Napco Security Technologies (NASDAQ:NSSC) Rating Reiterated by Craig Hallum

Craig Hallum reissued their buy rating on shares of Napco Security Technologies (NASDAQ:NSSC) in a research note released on Friday, MarketBeat reports. They currently have a $65.00 target price on the industrial products company’s stock, up from their prior target price of $50.00.

Several other research analysts have also recently commented on the company. Imperial Capital cut Napco Security Technologies from an outperform rating to an in-line rating and set a $45.00 target price for the company. in a research report on Tuesday, February 6th. DA Davidson assumed coverage on Napco Security Technologies in a report on Friday, April 26th. They set a buy rating and a $52.00 price objective on the stock. Needham & Company LLC lifted their target price on Napco Security Technologies from $46.00 to $52.00 and gave the company a buy rating in a research report on Tuesday, May 7th. StockNews.com lowered Napco Security Technologies from a buy rating to a hold rating in a report on Tuesday, February 13th. Finally, 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 research report on Tuesday, May 7th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $47.67.

Napco Security Technologies Stock Up 3.4 %

NSSC stock traded up $1.63 during trading on Friday, hitting $50.26. 633,147 shares of the company’s stock traded hands, compared to its average volume of 483,746. The stock has a fifty day moving average price of $42.08 and a two-hundred day moving average price of $37.90. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 39.89 and a beta of 1.51. Napco Security Technologies has a 52 week low of $17.76 and a 52 week high of $50.85.

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

Napco Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.80%. Napco Security Technologies’s dividend payout ratio is presently 31.75%.

Insider Buying and Selling at Napco Security Technologies

In related news, CEO Richard Soloway sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $40.75, for a total value of $2,037,500.00. Following the completion of the transaction, the chief executive officer now owns 1,656,010 shares of the company’s stock, valued at $67,482,407.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.54% of the company’s stock.

Institutional Investors Weigh In On Napco Security Technologies

Several hedge funds have recently modified their holdings of NSSC. Quadrant Capital Group LLC raised its holdings in Napco Security Technologies by 332.9% in the 4th quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 566 shares during the last quarter. Hollencrest Capital Management purchased a new stake in shares of Napco Security Technologies in the first quarter valued at about $27,000. Whittier Trust Co. acquired a new position in Napco Security Technologies during the first quarter worth about $28,000. EntryPoint Capital LLC acquired a new stake in shares of Napco Security Technologies in the first quarter valued at approximately $46,000. Finally, Arcadia Investment Management Corp MI raised its stake in Napco Security Technologies by 48.6% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 459 shares during the period. 85.07% of the stock is owned by hedge funds and other institutional investors.

About Napco Security Technologies

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.