Analysts Set Napco Security Technologies, Inc. (NASDAQ:NSSC) Price Target at $47.14

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $47.14.

Several research firms have recently weighed in on NSSC. DA Davidson reduced their target price on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Craig Hallum reduced their price objective on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. TD Cowen decreased their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Lake Street Capital dropped their price objective on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans acquired a new position in Napco Security Technologies during the 3rd quarter worth approximately $2,644,000. State Street Corp grew its holdings in Napco Security Technologies by 2.2% during the third quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock worth $31,790,000 after acquiring an additional 16,931 shares during the period. Natixis Advisors LLC purchased a new position in Napco Security Technologies in the second quarter worth $6,141,000. XTX Topco Ltd acquired a new stake in Napco Security Technologies in the third quarter valued at $672,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of Napco Security Technologies by 35.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company’s stock worth $20,019,000 after purchasing an additional 101,182 shares in the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Napco Security Technologies Stock Down 2.1 %

Shares of Napco Security Technologies stock opened at $35.50 on Tuesday. Napco Security Technologies has a 52 week low of $31.27 and a 52 week high of $58.09. The firm’s 50 day moving average is $38.05 and its two-hundred day moving average is $44.57. The firm has a market capitalization of $1.30 billion, a P/E ratio of 26.10 and a beta of 1.62.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The company had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. Napco Security Technologies’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts expect that Napco Security Technologies will post 1.49 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies’s payout ratio is 36.76%.

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.