NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Receives Average Rating of "Hold" from Analysts

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) have been assigned an average recommendation of "Hold" from the seven analysts that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $30.83.

NSSC has been the topic of a number of analyst reports. Lake Street Capital set a $26.00 target price on shares of NAPCO Security Technologies in a research note on Monday, May 5th. Needham & Company LLC lowered their target price on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Mizuho assumed coverage on shares of NAPCO Security Technologies in a report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 target price for the company. Finally, DA Davidson set a $33.00 target price on shares of NAPCO Security Technologies and gave the company a "buy" rating in a report on Wednesday, June 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. New Age Alpha Advisors LLC acquired a new stake in shares of NAPCO Security Technologies in the 4th quarter worth $32,000. Caption Management LLC acquired a new stake in shares of NAPCO Security Technologies in the fourth quarter valued at about $33,000. GAMMA Investing LLC lifted its stake in shares of NAPCO Security Technologies by 227.2% in the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 768 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of NAPCO Security Technologies in the fourth quarter valued at about $53,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of NAPCO Security Technologies in the fourth quarter valued at about $54,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

NAPCO Security Technologies Price Performance

NSSC stock traded down $0.26 during midday trading on Friday, hitting $30.32. 80,062 shares of the stock traded hands, compared to its average volume of 495,420. The firm has a market cap of $1.08 billion, a P/E ratio of 24.94 and a beta of 1.43. The stock's fifty day simple moving average is $28.38 and its 200-day simple moving average is $27.46. NAPCO Security Technologies has a 1-year low of $19.00 and a 1-year high of $58.09.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. NAPCO Security Technologies had a net margin of 25.00% and a return on equity of 26.14%. The business had revenue of $43.96 million for the quarter, compared to analyst estimates of $45.11 million. During the same quarter last year, the business earned $0.37 earnings per share. The company's revenue for the quarter was down 10.8% compared to the same quarter last year. On average, research analysts predict that NAPCO Security Technologies will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th were given a dividend of $0.14 per share. This is an increase from NAPCO Security Technologies's previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 1.85%. The ex-dividend date was Thursday, June 12th. NAPCO Security Technologies's dividend payout ratio (DPR) is presently 45.90%.

NAPCO Security Technologies Company Profile

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.