Analysts Set NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Target Price at $48.67

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $48.6667.

NSSC has been the topic of a number of recent analyst reports. TD Cowen restated a “buy” rating and set a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. DA Davidson restated a “buy” rating and issued a $52.00 price target on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Needham & Company LLC reiterated a “buy” rating and issued a $49.00 target price (up from $47.00) on shares of NAPCO Security Technologies in a report on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Monday, April 27th.

NAPCO Security Technologies Trading Down 4.8%

Shares of NAPCO Security Technologies stock opened at $38.29 on Friday. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 36.82 and a beta of 1.54. The firm’s 50-day moving average price is $42.57 and its two-hundred day moving average price is $42.08. NAPCO Security Technologies has a 1-year low of $26.44 and a 1-year high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data 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. The firm had revenue of $49.17 million during the quarter, compared to analysts’ expectations of $49.26 million. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. As a group, equities research analysts predict that NAPCO Security Technologies will post 1.48 EPS for the current year.

NAPCO Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Friday, June 12th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, June 12th. NAPCO Security Technologies’s dividend payout ratio (DPR) is 57.69%.

Insiders Place Their Bets

In other news, CEO Richard Soloway sold 129,682 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the completion of the sale, the chief executive officer owned 1,152,276 shares in the company, valued at $51,840,897.24. This trade represents a 10.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.65% of the stock is currently owned by insiders.

Institutional Trading of NAPCO Security Technologies

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in NAPCO Security Technologies by 2,498.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,612 shares of the industrial products company’s stock valued at $221,000 after acquiring an additional 5,396 shares during the period. Dimensional Fund Advisors LP raised its position in shares of NAPCO Security Technologies by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 702,852 shares of the industrial products company’s stock valued at $27,683,000 after purchasing an additional 31,609 shares during the period. KBC Group NV purchased a new stake in shares of NAPCO Security Technologies during the 1st quarter valued at approximately $26,000. Copeland Capital Management LLC boosted its holdings in NAPCO Security Technologies by 41.4% in the 1st quarter. Copeland Capital Management LLC now owns 2,009,089 shares of the industrial products company’s stock worth $79,138,000 after buying an additional 588,297 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new stake in NAPCO Security Technologies during the 1st quarter valued at $543,000. 85.07% of the stock is currently owned by institutional investors.

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.