NAPCO Security Technologies (NASDAQ:NSSC) Price Target Raised to $36.00

NAPCO Security Technologies (NASDAQ:NSSC) had its price objective raised by Needham & Company LLC from $32.00 to $36.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

A number of other research analysts have also weighed in on the stock. DA Davidson set a $33.00 target price on shares of NAPCO Security Technologies and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Mizuho initiated coverage on shares of NAPCO Security Technologies in a research note on Thursday, July 10th. They issued an “outperform” rating and a $39.00 target price on the stock. Finally, Lake Street Capital set a $26.00 price target on shares of NAPCO Security Technologies in a research report on Monday, May 5th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.67.

NAPCO Security Technologies Price Performance

NSSC opened at $38.33 on Tuesday. The company’s 50 day simple moving average is $30.76 and its two-hundred day simple moving average is $26.99. NAPCO Security Technologies has a 1-year low of $19.00 and a 1-year high of $48.75. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 32.21 and a beta of 1.42.

NAPCO Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The business had revenue of $50.72 million for the quarter, compared to analyst estimates of $44.26 million. During the same period last year, the company posted $0.39 EPS. The business’s revenue was up .8% on a year-over-year basis. On average, equities analysts anticipate that NAPCO Security Technologies will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, September 12th. NAPCO Security Technologies’s dividend payout ratio (DPR) is 47.06%.

Institutional Trading of NAPCO Security Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in NAPCO Security Technologies by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,901,671 shares of the industrial products company’s stock valued at $66,796,000 after purchasing an additional 52,020 shares during the last quarter. Copeland Capital Management LLC grew its stake in shares of NAPCO Security Technologies by 6.1% in the second quarter. Copeland Capital Management LLC now owns 1,585,684 shares of the industrial products company’s stock worth $47,079,000 after acquiring an additional 91,756 shares in the last quarter. Doma Perpetual Capital Management LLC grew its stake in shares of NAPCO Security Technologies by 53.4% in the first quarter. Doma Perpetual Capital Management LLC now owns 1,175,655 shares of the industrial products company’s stock worth $27,064,000 after acquiring an additional 409,123 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of NAPCO Security Technologies by 1.4% in the second quarter. Geode Capital Management LLC now owns 1,031,547 shares of the industrial products company’s stock worth $30,630,000 after acquiring an additional 14,501 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of NAPCO Security Technologies by 15.1% in the fourth quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company’s stock worth $33,403,000 after acquiring an additional 123,091 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

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.