Napco Security Technologies (NASDAQ:NSSC) Sets New 12-Month High at $47.72

Napco Security Technologies, Inc. (NASDAQ:NSSC) reached a new 52-week high during trading on Monday . The company traded as high as $47.72 and last traded at $47.35, with a volume of 227681 shares traded. The stock had previously closed at $45.50.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NSSC. DA Davidson initiated coverage on Napco Security Technologies in a research report on Friday, April 26th. They set a “buy” rating and a $52.00 price target on the stock. B. Riley increased their price objective on Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Needham & Company LLC increased their price objective on Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. StockNews.com downgraded Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Imperial Capital downgraded Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price objective for the company. in a report on Tuesday, February 6th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $41.83.

Napco Security Technologies Stock Performance

The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 37.67 and a beta of 1.51. The company has a fifty day moving average of $41.53 and a two-hundred day moving average of $37.56.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The business had revenue of $49.30 million during the quarter, compared to analysts’ expectations of $48.16 million. Napco Security Technologies had a return on equity of 30.50% and a net margin of 25.58%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. Equities analysts forecast that Napco Security Technologies, Inc. will post 1.35 EPS for the current year.

Napco Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.40 annualized dividend and a yield of 0.84%. Napco Security Technologies’s payout ratio is currently 31.75%.

Insider Buying and Selling

In other Napco Security Technologies news, CEO Richard Soloway sold 250,000 shares of Napco Security Technologies stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total value of $11,050,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,406,010 shares of the company’s stock, valued at approximately $62,145,642. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Napco Security Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its holdings in shares of Napco Security Technologies by 332.9% during the 4th quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock worth $25,000 after buying an additional 566 shares in the last quarter. Hollencrest Capital Management acquired a new position in shares of Napco Security Technologies during the 1st quarter worth $27,000. Whittier Trust Co. acquired a new position in shares of Napco Security Technologies during the 1st quarter worth $28,000. EntryPoint Capital LLC acquired a new position in shares of Napco Security Technologies during the 1st quarter worth $46,000. Finally, Arcadia Investment Management Corp MI raised its holdings in shares of Napco Security Technologies by 48.6% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock worth $48,000 after buying an additional 459 shares in the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Napco Security Technologies Company Profile

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.