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

Key Points

• NAPCO Security Technologies, Inc. has received an average rating of "Moderate Buy" from nine analysts, with a consensus target price of $41.83 over the next 12 months.
• The company reported $0.33 earnings per share for the last quarter, surpassing analysts' expectations and achieving a net margin of 23.90%.
• NAPCO has also recently declared a quarterly dividend of $0.14 per share, resulting in an annualized dividend yield of 1.3%.

NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the nine analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $41.8333.

Several analysts recently issued reports on the stock. Craig Hallum raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price target on the stock in a report on Tuesday, August 26th. Needham & Company LLC upped their price target on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NAPCO Security Technologies in a report on Wednesday, October 8th. DA Davidson set a $50.00 price target on shares of NAPCO Security Technologies and gave the company a "buy" rating in a report on Wednesday, September 24th. Finally, Zacks Research raised shares of NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th.

NAPCO Security Technologies Price Performance

NSSC opened at $43.37 on Monday. The stock has a market capitalization of $1.55 billion, a PE ratio of 36.45 and a beta of 1.52. The firm's fifty day moving average price is $39.33 and its 200 day moving average price is $31.43. NAPCO Security Technologies has a 12-month low of $19.00 and a 12-month high of $45.03.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $50.72 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. On average, equities research analysts forecast that NAPCO Security Technologies will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, September 12th. NAPCO Security Technologies's dividend payout ratio is 47.06%.

Institutional Trading of NAPCO Security Technologies

A number of institutional investors and hedge funds have recently modified their holdings of NSSC. GAMMA Investing LLC raised its holdings in shares of NAPCO Security Technologies by 227.2% during the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock worth $25,000 after purchasing an additional 768 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of NAPCO Security Technologies during the third quarter worth $26,000. Quaker Wealth Management LLC raised its holdings in shares of NAPCO Security Technologies by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 1,050 shares of the industrial products company's stock worth $31,000 after purchasing an additional 2,100 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of NAPCO Security Technologies by 49.8% during the second 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 period. Finally, Farther Finance Advisors LLC raised its holdings in shares of NAPCO Security Technologies by 35.4% during the first quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company's stock worth $87,000 after purchasing an additional 1,002 shares during the period. 85.07% of the stock is owned by institutional investors and hedge funds.

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.

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