Napco Security Technologies, Inc. (NASDAQ:NSSC) Receives $36.33 Average PT from Brokerages

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $36.33.

A number of research firms have recently commented on NSSC. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Needham & Company LLC cut their price target on shares of Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Lake Street Capital set a $30.00 price target on shares of Napco Security Technologies and gave the stock a “buy” rating in a report on Tuesday, February 4th. Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Craig Hallum lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research note on Tuesday, February 4th.

Institutional Trading of Napco Security Technologies

Several hedge funds have recently modified their holdings of NSSC. Thrivent Financial for Lutherans acquired a new position in shares of Napco Security Technologies during the third quarter valued at about $2,644,000. State Street Corp increased its holdings in shares of Napco Security Technologies by 2.2% during the third quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock valued at $31,790,000 after acquiring an additional 16,931 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Napco Security Technologies during the third quarter valued at about $672,000. Barclays PLC increased its holdings in shares of Napco Security Technologies by 266.0% during the third quarter. Barclays PLC now owns 62,085 shares of the industrial products company’s stock valued at $2,511,000 after acquiring an additional 45,122 shares in the last quarter. Finally, PDT Partners LLC acquired a new position in shares of Napco Security Technologies during the third quarter valued at about $1,475,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

Napco Security Technologies Stock Down 1.1 %

NASDAQ NSSC opened at $24.70 on Friday. The firm has a market capitalization of $899.10 million, a price-to-earnings ratio of 19.00 and a beta of 1.59. Napco Security Technologies has a 52 week low of $23.00 and a 52 week high of $58.09. The company has a fifty day moving average of $29.66 and a two-hundred day moving average of $35.77.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The company had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 earnings per share. Equities research analysts anticipate that Napco Security Technologies will post 1.24 EPS for the current year.

Napco Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies’s payout ratio is 38.46%.

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.