Napco Security Technologies (NASDAQ:NSSC) Issues Earnings Results

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) released its earnings results on Monday. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.05), Briefing.com reports. The business had revenue of $44.00 million during the quarter, compared to analysts' expectations of $46.56 million. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. Napco Security Technologies's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 EPS.

Napco Security Technologies Stock Up 4.1 %

NSSC stock traded up $1.40 during midday trading on Tuesday, hitting $35.91. 762,717 shares of the company traded hands, compared to its average volume of 458,283. Napco Security Technologies has a twelve month low of $21.31 and a twelve month high of $58.09. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 26.57 and a beta of 1.64. The business has a 50 day simple moving average of $40.07 and a 200-day simple moving average of $46.85.

Napco Security Technologies Dividend Announcement

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 $0.125 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.50 annualized dividend and a yield of 1.39%. Napco Security Technologies's dividend payout ratio (DPR) is currently 37.31%.

Analyst Ratings Changes

A number of analysts have recently issued reports on NSSC shares. Needham & Company LLC increased their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, August 27th. Lake Street Capital restated a "buy" rating and set a $60.00 price target on shares of Napco Security Technologies in a report on Tuesday, September 17th. TD Cowen cut their price objective on Napco Security Technologies from $60.00 to $46.00 and set a "buy" rating for the company in a report on Tuesday. Craig Hallum lowered their target price on Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, DA Davidson raised their price target on Napco Security Technologies from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $50.86.

Insider Transactions at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 2,681 shares in the company, valued at $99,518.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.24% of the stock is owned by corporate insiders.

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.