Napco Security Technologies (NASDAQ:NSSC) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Napco Security Technologies (NASDAQ:NSSCGet Free Report) announced its quarterly earnings data on Monday. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08, MarketWatch Earnings reports. Napco Security Technologies had a return on equity of 29.80% and a net margin of 23.42%. The company had revenue of $47.50 million during the quarter, compared to the consensus estimate of $43.92 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year.

Napco Security Technologies Price Performance

NASDAQ NSSC opened at $42.55 on Tuesday. Napco Security Technologies has a fifty-two week low of $17.76 and a fifty-two week high of $42.83. The stock’s 50-day moving average is $33.66 and its two-hundred day moving average is $28.90. The firm has a market cap of $1.56 billion, a P/E ratio of 39.40 and a beta of 1.55.

Napco Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be issued a dividend of $0.10 per share. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.94%. Napco Security Technologies’s dividend payout ratio (DPR) is 29.63%.

Hedge Funds Weigh In On Napco Security Technologies

Several institutional investors have recently bought and sold shares of NSSC. Advisor Group Holdings Inc. raised its holdings in Napco Security Technologies by 190.5% during the first quarter. Advisor Group Holdings Inc. now owns 13,579 shares of the industrial products company’s stock valued at $279,000 after buying an additional 8,905 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Napco Security Technologies by 69.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,500 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 5,920 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Napco Security Technologies by 104.2% in the first quarter. Bank of New York Mellon Corp now owns 110,014 shares of the industrial products company’s stock worth $2,258,000 after purchasing an additional 56,142 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Napco Security Technologies by 95.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,628 shares of the industrial products company’s stock worth $505,000 after purchasing an additional 12,014 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Napco Security Technologies by 2.9% in the first quarter. HighTower Advisors LLC now owns 66,210 shares of the industrial products company’s stock worth $1,360,000 after purchasing an additional 1,884 shares during the period. 87.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NSSC shares. Needham & Company LLC increased their target price on Napco Security Technologies from $36.00 to $46.00 and gave the company a “buy” rating in a report on Monday. StockNews.com upgraded Napco Security Technologies from a “hold” rating to a “buy” rating in a report on Monday. Finally, B. Riley reduced their target price on Napco Security Technologies from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.75.

Read Our Latest Stock Report on Napco Security Technologies

About Napco Security Technologies

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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.

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Earnings History for Napco Security Technologies (NASDAQ:NSSC)

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