NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• NAPCO Security Technologies has been rated with an average of "Moderate Buy" by eight brokerages, with five analysts giving it a buy recommendation and one a strong buy.
• The company's recent quarterly earnings revealed an EPS of $0.33, surpassing the estimated $0.26, and its revenue increased by 0.8% year-over-year.
• On October 3rd, NAPCO will pay a quarterly dividend of $0.14 per share, reflecting an annualized yield of 1.3% and a payout ratio of 47.06%.

NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) has received an average rating of "Moderate Buy" from the eight brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $38.50.

A number of equities research analysts have recently commented on the stock. Zacks Research raised shares of NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Mizuho assumed coverage on shares of NAPCO Security Technologies in a research note on Thursday, July 10th. They set an "outperform" rating and a $39.00 price objective on the stock. Wall Street Zen raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. DA Davidson set a $50.00 price objective on shares of NAPCO Security Technologies and gave the stock a "buy" rating in a research note on Wednesday. Finally, Needham & Company LLC raised their price objective on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th.

Institutional Investors Weigh In On NAPCO Security Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Doma Perpetual Capital Management LLC lifted its position in shares of NAPCO Security Technologies by 53.4% during the 1st quarter. Doma Perpetual Capital Management LLC now owns 1,175,655 shares of the industrial products company's stock valued at $27,064,000 after buying an additional 409,123 shares in the last quarter. CenterBook Partners LP purchased a new position in shares of NAPCO Security Technologies during the 1st quarter valued at approximately $8,199,000. Wellington Management Group LLP lifted its position in shares of NAPCO Security Technologies by 121.4% during the 1st quarter. Wellington Management Group LLP now owns 649,318 shares of the industrial products company's stock valued at $14,947,000 after buying an additional 356,094 shares in the last quarter. Copeland Capital Management LLC lifted its position in shares of NAPCO Security Technologies by 25.1% during the 1st quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock valued at $34,390,000 after buying an additional 299,305 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of NAPCO Security Technologies by 62.4% during the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company's stock valued at $17,721,000 after buying an additional 295,755 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

NAPCO Security Technologies Trading Up 0.6%

Shares of NASDAQ:NSSC opened at $43.42 on Thursday. NAPCO Security Technologies has a twelve month low of $19.00 and a twelve month high of $45.03. The company's 50 day moving average is $35.05 and its 200 day moving average is $29.11. The company has a market cap of $1.55 billion, a PE ratio of 36.49 and a beta of 1.51.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The company had revenue of $50.72 million for the quarter, compared to the consensus estimate of $44.26 million. During the same quarter in the prior year, the company earned $0.39 EPS. NAPCO Security Technologies's quarterly revenue was up .8% on a year-over-year basis. Equities research analysts predict that NAPCO Security Technologies will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. NAPCO Security Technologies's dividend payout ratio (DPR) is presently 47.06%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.