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

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) have earned a consensus recommendation of "Hold" from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $30.83.

A number of equities research analysts recently commented on NSSC shares. Mizuho started coverage on shares of NAPCO Security Technologies in a research report on Thursday. They set an "outperform" rating and a $39.00 target price for the company. DA Davidson set a $33.00 price objective on NAPCO Security Technologies and gave the company a "buy" rating in a research note on Wednesday, June 25th. Needham & Company LLC reduced their price objective on NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Lake Street Capital set a $26.00 price objective on NAPCO Security Technologies in a research note on Monday, May 5th.

NAPCO Security Technologies Price Performance

Shares of NSSC stock opened at $30.86 on Friday. The company has a market capitalization of $1.10 billion, a P/E ratio of 25.30 and a beta of 1.43. The company's 50-day simple moving average is $28.38 and its two-hundred day simple moving average is $27.58. NAPCO Security Technologies has a one year low of $19.00 and a one year high of $58.09.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $43.96 million for the quarter, compared to the consensus estimate of $45.11 million. During the same period last year, the firm earned $0.37 earnings per share. The company's quarterly revenue was down 10.8% on a year-over-year basis. On average, research analysts expect that NAPCO Security Technologies will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 12th. This is a boost from NAPCO Security Technologies's previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.81%. NAPCO Security Technologies's dividend payout ratio (DPR) is 45.90%.

Institutional Investors Weigh In On NAPCO Security Technologies

A number of institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in NAPCO Security Technologies by 227.2% in 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 during the last quarter. New Age Alpha Advisors LLC purchased a new stake in NAPCO Security Technologies in the fourth quarter valued at approximately $32,000. Caption Management LLC purchased a new stake in NAPCO Security Technologies in the fourth quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in NAPCO Security Technologies in the fourth quarter valued at approximately $53,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of NAPCO Security Technologies in the fourth quarter worth $54,000. 85.07% of the stock is currently 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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