Analysts Set Napco Security Technologies, Inc. (NASDAQ:NSSC) Price Target at $35.50

Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) has been assigned an average recommendation of "Hold" from the seven research firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $35.50.

Several research analysts have issued reports on the company. Needham & Company LLC cut their price target on Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Craig Hallum lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price target for the company. in a research note on Tuesday, February 4th. Cowen cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Lake Street Capital cut their price objective on shares of Napco Security Technologies from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Finally, TD Cowen lowered Napco Security Technologies from a "buy" rating to a "hold" rating and dropped their price target for the stock from $46.00 to $27.00 in a report on Tuesday, February 4th.

Napco Security Technologies Stock Performance

Shares of Napco Security Technologies stock traded down $0.88 on Thursday, reaching $20.28. 769,310 shares of the company's stock were exchanged, compared to its average volume of 495,678. The firm's 50-day moving average is $25.75 and its two-hundred day moving average is $33.69. The company has a market capitalization of $738.21 million, a P/E ratio of 15.60 and a beta of 1.51. Napco Security Technologies has a 52 week low of $19.63 and a 52 week high of $58.09.

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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 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.06). The company had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. On average, analysts expect that Napco Security Technologies will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Wednesday, March 12th. Napco Security Technologies's payout ratio is currently 38.46%.

Institutional Trading of Napco Security Technologies

A number of institutional investors have recently added to or reduced their stakes in NSSC. State Street Corp lifted its holdings in shares of Napco Security Technologies by 2.2% in the third quarter. State Street Corp now owns 783,327 shares of the industrial products company's stock worth $31,790,000 after buying an additional 16,931 shares in the last quarter. XTX Topco Ltd purchased a new stake in Napco Security Technologies in the 3rd quarter worth approximately $672,000. Barclays PLC boosted its holdings in Napco Security Technologies by 266.0% in the 3rd quarter. Barclays PLC now owns 62,085 shares of the industrial products company's stock valued at $2,511,000 after purchasing an additional 45,122 shares during the period. Truist Financial Corp grew its position in shares of Napco Security Technologies by 4.4% during the 4th quarter. Truist Financial Corp now owns 27,420 shares of the industrial products company's stock valued at $975,000 after purchasing an additional 1,168 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Napco Security Technologies by 215.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,640 shares of the industrial products company's stock worth $795,000 after purchasing an additional 13,418 shares during the period. Hedge funds and other institutional investors own 85.07% of the company's stock.

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.