Napco Security Technologies, Inc. (NASDAQ:NSSC) Plans Quarterly Dividend of $0.13

Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) announced a quarterly dividend on Monday, November 4th, RTT News reports. Shareholders of record on Thursday, December 12th will be paid a dividend of 0.125 per share by the industrial products company on Friday, January 3rd. This represents a $0.50 annualized dividend and a yield of 1.45%.

Napco Security Technologies has a payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Napco Security Technologies to earn $1.68 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 29.8%.

Napco Security Technologies Price Performance

NASDAQ:NSSC traded down $4.08 during trading hours on Monday, reaching $34.51. The company had a trading volume of 1,853,460 shares, compared to its average volume of 456,322. The firm has a market cap of $1.27 billion, a PE ratio of 25.66 and a beta of 1.64. Napco Security Technologies has a 1-year low of $21.31 and a 1-year high of $58.09. The business's 50 day moving average price is $40.32 and its 200-day moving average price is $46.89.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. The firm had revenue of $50.33 million for the quarter, compared to the consensus estimate of $50.18 million. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. During the same period in the prior year, the firm posted $0.28 earnings per share. On average, analysts expect that Napco Security Technologies will post 1.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Paul Stephen Beeber sold 708 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the transaction, the director now owns 2,681 shares in the company, valued at $99,518.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 11.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NSSC has been the topic of a number of analyst reports. DA Davidson raised their target price on Napco Security Technologies from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, August 27th. Lake Street Capital reissued a "buy" rating and issued a $60.00 price objective on shares of Napco Security Technologies in a report on Tuesday, September 17th. Finally, Needham & Company LLC boosted their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $55.29.

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.