Analysts Set Napco Security Technologies, Inc. (NASDAQ:NSSC) Price Target at $38.17

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $38.17.

A number of brokerages have recently commented on NSSC. TD Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and decreased their price objective for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Craig Hallum cut Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price objective for the company. in a research report on Tuesday, February 4th. Lake Street Capital reduced their target price on Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC dropped their price target on Napco Security Technologies from $52.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. Finally, StockNews.com upgraded shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a report on Tuesday, December 3rd.

Institutional Trading of Napco Security Technologies

Several institutional investors and hedge funds have recently modified their holdings of NSSC. Allworth Financial LP boosted its stake in shares of Napco Security Technologies by 18.9% during the third quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 400 shares in the last quarter. KBC Group NV boosted its holdings in Napco Security Technologies by 61.4% in the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 424 shares during the last quarter. Wells Fargo & Company MN increased its position in Napco Security Technologies by 0.7% during the 4th quarter. Wells Fargo & Company MN now owns 62,007 shares of the industrial products company's stock valued at $2,205,000 after purchasing an additional 437 shares during the period. US Bancorp DE raised its holdings in Napco Security Technologies by 9.1% during the 3rd quarter. US Bancorp DE now owns 5,329 shares of the industrial products company's stock worth $216,000 after purchasing an additional 443 shares during the last quarter. Finally, Truvestments Capital LLC lifted its position in shares of Napco Security Technologies by 6.7% in the 4th quarter. Truvestments Capital LLC now owns 7,009 shares of the industrial products company's stock worth $249,000 after purchasing an additional 443 shares during the period. 85.07% of the stock is currently owned by institutional investors.

Napco Security Technologies Trading Up 1.5 %

Shares of Napco Security Technologies stock traded up $0.37 during trading hours on Wednesday, reaching $25.65. 446,672 shares of the company's stock were exchanged, compared to its average volume of 705,740. Napco Security Technologies has a fifty-two week low of $24.90 and a fifty-two week high of $58.09. The stock has a market cap of $940.84 million, a P/E ratio of 19.73 and a beta of 1.64. The company has a 50 day moving average of $33.95 and a two-hundred day moving average of $39.45.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.06). Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company had revenue of $42.90 million for the quarter, compared to analyst estimates of $49.93 million. During the same period last year, the firm earned $0.34 EPS. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, analysts expect that Napco Security Technologies will post 1.55 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.95%. Napco Security Technologies's dividend payout ratio is 38.46%.

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.