Brokerages Set NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Target Price at $47.50

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $47.50.

Several analysts have recently commented on NSSC shares. TD Cowen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $43.00 to $50.00 in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Friday, October 31st. Zacks Research downgraded shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Lake Street Capital reaffirmed a “buy” rating and set a $50.00 price objective (up previously from $39.00) on shares of NAPCO Security Technologies in a research report on Friday, October 10th. Finally, DA Davidson set a $50.00 target price on NAPCO Security Technologies and gave the company a “buy” rating in a research report on Wednesday, September 24th.

Insider Buying and Selling

In other news, SVP Stephen M. Spinelli sold 19,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $40.25, for a total transaction of $764,750.00. Following the sale, the senior vice president owned 928 shares of the company’s stock, valued at approximately $37,352. This represents a 95.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.65% of the stock is owned by corporate insiders.

Institutional Trading of NAPCO Security Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Personal CFO Solutions LLC raised its holdings in NAPCO Security Technologies by 3.2% during the third quarter. Personal CFO Solutions LLC now owns 8,031 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 246 shares in the last quarter. IFP Advisors Inc grew its position in shares of NAPCO Security Technologies by 193.3% in the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock valued at $25,000 after buying an additional 377 shares during the last quarter. Legal & General Group Plc grew its position in shares of NAPCO Security Technologies by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 43,937 shares of the industrial products company’s stock valued at $1,887,000 after buying an additional 430 shares during the last quarter. Alliancebernstein L.P. raised its stake in NAPCO Security Technologies by 1.3% during the 3rd quarter. Alliancebernstein L.P. now owns 36,826 shares of the industrial products company’s stock worth $1,582,000 after acquiring an additional 474 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in NAPCO Security Technologies by 49.8% in the second quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 516 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

NAPCO Security Technologies Stock Performance

Shares of NSSC opened at $41.30 on Friday. The stock has a 50 day moving average price of $41.55 and a 200 day moving average price of $37.95. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 33.58 and a beta of 1.52. NAPCO Security Technologies has a one year low of $19.00 and a one year 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $49.17 million during the quarter, compared to analyst estimates of $46.81 million. NAPCO Security Technologies had a return on equity of 26.09% and a net margin of 23.76%.The business’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. On average, analysts predict that NAPCO Security Technologies will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, December 12th. NAPCO Security Technologies’s payout ratio is currently 45.53%.

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.