NAPCO Security Technologies (NASDAQ:NSSC) Coverage Initiated at Mizuho

Mizuho initiated coverage on shares of NAPCO Security Technologies (NASDAQ:NSSC - Free Report) in a report released on Thursday morning, Marketbeat reports. The brokerage issued an outperform rating and a $39.00 price objective on the industrial products company's stock.

Several other equities research analysts also recently commented on the stock. Lake Street Capital set a $26.00 price objective on shares of NAPCO Security Technologies in a report on Monday, May 5th. Needham & Company LLC lowered their price target on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, DA Davidson set a $33.00 price target on shares of NAPCO Security Technologies and gave the stock a "buy" rating in a report on Wednesday, June 25th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.83.

NAPCO Security Technologies Stock Performance

NASDAQ NSSC traded down $0.79 during trading on Thursday, hitting $30.86. 456,955 shares of the company's stock traded hands, compared to its average volume of 498,112. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.30 and a beta of 1.43. NAPCO Security Technologies has a 12-month low of $19.00 and a 12-month high of $58.09. The business has a 50 day moving average of $28.38 and a 200-day moving average of $27.46.

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 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $43.96 million for the quarter, compared to the consensus estimate of $45.11 million. NAPCO Security Technologies had a net margin of 25.00% and a return on equity of 26.14%. The company's revenue was down 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. On average, analysts expect that NAPCO Security Technologies will post 1.24 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.81%. This is an increase from NAPCO Security Technologies's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, June 12th. NAPCO Security Technologies's dividend payout ratio is presently 45.90%.

Institutional Investors Weigh In On NAPCO Security Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in NAPCO Security Technologies by 1.8% in the first quarter. Vanguard Group Inc. now owns 2,901,671 shares of the industrial products company's stock valued at $66,796,000 after purchasing an additional 52,020 shares in the last quarter. Copeland Capital Management LLC raised its stake in NAPCO Security Technologies by 25.1% in the first quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock valued at $34,390,000 after purchasing an additional 299,305 shares in the last quarter. Doma Perpetual Capital Management LLC raised its stake in NAPCO Security Technologies by 53.4% in the first quarter. Doma Perpetual Capital Management LLC now owns 1,175,655 shares of the industrial products company's stock valued at $27,064,000 after purchasing an additional 409,123 shares in the last quarter. Geode Capital Management LLC raised its stake in NAPCO Security Technologies by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,010,696 shares of the industrial products company's stock valued at $35,948,000 after purchasing an additional 51,661 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in NAPCO Security Technologies by 15.1% in the fourth quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company's stock valued at $33,403,000 after purchasing an additional 123,091 shares in the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

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.