Analysts Set Napco Security Technologies, Inc. (NASDAQ:NSSC) Target Price at $47.14

Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $47.14.

A number of research analysts recently weighed in on the company. Needham & Company LLC lifted their target price on Napco Security Technologies from $52.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, August 27th. Lake Street Capital reduced their price objective on Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. DA Davidson cut their target price on Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Craig Hallum cut their target price on shares of Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Finally, TD Cowen dropped their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th.

Insiders Place Their Bets

In other news, Director Paul Stephen Beeber sold 708 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the transaction, the director now owns 2,681 shares of the company's stock, valued at approximately $99,518.72. This trade represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.24% of the company's stock.

Institutional Investors Weigh In On Napco Security Technologies

A number of large investors have recently bought and sold shares of NSSC. First Horizon Advisors Inc. boosted its holdings in Napco Security Technologies by 810.3% during the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company's stock worth $27,000 after purchasing an additional 470 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Napco Security Technologies by 72,300.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 723 shares in the last quarter. Quarry LP raised its holdings in Napco Security Technologies by 91.2% during the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company's stock valued at $34,000 after buying an additional 312 shares during the last quarter. KBC Group NV raised its holdings in Napco Security Technologies by 61.4% during the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company's stock valued at $45,000 after buying an additional 424 shares during the last quarter. Finally, Huntington National Bank raised its holdings in Napco Security Technologies by 54.7% in the 3rd quarter. Huntington National Bank now owns 1,777 shares of the industrial products company's stock worth $72,000 after purchasing an additional 628 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Trading Up 0.8 %

NSSC traded up $0.32 during trading on Friday, hitting $39.23. The company's stock had a trading volume of 151,993 shares, compared to its average volume of 452,392. Napco Security Technologies has a twelve month low of $30.04 and a twelve month high of $58.09. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 28.61 and a beta of 1.64. The business's fifty day simple moving average is $39.03 and its 200 day simple moving average is $46.14.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). The company had revenue of $44.00 million for the quarter, compared to analysts' expectations of $46.56 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. Napco Security Technologies's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. As a group, equities research analysts forecast that Napco Security Technologies will post 1.49 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, December 12th. Napco Security Technologies's payout ratio is 36.76%.

Napco Security Technologies Company Profile

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.