NAPCO Security Technologies (NASDAQ:NSSC) Stock Rated Buy in New Coverage at TD Cowen

TD Cowen assumed coverage on shares of NAPCO Security Technologies (NASDAQ:NSSC) in a report published on Tuesday, MarketBeat reports. The firm issued a buy rating and a $45.00 price target on the industrial products company’s stock.

A number of other analysts have also commented on NSSC. Benchmark reissued a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. Weiss Ratings raised NAPCO Security Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. DA Davidson set a $52.00 price objective on NAPCO Security Technologies in a research note on Tuesday, August 25th. Finally, Needham & Company LLC dropped their price objective on shares of NAPCO Security Technologies from $49.00 to $43.00 and set a “buy” rating for the company in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.50.

NAPCO Security Technologies Stock Down 5.5%

Shares of NSSC stock opened at $29.99 on Tuesday. The firm has a market capitalization of $1.07 billion, a P/E ratio of 24.38 and a beta of 1.49. NAPCO Security Technologies has a twelve month low of $29.36 and a twelve month high of $51.77. The stock’s fifty day simple moving average is $36.07 and its 200 day simple moving average is $38.95.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, November 2nd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The firm had revenue of $49.98 million during the quarter, compared to analyst estimates of $52.05 million. NAPCO Security Technologies had a return on equity of 30.46% and a net margin of 21.60%. NAPCO Security Technologies’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. As a group, equities research analysts expect that NAPCO Security Technologies will post 1.64 EPS for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Monday, December 14th will be given a $0.17 dividend. The ex-dividend date is Monday, December 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.3%. NAPCO Security Technologies’s payout ratio is 56.20%.

Insiders Place Their Bets

In related news, Chairman Richard Soloway sold 379,529 shares of NAPCO Security Technologies stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the completion of the transaction, the chairman owned 621,958 shares of the company’s stock, valued at $21,457,551. This trade represents a 37.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna Soloway sold 20,962 shares of NAPCO Security Technologies stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $34.62, for a total transaction of $725,704.44. Following the transaction, the director directly owned 20,962 shares of the company’s stock, valued at $725,704.44. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 523,962 shares of company stock worth $18,257,168. Insiders own 5.65% of the company’s stock.

Institutional Trading of NAPCO Security Technologies

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of NAPCO Security Technologies during the 2nd quarter valued at $213,928,000. Copeland Capital Management LLC boosted its stake in NAPCO Security Technologies by 3.2% during the third quarter. Copeland Capital Management LLC now owns 2,081,286 shares of the industrial products company’s stock worth $74,135,000 after acquiring an additional 64,413 shares in the last quarter. Jupiter Topco LLC acquired a new stake in NAPCO Security Technologies in the second quarter worth $63,855,000. Wellington Management Group LLP grew its holdings in NAPCO Security Technologies by 18.6% in the second quarter. Wellington Management Group LLP now owns 1,102,280 shares of the industrial products company’s stock worth $41,865,000 after purchasing an additional 172,681 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in 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 worth $27,683,000 after purchasing an additional 31,609 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc develops, manufactures and sells electronic security products and solutions for commercial, institutional, industrial and residential applications. Its offerings include intrusion alarm systems, access control systems, fire alarm products, locking systems and related communications technologies.

The company markets products under brands that include NAPCO, StarLink, Alarm Lock, Continental Instruments and Firewolf. Its solutions are designed to support security dealers, alarm monitoring providers, systems integrators and other professional-channel customers, including applications in schools, healthcare facilities, businesses and government buildings.

Founded in 1969, NAPCO is headquartered in Amityville, New York.