Napco Security Technologies (NASDAQ:NSSC) Hits New 1-Year High at $53.70

Napco Security Technologies, Inc. (NASDAQ:NSSC)’s share price reached a new 52-week high on Tuesday . The company traded as high as $53.70 and last traded at $53.66, with a volume of 346728 shares changing hands. The stock had previously closed at $52.48.

Analyst Upgrades and Downgrades

NSSC has been the subject of a number of recent research reports. B. Riley lifted their price objective on shares of Napco Security Technologies from $36.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Lake Street Capital raised their price target on shares of Napco Security Technologies from $54.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Craig Hallum reissued a “buy” rating and issued a $65.00 price target (up from $50.00) on shares of Napco Security Technologies in a report on Friday, May 24th. TD Cowen assumed coverage on shares of Napco Security Technologies in a report on Tuesday, May 28th. They issued a “buy” rating and a $60.00 price target for the company. Finally, DA Davidson assumed coverage on shares of Napco Security Technologies in a report on Friday, April 26th. They issued a “buy” rating and a $52.00 price target for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.14.

Napco Security Technologies Trading Up 0.7 %

The business’s fifty day moving average price is $48.44 and its 200-day moving average price is $42.21. The company has a market capitalization of $1.99 billion, a P/E ratio of 42.91 and a beta of 1.62.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $49.30 million for the quarter, compared to analysts’ expectations of $48.16 million. Napco Security Technologies had a return on equity of 30.50% and a net margin of 25.58%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. As a group, equities research analysts forecast that Napco Security Technologies, Inc. will post 1.35 EPS for the current year.

Napco Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 3rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.40 annualized dividend and a yield of 0.74%. Napco Security Technologies’s payout ratio is currently 31.75%.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, CEO Richard Soloway sold 250,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $44.20, for a total value of $11,050,000.00. Following the transaction, the chief executive officer now owns 1,406,010 shares in the company, valued at $62,145,642. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.54% of the company’s stock.

Hedge Funds Weigh In On Napco Security Technologies

A number of hedge funds have recently modified their holdings of the company. Comerica Bank increased its position in shares of Napco Security Technologies by 19.1% during the first quarter. Comerica Bank now owns 2,586 shares of the industrial products company’s stock valued at $104,000 after buying an additional 415 shares during the period. Arcadia Investment Management Corp MI boosted its stake in Napco Security Technologies by 48.6% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 459 shares in the last quarter. Allworth Financial LP boosted its stake in Napco Security Technologies by 19.9% during the fourth quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 550 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Napco Security Technologies by 332.9% during the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 566 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Napco Security Technologies by 4.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,473 shares of the industrial products company’s stock worth $496,000 after acquiring an additional 603 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.