Brokerages Set NAPCO Security Technologies, Inc. (NASDAQ:NSSC) PT at $47.83

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $47.8333.

A number of brokerages recently commented on NSSC. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Wednesday, January 28th. Needham & Company LLC restated a “buy” rating and issued a $49.00 target price (up from $47.00) on shares of NAPCO Security Technologies in a report on Monday, February 2nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $50.00 target price on shares of NAPCO Security Technologies in a research note on Tuesday, February 3rd.

NAPCO Security Technologies Trading Up 5.0%

NSSC stock opened at $42.67 on Thursday. The firm has a 50-day moving average of $42.21 and a two-hundred day moving average of $42.10. NAPCO Security Technologies has a 12 month low of $19.00 and a 12 month high of $48.12. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 32.08 and a beta of 1.44.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, February 2nd. The industrial products company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.05. The business had revenue of $48.17 million for the quarter, compared to analysts’ expectations of $47.82 million. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. As a group, equities analysts forecast that NAPCO Security Technologies will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, March 12th will be issued a $0.15 dividend. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, March 12th. NAPCO Security Technologies’s payout ratio is currently 45.11%.

Insider Transactions at NAPCO Security Technologies

In related news, CEO Richard Soloway sold 129,682 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the completion of the sale, the chief executive officer directly owned 1,152,276 shares in the company, valued at approximately $51,840,897.24. This trade represents a 10.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.65% of the company’s stock.

Hedge Funds Weigh In On NAPCO Security Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new stake in shares of NAPCO Security Technologies in the 4th quarter valued at approximately $981,000. Invesco Ltd. raised its position in shares of NAPCO Security Technologies by 16.1% during the 4th quarter. Invesco Ltd. now owns 49,109 shares of the industrial products company’s stock valued at $2,048,000 after buying an additional 6,798 shares during the period. Jacobs Equity LLC purchased a new stake in shares of NAPCO Security Technologies during the 4th quarter valued at approximately $311,000. State of Tennessee Department of Treasury acquired a new position in NAPCO Security Technologies in the fourth quarter valued at approximately $318,000. Finally, Tudor Investment Corp ET AL lifted its holdings in NAPCO Security Technologies by 124.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 200,489 shares of the industrial products company’s stock valued at $8,360,000 after acquiring an additional 111,277 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.