NAPCO Security Technologies (NASDAQ:NSSC) Announces Earnings Results, Beats Estimates By $0.04 EPS

NAPCO Security Technologies (NASDAQ:NSSC) posted its quarterly earnings results on Monday. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04, RTT News reports. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The business had revenue of $49.17 million during the quarter, compared to analysts’ expectations of $46.81 million. During the same quarter last year, the company posted $0.29 earnings per share.

NAPCO Security Technologies Trading Up 0.8%

Shares of NSSC stock opened at $44.15 on Monday. The stock has a market cap of $1.57 billion, a P/E ratio of 37.10 and a beta of 1.52. The stock has a 50 day simple moving average of $41.94 and a 200 day simple moving average of $33.11. NAPCO Security Technologies has a 1 year low of $19.00 and a 1 year high of $45.14.

NAPCO Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, September 12th. NAPCO Security Technologies’s payout ratio is 47.06%.

Institutional Investors Weigh In On NAPCO Security Technologies

Several institutional investors have recently made changes to their positions in the stock. Caxton Associates LLP bought a new stake in shares of NAPCO Security Technologies in the second quarter valued at approximately $730,000. Tower Research Capital LLC TRC boosted its stake in shares of NAPCO Security Technologies by 293.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,027 shares of the industrial products company’s stock valued at $149,000 after buying an additional 3,748 shares during the period. Voleon Capital Management LP boosted its stake in shares of NAPCO Security Technologies by 11.4% in the second quarter. Voleon Capital Management LP now owns 106,742 shares of the industrial products company’s stock valued at $3,169,000 after buying an additional 10,894 shares during the period. Wasatch Advisors LP bought a new stake in shares of NAPCO Security Technologies in the second quarter valued at approximately $6,561,000. Finally, Snowden Capital Advisors LLC boosted its stake in shares of NAPCO Security Technologies by 9.3% in the second quarter. Snowden Capital Advisors LLC now owns 15,515 shares of the industrial products company’s stock valued at $463,000 after buying an additional 1,319 shares during the period. 85.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NSSC has been the subject of a number of research analyst reports. Zacks Research upgraded NAPCO Security Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 28th. DA Davidson set a $50.00 price target on NAPCO Security Technologies and gave the stock a “buy” rating in a report on Wednesday, September 24th. Lake Street Capital restated a “buy” rating and set a $50.00 price objective (up previously from $39.00) on shares of NAPCO Security Technologies in a report on Friday, October 10th. Needham & Company LLC boosted their price objective on NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.83.

About NAPCO Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.