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

Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) - Investment analysts at DA Davidson increased their FY2024 earnings estimates for shares of Napco Security Technologies in a research report issued to clients and investors on Wednesday, May 8th. DA Davidson analyst M. Summerville now expects that the industrial products company will post earnings of $1.36 per share for the year, up from their previous estimate of $1.33. DA Davidson currently has a "Buy" rating and a $52.00 target price on the stock. The consensus estimate for Napco Security Technologies' current full-year earnings is $1.31 per share. DA Davidson also issued estimates for Napco Security Technologies' Q4 2024 earnings at $0.38 EPS and FY2025 earnings at $1.73 EPS.

A number of other research firms also recently issued reports on NSSC. Needham & Company LLC boosted their price target on shares of Napco Security Technologies from $46.00 to $52.00 and gave the company a "buy" rating in a research note on Tuesday. B. Riley upped their price target on Napco Security Technologies from $36.00 to $45.00 and gave the stock a "neutral" rating in a research note on Tuesday. Imperial Capital cut Napco Security Technologies from an "outperform" rating to an "in-line" rating and set a $45.00 price objective for the company. in a research note on Tuesday, February 6th. Finally, StockNews.com lowered Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 13th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $41.83.

Napco Security Technologies Stock Performance

Shares of Napco Security Technologies stock traded down $0.23 during trading hours on Friday, hitting $44.40. The company's stock had a trading volume of 346,579 shares, compared to its average volume of 362,143. The firm has a fifty day moving average of $41.01 and a 200-day moving average of $35.85. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 37.50 and a beta of 1.51. Napco Security Technologies has a twelve month low of $17.76 and a twelve month high of $46.41.

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

Napco Security Technologies Announces Dividend

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

Insider Transactions at Napco Security Technologies

In related news, CEO Richard Soloway sold 28,000 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $45.12, for a total transaction of $1,263,360.00. Following the completion of the sale, the chief executive officer now owns 3,706,010 shares in the company, valued at $167,215,171.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Kevin S. Buchel sold 10,000 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $44.80, for a total transaction of $448,000.00. Following the completion of the sale, the chief financial officer now owns 112,739 shares in the company, valued at $5,050,707.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard Soloway sold 28,000 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $45.12, for a total value of $1,263,360.00. Following the completion of the sale, the chief executive officer now owns 3,706,010 shares of the company's stock, valued at approximately $167,215,171.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 338,000 shares of company stock valued at $14,798,860. 11.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Napco Security Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new stake in shares of Napco Security Technologies during the first quarter worth approximately $27,000. Whittier Trust Co. purchased a new stake in shares of Napco Security Technologies during the first quarter worth approximately $28,000. Quadrant Capital Group LLC raised its stake in shares of Napco Security Technologies by 332.9% during the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company's stock worth $25,000 after purchasing an additional 566 shares during the last quarter. Arcadia Investment Management Corp MI grew its holdings in 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 acquiring an additional 459 shares during the period. Finally, RiverPark Advisors LLC grew its holdings in 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 acquiring an additional 743 shares during the period. Hedge funds and other institutional investors 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.