Napco Security Technologies, Inc. (NASDAQ:NSSC) to Issue Quarterly Dividend of $0.13

Napco Security Technologies, Inc. (NASDAQ:NSSC) announced a quarterly dividend on Friday, November 1st,RTT News reports. Stockholders of record on Thursday, December 12th will be given a dividend of 0.125 per share by the industrial products company on Friday, January 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, December 12th.

Napco Security Technologies has a payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Napco Security Technologies to earn $1.88 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 26.6%.

Napco Security Technologies Price Performance

NASDAQ NSSC opened at $38.35 on Tuesday. The business has a 50 day moving average price of $38.87 and a 200 day moving average price of $45.83. The company has a market capitalization of $1.41 billion, a P/E ratio of 28.20 and a beta of 1.62. Napco Security Technologies has a 1-year low of $31.27 and a 1-year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The firm had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $46.56 million. During the same quarter in the prior year, the business earned $0.28 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts expect that Napco Security Technologies will post 1.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the sale, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. The trade was a 20.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NSSC. Needham & Company LLC increased their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Lake Street Capital dropped their price target on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Craig Hallum reduced their price objective on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. DA Davidson dropped their price objective on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.14.

Napco Security Technologies Company Profile

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.