NAPCO Security Technologies (NASDAQ:NSSC) Sets New 52-Week High - Still a Buy?

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.

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

Analyst Ratings Changes

A number of research firms recently commented on NSSC. Lake Street Capital upgraded shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and raised their price objective for the company from $26.00 to $39.00 in a research note on Tuesday, August 26th. Zacks Research raised shares of NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. Craig Hallum upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a report on Tuesday, August 26th. Needham & Company LLC increased their price objective on NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Finally, Mizuho initiated coverage on NAPCO Security Technologies in a report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.67.

NAPCO Security Technologies Stock Up 4.1%

The company has a market capitalization of $1.56 billion, a P/E ratio of 36.69 and a beta of 1.51. The firm has a 50-day moving average price of $33.06 and a two-hundred day moving average price of $28.15.

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

NAPCO Security Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be paid a $0.14 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. NAPCO Security Technologies's dividend payout ratio (DPR) is 47.06%.

Institutional Trading of NAPCO Security Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in NSSC. Newbridge Financial Services Group Inc. increased its position in NAPCO Security Technologies by 3,635.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 19,012 shares of the industrial products company's stock worth $564,000 after purchasing an additional 18,503 shares during the period. Cim LLC increased 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 purchasing an additional 2,152 shares during the period. Caxton Associates LLP acquired a new stake in NAPCO Security Technologies in the second quarter worth about $730,000. Tower Research Capital LLC TRC increased its position in NAPCO Security Technologies by 293.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,027 shares of the industrial products company's stock worth $149,000 after purchasing an additional 3,748 shares during the period. Finally, Voleon Capital Management LP increased its position 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 purchasing an additional 10,894 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

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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