NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Announces $0.14 Quarterly Dividend

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) declared a quarterly dividend on Thursday, October 30th. Investors of record on Friday, December 12th will be paid a dividend of 0.14 per share by the industrial products company on Friday, January 2nd. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, December 12th.

NAPCO Security Technologies has a dividend payout ratio of 47.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NAPCO Security Technologies to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 38.6%.

NAPCO Security Technologies Price Performance

NASDAQ NSSC opened at $41.43 on Wednesday. The business has a fifty day moving average price of $41.95 and a two-hundred day moving average price of $36.10. The stock has a market capitalization of $1.48 billion, a PE ratio of 33.68 and a beta of 1.47. NAPCO Security Technologies has a fifty-two week low of $19.00 and a fifty-two week high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, November 3rd. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. NAPCO Security Technologies had a return on equity of 26.09% and a net margin of 23.76%.The company had revenue of $49.17 million during the quarter, compared to analysts’ expectations of $46.81 million. During the same quarter in the previous year, the firm earned $0.29 EPS. NAPCO Security Technologies’s revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts expect that NAPCO Security Technologies will post 1.24 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on NSSC shares. Mizuho set a $48.00 target price on shares of NAPCO Security Technologies and gave the company an “outperform” rating in a research report on Friday, October 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Friday, October 31st. Zacks Research downgraded NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. DA Davidson set a $50.00 target price on NAPCO Security Technologies and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Craig Hallum upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, August 26th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $47.50.

About NAPCO Security Technologies

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.