NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Raises Dividend to $0.15 Per Share

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) announced a quarterly dividend on Monday, February 2nd. Stockholders of record on Thursday, March 12th will be given a dividend of 0.15 per share by the industrial products company on Friday, April 3rd. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, March 12th. This is a 7.1% increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14.

NAPCO Security Technologies has a payout ratio of 47.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NAPCO Security Technologies to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 38.6%.

NAPCO Security Technologies Trading Up 11.2%

NSSC stock traded up $4.13 during midday trading on Monday, reaching $41.02. 770,187 shares of the company’s stock traded hands, compared to its average volume of 367,866. NAPCO Security Technologies has a 52-week low of $19.00 and a 52-week high of $48.12. The stock has a market cap of $1.46 billion, a P/E ratio of 33.35 and a beta of 1.51. The stock’s 50-day moving average is $40.78 and its 200 day moving average is $39.26.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, February 2nd. The industrial products company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. The business had revenue of $48.17 million during the quarter, compared to analysts’ expectations of $47.82 million. NAPCO Security Technologies had a return on equity of 26.09% and a net margin of 23.76%.The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 earnings per share. As a group, research analysts expect that NAPCO Security Technologies will post 1.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on NSSC. Mizuho set a $48.00 price objective on NAPCO Security Technologies and gave the stock an “outperform” rating in a research note on Friday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $47.00 price objective on shares of NAPCO Security Technologies in a research note on Thursday, November 20th. Zacks Research downgraded NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. TD Cowen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, NAPCO Security Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

NAPCO Security Technologies Company Profile

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.