NAPCO Security Technologies (NASDAQ:NSSC) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Key Points

• NAPCO Security Technologies reported earnings of $0.33 EPS for the quarter, exceeding analysts' expectations of $0.26 EPS by $0.07.
• The company announced a quarterly dividend of $0.14 per share, with an annualized yield of 1.8% and a payout ratio of 45.90%.
• Institutional investors hold 85.07% of NAPCO Security Technologies' stock, indicating strong interest from hedge funds in the company.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) posted its quarterly earnings results on Monday. The industrial products company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07, Briefing.com reports. The company had revenue of $50.72 million for the quarter, compared to the consensus estimate of $44.26 million. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The firm's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 EPS.

NAPCO Security Technologies Trading Down 0.7%

NSSC stock traded down $0.28 during midday trading on Friday, hitting $38.05. The company's stock had a trading volume of 445,209 shares, compared to its average volume of 451,354. The company has a market cap of $1.36 billion, a PE ratio of 31.97 and a beta of 1.42. NAPCO Security Technologies has a 12 month low of $19.00 and a 12 month high of $48.75. The firm's 50-day moving average is $30.76 and its 200-day moving average is $26.99.

NAPCO Security Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.56 annualized dividend and a yield of 1.5%. NAPCO Security Technologies's dividend payout ratio is 47.06%.

Hedge Funds Weigh In On NAPCO Security Technologies

Several hedge funds and other institutional investors have recently modified their holdings of NSSC. Acadian Asset Management LLC bought a new position in shares of NAPCO Security Technologies during the 1st quarter valued at $91,000. Raymond James Financial Inc. bought a new position in shares of NAPCO Security Technologies during the 2nd quarter valued at $130,000. Tower Research Capital LLC TRC lifted its holdings in shares of NAPCO Security Technologies by 293.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,027 shares of the industrial products company's stock valued at $149,000 after buying an additional 3,748 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of NAPCO Security Technologies by 7.7% during the 2nd quarter. Lazard Asset Management LLC now owns 13,425 shares of the industrial products company's stock valued at $398,000 after buying an additional 961 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in shares of NAPCO Security Technologies by 36.8% during the 2nd quarter. Quantinno Capital Management LP now owns 13,883 shares of the industrial products company's stock valued at $412,000 after buying an additional 3,737 shares during the period. 85.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NSSC. Needham & Company LLC upped their price target on NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Tuesday. DA Davidson upped their price target on NAPCO Security Technologies from $33.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday. Mizuho began coverage on NAPCO Security Technologies in a research note on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price target on the stock. Craig Hallum upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price target on the stock in a research note on Tuesday. Finally, Lake Street Capital upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating and upped their price target for the stock from $26.00 to $39.00 in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $37.67.

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.