NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Stock Has Consensus Price Target of $50.40

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) have received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $50.40.

Several brokerages have recently commented on NSSC. DA Davidson set a $52.00 target price on NAPCO Security Technologies in a research report on Tuesday, August 25th. Needham & Company LLC reissued a “buy” rating and set a $49.00 price target on shares of NAPCO Security Technologies in a research report on Friday, August 21st. Wall Street Zen cut NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Benchmark reaffirmed a “buy” rating on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NAPCO Security Technologies in a research note on Friday, August 7th.

Insider Transactions at NAPCO Security Technologies

In other NAPCO Security Technologies news, Chairman Richard Soloway sold 379,529 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $34.50, for a total value of $13,093,750.50. Following the transaction, the chairman owned 621,958 shares of the company’s stock, valued at $21,457,551. This trade represents a 37.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Donna Soloway sold 20,962 shares of NAPCO Security Technologies stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $34.62, for a total value of $725,704.44. Following the completion of the transaction, the director owned 20,962 shares of the company’s stock, valued at approximately $725,704.44. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 523,962 shares of company stock valued at $18,257,168. Insiders own 5.65% of the company’s stock.

Hedge Funds Weigh In On NAPCO Security Technologies

Several institutional investors have recently made changes to their positions in the stock. KBC Group NV bought a new stake in shares of NAPCO Security Technologies in the 1st quarter worth approximately $26,000. Blue Trust Inc. bought a new position in NAPCO Security Technologies during the 1st quarter worth $44,000. Integrated Wealth Concepts LLC acquired a new stake in NAPCO Security Technologies in the second quarter worth $46,000. Global Retirement Partners LLC acquired a new stake in NAPCO Security Technologies in the second quarter worth $125,000. Finally, Maryland State Retirement & Pension System bought a new stake in NAPCO Security Technologies in the first quarter valued at $208,000. 85.07% of the stock is owned by institutional investors.

NAPCO Security Technologies Stock Performance

NASDAQ:NSSC opened at $35.19 on Monday. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 29.08 and a beta of 1.51. NAPCO Security Technologies has a one year low of $33.91 and a one year high of $51.77. The stock has a 50-day simple moving average of $36.96 and a 200 day simple moving average of $38.25.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, August 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The firm had revenue of $55.81 million for the quarter, compared to analysts’ expectations of $52.51 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. NAPCO Security Technologies’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that NAPCO Security Technologies will post 1.66 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a $0.17 dividend. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.9%. NAPCO Security Technologies’s dividend payout ratio (DPR) is presently 56.20%.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc develops, manufactures and sells security products and solutions for commercial, institutional, industrial, residential and government customers. Its offerings include intrusion alarm systems, fire alarm systems, access control systems, electronic locking products and related software and communications technologies.

The company markets products under brands that include NAPCO, Gemini, StarLink, Alarm Lock, Marks and Continental Instruments. Its portfolio also includes wireless and cellular alarm communicators, cloud-based security and access management solutions, video and surveillance-related products, and school security technologies.

Founded in 1969 and headquartered in Amityville, New York, NAPCO serves customers through security dealers, distributors and other channels in the United States and international markets.