NAPCO Security Technologies (NASDAQ:NSSC) PT Set at $33.00 by DA Davidson

DA Davidson set a $33.00 target price on NAPCO Security Technologies (NASDAQ:NSSC - Free Report) in a research report released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the industrial products company's stock.

NSSC has been the subject of a number of other research reports. Needham & Company LLC reduced their target price 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. Lake Street Capital set a $26.00 target price on NAPCO Security Technologies in a research note on Monday, May 5th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, NAPCO Security Technologies currently has a consensus rating of "Hold" and a consensus target price of $29.20.

NAPCO Security Technologies Stock Down 0.6%

Shares of NAPCO Security Technologies stock traded down $0.19 during trading on Wednesday, reaching $29.63. The company's stock had a trading volume of 451,613 shares, compared to its average volume of 503,083. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 24.29 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 company has a 50-day simple moving average of $26.87 and a two-hundred day simple moving average of $28.05.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The company had revenue of $43.96 million during the quarter, compared to analyst estimates of $45.11 million. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%. The firm's quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. As a group, 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. Stockholders of record on Thursday, June 12th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Thursday, June 12th. This is a boost from NAPCO Security Technologies's previous quarterly dividend of $0.13. NAPCO Security Technologies's payout ratio is 45.90%.

Hedge Funds Weigh In On NAPCO Security Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers lifted its holdings in shares of NAPCO Security Technologies by 1.8% in the 1st quarter. Rhumbline Advisers now owns 50,446 shares of the industrial products company's stock valued at $1,161,000 after buying an additional 879 shares during the period. Acadian Asset Management LLC acquired a new position in shares of NAPCO Security Technologies in the 1st quarter valued at about $91,000. Jane Street Group LLC lifted its holdings in shares of NAPCO Security Technologies by 351.7% in the 1st quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company's stock valued at $2,261,000 after buying an additional 76,478 shares during the period. Voleon Capital Management LP lifted its holdings in shares of NAPCO Security Technologies by 759.2% in the 1st quarter. Voleon Capital Management LP now owns 95,848 shares of the industrial products company's stock valued at $2,206,000 after buying an additional 84,692 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of NAPCO Security Technologies by 75.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company's stock valued at $13,565,000 after buying an additional 254,007 shares during the period. Institutional investors and hedge funds own 85.07% of the company's stock.

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.