FY2024 Earnings Estimate for Napco Security Technologies, Inc. Issued By B. Riley (NASDAQ:NSSC)

Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) - B. Riley increased their FY2024 EPS estimates for shares of Napco Security Technologies in a research note issued on Tuesday, May 7th. B. Riley analyst R. Sharma now expects that the industrial products company will earn $1.33 per share for the year, up from their prior estimate of $1.30. B. Riley has a "Neutral" rating and a $45.00 price objective on the stock. The consensus estimate for Napco Security Technologies' current full-year earnings is $1.31 per share. B. Riley also issued estimates for Napco Security Technologies' Q1 2025 earnings at $0.36 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.41 EPS and FY2025 earnings at $1.53 EPS.

Other equities analysts have also issued reports about the stock. Needham & Company LLC boosted their target price on shares of Napco Security Technologies from $46.00 to $52.00 and gave the company a "buy" rating in a report on Tuesday. StockNews.com cut Napco Security Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 13th. Imperial Capital cut Napco Security Technologies from an "outperform" rating to an "in-line" rating and set a $45.00 target price for the company. in a research note on Tuesday, February 6th. Finally, DA Davidson started coverage on Napco Security Technologies in a research report on Friday, April 26th. They issued a "buy" rating and a $52.00 target price on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $41.83.

Napco Security Technologies Stock Performance

Shares of NASDAQ NSSC traded down $1.29 during trading on Wednesday, hitting $44.45. 743,795 shares of the company were exchanged, compared to its average volume of 359,768. The company has a fifty day moving average price of $41.02 and a 200-day moving average price of $35.73. The firm has a market capitalization of $1.63 billion, a PE ratio of 37.64 and a beta of 1.51. Napco Security Technologies has a 12-month low of $17.76 and a 12-month high of $46.41.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. The firm had revenue of $49.30 million for the quarter, compared to the consensus estimate of $48.16 million. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 earnings per share.

Napco Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Monday, June 3rd. Napco Security Technologies's dividend payout ratio (DPR) is 33.61%.

Insider Transactions at Napco Security Technologies

In related news, CEO Richard Soloway sold 250,000 shares of the business's stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total value of $11,050,000.00. Following the sale, the chief executive officer now owns 1,406,010 shares in the company, valued at approximately $62,145,642. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Michael Carrieri sold 5,200 shares of Napco Security Technologies stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $45.92, for a total value of $238,784.00. Following the completion of the transaction, the senior vice president now owns 14,232 shares in the company, valued at $653,533.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Soloway sold 250,000 shares of the company's stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total transaction of $11,050,000.00. Following the sale, the chief executive officer now directly owns 1,406,010 shares in the company, valued at $62,145,642. The disclosure for this sale can be found here. Insiders sold a total of 343,200 shares of company stock worth $15,037,644 over the last ninety days. Company insiders own 11.54% of the company's stock.

Hedge Funds Weigh In On Napco Security Technologies

Several institutional investors have recently modified their holdings of NSSC. Quadrant Capital Group LLC boosted its holdings in Napco Security Technologies by 332.9% in the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 566 shares during the period. Hollencrest Capital Management acquired a new stake in Napco Security Technologies in the 1st quarter valued at about $27,000. Whittier Trust Co. purchased a new position in shares of Napco Security Technologies in the 1st quarter valued at about $28,000. Arcadia Investment Management Corp MI grew its position in shares of Napco Security Technologies by 48.6% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company's stock worth $48,000 after buying an additional 459 shares in the last quarter. Finally, RiverPark Advisors LLC increased its stake in shares of Napco Security Technologies by 80.1% during the fourth quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company's stock worth $57,000 after buying an additional 743 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 products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.