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

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $48.6667.

Several research analysts have recently commented on NSSC shares. DA Davidson reaffirmed a “buy” rating and issued a $52.00 price target on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. TD Cowen reiterated a “buy” rating and set a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Wall Street Zen cut shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Weiss Ratings downgraded NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th.

Institutional Investors Weigh In On NAPCO Security Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. boosted its stake in NAPCO Security Technologies by 2.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 39,026 shares of the industrial products company’s stock valued at $1,482,000 after purchasing an additional 1,069 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of NAPCO Security Technologies in the first quarter valued at approximately $246,000. Amundi acquired a new stake in shares of NAPCO Security Technologies in the first quarter valued at approximately $209,000. California State Teachers Retirement System raised its holdings in shares of NAPCO Security Technologies by 37.4% during the first quarter. California State Teachers Retirement System now owns 48,496 shares of the industrial products company’s stock valued at $1,910,000 after buying an additional 13,207 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of NAPCO Security Technologies by 3.2% during the first quarter. Quantinno Capital Management LP now owns 19,464 shares of the industrial products company’s stock valued at $767,000 after buying an additional 596 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

NAPCO Security Technologies Price Performance

Shares of NAPCO Security Technologies stock opened at $35.74 on Wednesday. The business has a 50-day moving average of $36.67 and a 200-day moving average of $40.22. The company has a market capitalization of $1.28 billion, a PE ratio of 34.37 and a beta of 1.44. NAPCO Security Technologies has a 1-year low of $29.27 and a 1-year high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $49.17 million for the quarter, compared to analyst estimates of $49.26 million. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.NAPCO Security Technologies’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. On average, equities analysts expect that NAPCO Security Technologies will post 1.49 earnings per share for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

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