NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Given Consensus Recommendation of "Hold" by Brokerages

NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) has received a consensus rating of "Hold" from the six research firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $32.20.

A number of research analysts recently issued reports on NSSC shares. Needham & Company LLC dropped their price target on NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Lake Street Capital set a $26.00 target price on shares of NAPCO Security Technologies in a research report on Monday, May 5th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers raised its stake in shares of NAPCO Security Technologies by 1.9% during the 4th quarter. Rhumbline Advisers now owns 49,567 shares of the industrial products company's stock worth $1,763,000 after buying an additional 935 shares in the last quarter. Congress Asset Management Co. raised its position in NAPCO Security Technologies by 94.4% in the fourth quarter. Congress Asset Management Co. now owns 279,670 shares of the industrial products company's stock worth $9,945,000 after acquiring an additional 135,802 shares in the last quarter. Principal Financial Group Inc. raised its position in NAPCO Security Technologies by 9.3% in the fourth quarter. Principal Financial Group Inc. now owns 21,190 shares of the industrial products company's stock worth $754,000 after acquiring an additional 1,804 shares in the last quarter. Truist Financial Corp lifted its holdings in NAPCO Security Technologies by 4.4% in the fourth quarter. Truist Financial Corp now owns 27,420 shares of the industrial products company's stock valued at $975,000 after acquiring an additional 1,168 shares during the period. Finally, Kornitzer Capital Management Inc. KS boosted its position in shares of NAPCO Security Technologies by 15.5% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 274,970 shares of the industrial products company's stock worth $9,778,000 after purchasing an additional 36,975 shares in the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

NAPCO Security Technologies Stock Performance

NSSC stock traded down $1.41 during midday trading on Tuesday, reaching $26.98. 231,502 shares of the company were exchanged, compared to its average volume of 501,259. The company has a market cap of $962.11 million, a price-to-earnings ratio of 22.10 and a beta of 1.44. NAPCO Security Technologies has a 1-year low of $19.00 and a 1-year high of $58.09. The stock's 50-day simple moving average is $26.03 and its 200 day simple moving average is $28.50.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its earnings results on Monday, May 5th. The industrial products company reported $0.28 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 posted $0.37 EPS. The company's revenue was down 10.8% on a year-over-year basis. On average, research analysts anticipate that NAPCO Security Technologies will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.08%. This is a boost from NAPCO Security Technologies's previous quarterly dividend of $0.13. The ex-dividend date is Thursday, June 12th. NAPCO Security Technologies's dividend payout ratio (DPR) is presently 45.90%.

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.