Napco Security Technologies, Inc. Expected to Earn FY2023 Earnings of $0.96 Per Share (NASDAQ:NSSC)

Napco Security Technologies, Inc. (NASDAQ:NSSC – Get Rating) – Analysts at B. Riley increased their FY2023 earnings per share estimates for shares of Napco Security Technologies in a note issued to investors on Wednesday, May 10th. B. Riley analyst R. Sharma now forecasts that the industrial products company will post earnings of $0.96 per share for the year, up from their prior forecast of $0.86. B. Riley has a “Buy” rating and a $38.00 price objective on the stock. The consensus estimate for Napco Security Technologies’ current full-year earnings is $0.85 per share. B. Riley also issued estimates for Napco Security Technologies’ Q4 2023 earnings at $0.27 EPS, Q4 2023 earnings at $0.27 EPS, Q2 2024 earnings at $0.28 EPS, Q3 2024 earnings at $0.32 EPS, Q4 2024 earnings at $0.33 EPS and FY2024 earnings at $1.18 EPS.

Napco Security Technologies (NASDAQ:NSSC – Get Rating) last posted its earnings results on Monday, May 8th. The industrial products company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $43.53 million during the quarter, compared to analyst estimates of $42.16 million. Napco Security Technologies had a return on equity of 27.38% and a net margin of 19.71%. During the same quarter in the previous year, the firm earned $0.08 EPS.

Other research analysts have also issued research reports about the company. William Blair started coverage on Napco Security Technologies in a report on Wednesday, March 8th. They set an “outperform” rating for the company. Lake Street Capital boosted their price objective on Napco Security Technologies from $32.00 to $40.00 in a report on Tuesday, February 7th. StockNews.com started coverage on Napco Security Technologies in a report on Thursday, March 16th. They set a “hold” rating for the company. Needham & Company LLC boosted their price objective on Napco Security Technologies from $34.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, February 13th. Finally, 1-800-FLOWERS.COM restated a “reiterates” rating on shares of Napco Security Technologies in a research report on Tuesday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Napco Security Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $39.40.

Napco Security Technologies Trading Up 1.3 %

Shares of NASDAQ NSSC opened at $33.61 on Thursday. Napco Security Technologies has a 12 month low of $15.60 and a 12 month high of $39.22. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 49.43 and a beta of 1.15. The business has a 50-day moving average of $33.56 and a 200-day moving average of $30.24.

Hedge Funds Weigh In On Napco Security Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its stake in Napco Security Technologies by 16.3% in the third quarter. Russell Investments Group Ltd. now owns 413,455 shares of the industrial products company’s stock worth $12,021,000 after purchasing an additional 58,027 shares during the period. M&G Investment Management Ltd. purchased a new stake in Napco Security Technologies in the fourth quarter worth $2,680,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Napco Security Technologies by 68.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,343 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 1,770 shares during the period. Arizona State Retirement System purchased a new stake in Napco Security Technologies in the third quarter worth $247,000. Finally, Redwood Investments LLC purchased a new stake in Napco Security Technologies in the fourth quarter worth $9,346,000. Institutional investors own 84.49% of the company’s stock.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, EVP Kevin S. Buchel sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $31.50, for a total value of $393,750.00. Following the completion of the sale, the executive vice president now owns 99,829 shares in the company, valued at $3,144,613.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Richard Soloway sold 2,012,500 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $31.50, for a total transaction of $63,393,750.00. Following the completion of the transaction, the chief executive officer now owns 3,983,510 shares in the company, valued at $125,480,565. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kevin S. Buchel sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $31.50, for a total value of $393,750.00. Following the transaction, the executive vice president now owns 99,829 shares of the company’s stock, valued at approximately $3,144,613.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,400,000 shares of company stock worth $75,600,000. 21.50% of the stock is currently owned by insiders.

Napco Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Monday, May 22nd will be given a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 19th. This represents a $0.25 annualized dividend and a yield of 0.74%.

About Napco Security Technologies

(Get Rating)

Napco Security Technologies, Inc engages in the development, manufacture, and distribution of security products. Its products include access control systems, door security products, intrusion and fire alarm systems, video surveillance products, and cellular communications services. The company was founded in 1969 and is headquartered in Amityville, NY.