NAPCO Security Technologies (NASDAQ:NSSC) Hits New 52-Week High - Here's Why

Key Points

• NAPCO Security Technologies (NASDAQ:NSSC) has reached a new 52-week high of $44.10, with the stock last trading at $43.58, an increase from its previous close of $41.93.
• Recent analyst upgrades include Lake Street Capital and Craig Hallum, both upgrading the stock to a "buy" rating with price targets of $39.00 and $40.00, respectively.
• The company reported earnings of $0.33 per share for the last quarter, surpassing analysts' expectations of $0.26, alongside a revenue of $50.72 million, above the estimated $44.26 million.

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $44.10 and last traded at $43.58, with a volume of 100466 shares. The stock had previously closed at $41.93.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NSSC shares. Zacks Research raised shares of NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Wall Street Zen raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Mizuho assumed coverage on shares of NAPCO Security Technologies in a report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 target price for the company. Needham & Company LLC increased their target price on NAPCO Security Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Finally, 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 report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, NAPCO Security Technologies has a consensus rating of "Moderate Buy" and an average target price of $37.67.

NAPCO Security Technologies Stock Up 1.5%

The business's 50 day simple moving average is $34.30 and its 200 day simple moving average is $28.74. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 35.82 and a beta of 1.51.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its earnings results on Monday, August 25th. The industrial products company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The firm had revenue of $50.72 million for the quarter, compared to analyst estimates of $44.26 million. During the same period last year, the firm earned $0.39 EPS. The business's quarterly revenue was up .8% compared to the same quarter last year. Equities research analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, September 12th. This represents a $0.56 annualized dividend and a yield of 1.3%. NAPCO Security Technologies's dividend payout ratio is presently 47.06%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NSSC. Newbridge Financial Services Group Inc. boosted its holdings in shares of NAPCO Security Technologies by 3,635.2% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 19,012 shares of the industrial products company's stock valued at $564,000 after buying an additional 18,503 shares in the last quarter. Cim LLC lifted its position in NAPCO Security Technologies by 19.5% in the second quarter. Cim LLC now owns 13,164 shares of the industrial products company's stock worth $391,000 after buying an additional 2,152 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of NAPCO Security Technologies during the second quarter valued at $730,000. Tower Research Capital LLC TRC boosted its position in NAPCO Security Technologies by 293.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,027 shares of the industrial products company's stock valued at $149,000 after purchasing an additional 3,748 shares in the last quarter. Finally, Voleon Capital Management LP boosted its holdings in NAPCO Security Technologies by 11.4% in the second quarter. Voleon Capital Management LP now owns 106,742 shares of the industrial products company's stock worth $3,169,000 after acquiring an additional 10,894 shares in the last quarter. 85.07% of the stock is 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.