NAPCO Security Technologies’ (NSSC) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of NAPCO Security Technologies (NASDAQ:NSSC) in a report released on Thursday,Benzinga reports. Needham & Company LLC currently has a $47.00 price target on the industrial products company’s stock.

Several other research analysts also recently weighed in on the company. Zacks Research downgraded NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Cowen raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. Craig Hallum raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, August 26th. Mizuho set a $48.00 price target on shares of NAPCO Security Technologies and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, DA Davidson set a $50.00 price objective on shares of NAPCO Security Technologies and gave the company a “buy” rating in a report on Wednesday, September 24th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, NAPCO Security Technologies currently has an average rating of “Moderate Buy” and an average price target of $47.50.

NAPCO Security Technologies Price Performance

Shares of NSSC stock traded up $0.80 during mid-day trading on Thursday, hitting $38.80. 36,695 shares of the stock traded hands, compared to its average volume of 425,789. NAPCO Security Technologies has a 52-week low of $19.00 and a 52-week high of $48.12. The stock has a market cap of $1.38 billion, a P/E ratio of 32.43 and a beta of 1.54. The stock’s fifty day moving average is $42.58 and its two-hundred day moving average is $34.77.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, November 3rd. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $49.17 million during the quarter, compared to analyst estimates of $46.81 million. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. NAPCO Security Technologies’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 EPS. As a group, equities analysts forecast that NAPCO Security Technologies will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, December 12th. NAPCO Security Technologies’s dividend payout ratio is currently 45.53%.

Insider Buying and Selling at NAPCO Security Technologies

In related news, SVP Stephen M. Spinelli sold 19,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $40.25, for a total value of $764,750.00. Following the completion of the transaction, the senior vice president directly owned 928 shares in the company, valued at $37,352. The trade was a 95.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.65% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NAPCO Security Technologies

Several hedge funds have recently modified their holdings of NSSC. Danske Bank A S acquired a new stake in NAPCO Security Technologies in the third quarter valued at approximately $5,633,000. Advisory Services Network LLC purchased a new stake in shares of NAPCO Security Technologies in the third quarter valued at approximately $41,000. Jacobs Levy Equity Management Inc. raised its stake in shares of NAPCO Security Technologies by 1.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 438,327 shares of the industrial products company’s stock worth $18,826,000 after buying an additional 8,004 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in shares of NAPCO Security Technologies by 20.9% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 16,842 shares of the industrial products company’s stock valued at $715,000 after buying an additional 2,917 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in NAPCO Security Technologies in the 3rd quarter valued at $265,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

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.