Napco Security Technologies (NASDAQ:NSSC) Price Target Raised to $45.00 at B. Riley

Napco Security Technologies (NASDAQ:NSSC) had its price objective lifted by B. Riley from $36.00 to $45.00 in a report published on Tuesday, Benzinga reports. B. Riley currently has a neutral rating on the industrial products company’s stock.

Several other equities analysts have also issued reports on the company. Imperial Capital lowered Napco Security Technologies from an outperform rating to an in-line rating and set a $45.00 price objective for the company. in a research report on Tuesday, February 6th. StockNews.com cut shares of Napco Security Technologies from a buy rating to a hold rating in a report on Tuesday, February 13th. DA Davidson began coverage on shares of Napco Security Technologies in a research report on Friday, April 26th. They set a buy rating and a $52.00 price objective for the company. Finally, Needham & Company LLC boosted their price objective on shares of Napco Security Technologies from $46.00 to $52.00 and gave the company a buy rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $41.83.

Napco Security Technologies Stock Performance

Shares of NASDAQ:NSSC opened at $45.74 on Tuesday. The company has a 50 day moving average price of $41.02 and a two-hundred day moving average price of $35.73. The company has a market capitalization of $1.68 billion, a PE ratio of 38.44 and a beta of 1.51. Napco Security Technologies has a 52 week low of $17.76 and a 52 week high of $46.41.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The business had revenue of $49.30 million for the quarter, compared to the consensus estimate of $48.16 million. During the same quarter last year, the business posted $0.29 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. On average, sell-side analysts forecast that Napco Security Technologies will post 1.31 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Monday, June 3rd. Napco Security Technologies’s dividend payout ratio (DPR) is currently 33.61%.

Insiders Place Their Bets

In other news, CFO Kevin S. Buchel sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $44.80, for a total value of $448,000.00. Following the completion of the transaction, the chief financial officer now owns 112,739 shares in the company, valued at approximately $5,050,707.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Napco Security Technologies news, CEO Richard Soloway sold 50,000 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the sale, the chief executive officer now directly owns 1,656,010 shares of the company’s stock, valued at $67,482,407.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin S. Buchel sold 10,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $44.80, for a total transaction of $448,000.00. Following the completion of the sale, the chief financial officer now owns 112,739 shares of the company’s stock, valued at approximately $5,050,707.20. The disclosure for this sale can be found here. Insiders have sold 93,200 shares of company stock valued at $3,987,644 in the last three months. 11.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Napco Security Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP increased its position in Napco Security Technologies by 168.9% during the fourth quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock worth $23,672,000 after buying an additional 434,164 shares during the last quarter. FMR LLC increased its holdings in shares of Napco Security Technologies by 29.0% during the 3rd quarter. FMR LLC now owns 1,577,159 shares of the industrial products company’s stock worth $35,092,000 after acquiring an additional 354,579 shares during the last quarter. abrdn plc raised its stake in Napco Security Technologies by 49.3% in the 4th quarter. abrdn plc now owns 883,726 shares of the industrial products company’s stock valued at $30,268,000 after acquiring an additional 291,920 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Napco Security Technologies by 323.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 276,905 shares of the industrial products company’s stock valued at $6,161,000 after purchasing an additional 211,506 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its position in Napco Security Technologies by 588.0% during the first quarter. Annex Advisory Services LLC now owns 234,594 shares of the industrial products company’s stock worth $9,421,000 after purchasing an additional 200,494 shares during the period. 85.07% of the stock is owned by institutional investors.

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.