Napco Security Technologies (NASDAQ:NSSC) Issues Earnings Results

Napco Security Technologies (NASDAQ:NSSC) released its quarterly earnings data on Monday. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01, RTT News reports. Napco Security Technologies had a return on equity of 30.50% and a net margin of 25.58%. The business had revenue of $50.33 million for the quarter, compared to the consensus estimate of $50.18 million. During the same quarter in the previous year, the company posted $0.28 EPS.

Napco Security Technologies Stock Up 2.2 %

Shares of Napco Security Technologies stock opened at $47.40 on Thursday. The stock’s fifty day moving average is $53.39 and its two-hundred day moving average is $47.37. The company has a market capitalization of $1.75 billion, a PE ratio of 37.62 and a beta of 1.62. Napco Security Technologies has a 52 week low of $17.76 and a 52 week high of $58.09.

Napco Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.05%. The ex-dividend date is Thursday, September 12th. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.10. Napco Security Technologies’s dividend payout ratio is 31.75%.

Analyst Ratings Changes

A number of research firms have issued reports on NSSC. Needham & Company LLC lifted their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday. Craig Hallum reissued a “buy” rating and set a $65.00 target price (up previously from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. DA Davidson boosted their target price on Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday. TD Cowen assumed coverage on Napco Security Technologies in a research report on Tuesday, May 28th. They set a “buy” rating and a $60.00 target price on the stock. Finally, B. Riley boosted their target price on Napco Security Technologies from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.29.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, SVP Stephen M. Spinelli sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.13, for a total value of $156,390.00. Following the transaction, the senior vice president now owns 24,928 shares of the company’s stock, valued at approximately $1,299,496.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.54% of the stock is currently owned by corporate insiders.

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.