Napco Security Technologies (NASDAQ:NSSC) Announces Earnings Results

Napco Security Technologies (NASDAQ:NSSC) issued its earnings results on Monday. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05), Briefing.com reports. The firm had revenue of $44.00 million during the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 earnings per share.

Napco Security Technologies Trading Down 10.6 %

NASDAQ:NSSC opened at $34.51 on Tuesday. The firm has a market capitalization of $1.27 billion, a PE ratio of 25.75 and a beta of 1.64. Napco Security Technologies has a 1 year low of $21.31 and a 1 year high of $58.09. The firm’s fifty day simple moving average is $40.07 and its 200 day simple moving average is $46.85.

Napco Security Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.45%. Napco Security Technologies’s dividend payout ratio is currently 37.31%.

Analysts Set New Price Targets

A number of equities analysts recently commented on NSSC shares. DA Davidson increased their price objective on Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Needham & Company LLC boosted their target price on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Finally, Lake Street Capital restated a “buy” rating and set a $60.00 price target on shares of Napco Security Technologies in a report on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company 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 news, Director Paul Stephen Beeber sold 708 shares of Napco Security Technologies stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the transaction, the director now directly owns 2,681 shares in the company, valued at approximately $99,518.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.24% of the company’s stock.

About Napco Security Technologies

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.