NAPCO Security Technologies, Inc. Declares Quarterly Dividend of $0.15 (NASDAQ:NSSC)

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) announced a quarterly dividend on Monday, May 4th. Investors of record on Friday, June 12th will be given a dividend of 0.15 per share by the industrial products company on Friday, July 3rd. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, June 12th.

NAPCO Security Technologies has a dividend payout ratio of 50.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NAPCO Security Technologies to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 36.4%.

NAPCO Security Technologies Trading Down 15.2%

NSSC stock traded down $7.11 during trading on Monday, hitting $39.61. 1,045,137 shares of the company’s stock were exchanged, compared to its average volume of 564,371. The business has a 50-day moving average price of $43.25 and a two-hundred day moving average price of $42.20. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 29.78 and a beta of 1.55. NAPCO Security Technologies has a 52-week low of $24.13 and a 52-week high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.During the same quarter in the previous year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts anticipate that NAPCO Security Technologies will post 1.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NSSC has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Monday, April 27th. Needham & Company LLC reiterated a “buy” rating and issued a $49.00 price objective (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Finally, DA Davidson reiterated a “buy” rating and issued a $50.00 price objective on shares of NAPCO Security Technologies in a research note on Tuesday, February 3rd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, NAPCO Security Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $47.83.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.