Napco Security Technologies, Inc. (NASDAQ:NSSC) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) have been given a consensus recommendation of "Hold" by the six ratings firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $32.20.

Several brokerages have issued reports on NSSC. Lake Street Capital set a $26.00 target price on Napco Security Technologies in a report on Monday, May 5th. Needham & Company LLC dropped their target price on Napco Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, May 6th.

Napco Security Technologies Stock Performance

Shares of NSSC opened at $28.51 on Tuesday. Napco Security Technologies has a one year low of $19.00 and a one year high of $58.09. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 21.93 and a beta of 1.44. The stock has a 50 day moving average price of $25.62 and a 200 day moving average price of $28.58.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The firm had revenue of $43.96 million during the quarter, compared to analysts' expectations of $45.11 million. During the same period in the previous year, the business earned $0.37 earnings per share. The firm's revenue for the quarter was down 10.8% on a year-over-year basis. On average, 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 declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.14 per share. The ex-dividend date is 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 1.96%. Napco Security Technologies's dividend payout ratio is currently 45.90%.

Hedge Funds Weigh In On Napco Security Technologies

A number of hedge funds have recently modified their holdings of NSSC. Rhumbline Advisers grew its holdings 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 purchasing an additional 935 shares during the period. Congress Asset Management Co. lifted its stake in Napco Security Technologies by 94.4% during the 4th 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. lifted its stake in Napco Security Technologies by 9.3% during the 4th 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 stake in Napco Security Technologies by 4.4% during the 4th quarter. Truist Financial Corp now owns 27,420 shares of the industrial products company's stock worth $975,000 after acquiring an additional 1,168 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its stake in 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 acquiring an additional 36,975 shares in the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

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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