Lake Street Capital Reiterates “Buy” Rating for Napco Security Technologies (NASDAQ:NSSC)

Lake Street Capital reiterated their buy rating on shares of Napco Security Technologies (NASDAQ:NSSC) in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has a $60.00 price objective on the industrial products company’s stock.

NSSC has been the subject of a number of other reports. TD Cowen initiated coverage on shares of Napco Security Technologies in a research note on Tuesday, May 28th. They set a buy rating and a $60.00 price objective for the company. Needham & Company LLC lifted their price objective 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. Craig Hallum reissued a buy rating and set a $65.00 target price (up from $50.00) on shares of Napco Security Technologies in a research note on Friday, May 24th. Finally, DA Davidson raised their target price on Napco Security Technologies from $53.00 to $55.00 and gave the stock a buy rating in a research report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Napco Security Technologies currently has an average rating of Moderate Buy and an average price target of $55.29.

Napco Security Technologies Stock Performance

Napco Security Technologies stock opened at $40.47 on Tuesday. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 32.12 and a beta of 1.64. Napco Security Technologies has a 1 year low of $17.76 and a 1 year high of $58.09. The firm’s 50 day moving average price is $49.34 and its two-hundred day moving average price is $46.82.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. The business had revenue of $50.33 million for the quarter, compared to analysts’ expectations of $50.18 million. During the same period in the previous year, the firm posted $0.28 EPS. As a group, equities analysts predict that Napco Security Technologies will post 1.85 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.24%. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, September 12th. Napco Security Technologies’s dividend payout ratio (DPR) is currently 39.68%.

Insider Buying and Selling at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the sale, the director now directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its position in Napco Security Technologies by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 235,900 shares of the industrial products company’s stock worth $8,080,000 after buying an additional 5,723 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Napco Security Technologies during the 4th quarter valued at about $794,000. Principal Financial Group Inc. raised its stake in shares of Napco Security Technologies by 31.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,996 shares of the industrial products company’s stock valued at $651,000 after acquiring an additional 4,547 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Napco Security Technologies by 332.9% in the 4th quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 566 shares during the last quarter. Finally, UBS Group AG boosted its position in Napco Security Technologies by 24.4% during the fourth quarter. UBS Group AG now owns 194,393 shares of the industrial products company’s stock worth $6,658,000 after purchasing an additional 38,117 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

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.