Napco Security Technologies (NASDAQ:NSSC) Coverage Initiated at DA Davidson

DA Davidson began coverage on shares of Napco Security Technologies (NASDAQ:NSSC - Free Report) in a research report released on Friday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $52.00 price target on the industrial products company's stock.

Other research analysts also recently issued reports about the company. Imperial Capital downgraded Napco Security Technologies from an outperform rating to an in-line rating and set a $45.00 target price on the stock. in a report on Tuesday, February 6th. StockNews.com lowered Napco Security Technologies from a buy rating to a hold rating in a research report on Tuesday, February 13th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $46.00 target price on shares of Napco Security Technologies in a research report on Friday, April 12th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $36.67.

Napco Security Technologies Price Performance

Shares of NASDAQ NSSC traded up $0.48 during mid-day trading on Friday, hitting $43.86. 473,230 shares of the stock traded hands, compared to its average volume of 345,221. The company has a market cap of $1.61 billion, a PE ratio of 36.45 and a beta of 1.55. Napco Security Technologies has a twelve month low of $17.76 and a twelve month high of $46.26. The firm has a 50 day simple moving average of $41.25 and a two-hundred day simple moving average of $34.28.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its earnings results on Monday, February 5th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. The firm had revenue of $47.50 million for the quarter, compared to the consensus estimate of $43.92 million. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The business's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 EPS. On average, equities research analysts anticipate that Napco Security Technologies will post 1.3 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were issued a dividend of $0.10 per share. This is a positive change from Napco Security Technologies's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, February 29th. Napco Security Technologies's dividend payout ratio (DPR) is 33.61%.

Insider Buying and Selling

In other Napco Security Technologies news, CFO Kevin S. Buchel sold 10,000 shares of the business's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $44.80, for a total value of $448,000.00. Following the sale, the chief financial officer now directly owns 112,739 shares in the company, valued at $5,050,707.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Napco Security Technologies news, CFO Kevin S. Buchel sold 10,000 shares of the business's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $44.80, for a total value of $448,000.00. Following the sale, the chief financial officer now directly owns 112,739 shares in the company, valued at $5,050,707.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Michael Carrieri sold 5,200 shares of Napco Security Technologies stock in a transaction 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 of the company's stock, valued at $653,533.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,200 shares of company stock worth $3,987,644. 11.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Napco Security Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI grew its position 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 buying an additional 459 shares in the last quarter. Allworth Financial LP lifted its stake in Napco Security Technologies by 19.9% during the fourth quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company's stock worth $114,000 after purchasing an additional 550 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in 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. Mirae Asset Global Investments Co. Ltd. lifted its stake in Napco Security Technologies by 4.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,473 shares of the industrial products company's stock worth $496,000 after purchasing an additional 603 shares during the last quarter. Finally, RiverPark Advisors LLC lifted its stake 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 purchasing an additional 743 shares during the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Napco Security Technologies Company Profile

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.