividend date is Monday, December 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.3%. NAPCO Security Technologies’s dividend payout ratio is presently 56.20%.

Insider Activity

In related news, Director Donna Soloway sold 20,962 shares of NAPCO Security Technologies stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $34.62, for a total transaction of $725,704.44. Following the completion of the transaction, the director directly owned 20,962 shares in the company, valued at approximately $725,704.44. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the transaction, the chairman directly owned 621,958 shares of the company’s stock, 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. Over the last ninety days, insiders have sold 523,962 shares of company stock worth $18,257,168. 5.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NAPCO Security Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. KBC Group NV purchased a new position in shares of NAPCO Security Technologies during the 1st quarter valued at approximately $26,000. Sterling Capital Management LLC grew its stake in NAPCO Security Technologies by 844.7% in the 3rd quarter. Sterling Capital Management LLC now owns 1,162 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 1,039 shares during the period. Blue Trust Inc. acquired a new stake in NAPCO Security Technologies in the 1st quarter valued at $44,000. Integrated Wealth Concepts LLC purchased a new stake in NAPCO Security Technologies in the 2nd quarter worth $46,000. Finally, Signaturefd LLC increased its holdings in NAPCO Security Technologies by 225.9% in the 3rd quarter. Signaturefd LLC now owns 1,310 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 908 shares in the last quarter. 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 electronic security products and solutions for commercial, institutional, industrial and residential applications. Its offerings include intrusion alarm systems, access control systems, fire alarm products, locking systems and related communications technologies.

The company markets products under brands that include NAPCO, StarLink, Alarm Lock, Continental Instruments and Firewolf. Its solutions are designed to support security dealers, alarm monitoring providers, systems integrators and other professional-channel customers, including applications in schools, healthcare facilities, businesses and government buildings.

Founded in 1969, NAPCO is headquartered in Amityville, New York.