Brokerages Set NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Target Price at $48.67

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $48.6667.

A number of brokerages have recently issued reports on NSSC. TD Cowen reaffirmed a “buy” rating and set a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Weiss Ratings lowered shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, DA Davidson reissued a “buy” rating and set a $52.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday, May 5th.

Institutional Investors Weigh In On NAPCO Security Technologies

Several hedge funds have recently added to or reduced their stakes in NSSC. Fundsmith LLP boosted its holdings in NAPCO Security Technologies by 86.4% in the third quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company’s stock valued at $76,445,000 after purchasing an additional 824,945 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in NAPCO Security Technologies by 668.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock valued at $36,986,000 after purchasing an additional 749,065 shares during the last quarter. Copeland Capital Management LLC boosted its stake in shares of NAPCO Security Technologies by 41.4% during the 1st quarter. Copeland Capital Management LLC now owns 2,009,089 shares of the industrial products company’s stock worth $79,138,000 after acquiring an additional 588,297 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of NAPCO Security Technologies during the 3rd quarter worth about $24,305,000. Finally, Millennium Management LLC boosted its stake in shares of NAPCO Security Technologies by 62.4% during the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after acquiring an additional 295,755 shares in the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

NAPCO Security Technologies Stock Performance

NAPCO Security Technologies stock opened at $34.96 on Tuesday. The company has a 50 day moving average price of $40.36 and a 200-day moving average price of $41.31. NAPCO Security Technologies has a fifty-two week low of $26.44 and a fifty-two week high of $48.12. The company has a market capitalization of $1.25 billion, a PE ratio of 33.62 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, May 4th. The industrial products company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $49.17 million during the quarter, compared to the consensus estimate of $49.26 million. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%. NAPCO Security Technologies’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 earnings per share. On average, analysts forecast that NAPCO Security Technologies will post 1.48 earnings per share for the current year.

NAPCO Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Friday, June 12th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. NAPCO Security Technologies’s payout ratio is 57.69%.

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.