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

Key Points

• NAPCO Security Technologies, Inc. has received an average rating of "Moderate Buy" from eight research firms, with a price target averaging around $37.67.
• The company reported earnings of $0.33 per share for the recent quarter, exceeding estimates and showing a net margin of 23.90%.
• NAPCO Security Technologies announced a quarterly dividend of $0.14 per share, which reflects an annualized dividend yield of 1.5%.

NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) has received an average rating of "Moderate Buy" from the eight analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $37.6667.

Several analysts have recently commented on the company. Needham & Company LLC raised their target price on NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Mizuho started coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 target price for the company. Craig Hallum upgraded shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price target for the company in a report on Tuesday, August 26th. DA Davidson raised their price target on shares of NAPCO Security Technologies from $33.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Finally, Lake Street Capital upgraded shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and raised their price target for the stock from $26.00 to $39.00 in a report on Tuesday, August 26th.

NAPCO Security Technologies Stock Up 2.1%

Shares of NAPCO Security Technologies stock traded up $0.82 during trading on Friday, hitting $39.31. The stock had a trading volume of 172,742 shares, compared to its average volume of 450,908. The stock has a 50 day simple moving average of $31.39 and a 200 day simple moving average of $27.27. The company has a market capitalization of $1.40 billion, a PE ratio of 33.06 and a beta of 1.51. NAPCO Security Technologies has a 1 year low of $19.00 and a 1 year high of $43.65.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its 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. The business had revenue of $50.72 million for the quarter, compared to the consensus estimate of $44.26 million. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The firm's quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. As a group, equities analysts expect that NAPCO Security Technologies will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The business 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 $0.14 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.56 annualized dividend and a dividend yield of 1.4%. NAPCO Security Technologies's dividend payout ratio (DPR) is presently 47.06%.

Institutional Investors Weigh In On NAPCO Security Technologies

Several large investors have recently made changes to their positions in the company. First Horizon Advisors Inc. grew its holdings in shares of NAPCO Security Technologies by 49.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company's stock worth $46,000 after purchasing an additional 516 shares during the last quarter. Man Group plc lifted its position in NAPCO Security Technologies by 0.7% during the 4th quarter. Man Group plc now owns 78,743 shares of the industrial products company's stock worth $2,800,000 after buying an additional 571 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in NAPCO Security Technologies by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,014 shares of the industrial products company's stock worth $712,000 after buying an additional 751 shares in the last quarter. GAMMA Investing LLC lifted its position in NAPCO Security Technologies by 227.2% during the 1st quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock worth $25,000 after buying an additional 768 shares in the last quarter. Finally, Snowden Capital Advisors LLC lifted its position in NAPCO Security Technologies by 6.2% during the 4th quarter. Snowden Capital Advisors LLC now owns 13,473 shares of the industrial products company's stock worth $481,000 after buying an additional 785 shares in the last quarter. Institutional investors own 85.07% of the company's stock.

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.