A number of other brokerages have also weighed in on NSSC. ValuEngine raised Napco Security Technologies from a hold rating to a buy rating in a research report on Wednesday, January 2nd. William Blair initiated coverage on Napco Security Technologies in a research note on Friday, January 11th. They set an outperform rating and a $15.31 price target for the company. Canaccord Genuity boosted their price target on Napco Security Technologies from $19.00 to $24.00 and gave the company a buy rating in a research note on Tuesday, February 5th. Finally, Zacks Investment Research upgraded Napco Security Technologies from a hold rating to a buy rating and set a $23.00 price target for the company in a research note on Wednesday, March 13th. Five investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average target price of $26.10.
Shares of NSSC stock opened at $27.78 on Wednesday. Napco Security Technologies has a 12 month low of $11.51 and a 12 month high of $29.01. The firm has a market cap of $499.74 million, a PE ratio of 67.76 and a beta of 0.74.
Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, May 6th. The industrial products company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.06. Napco Security Technologies had a net margin of 11.12% and a return on equity of 17.34%. The firm had revenue of $25.10 million for the quarter, compared to analysts’ expectations of $23.54 million. During the same quarter in the previous year, the business posted $0.92 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. On average, sell-side analysts forecast that Napco Security Technologies will post 0.64 earnings per share for the current year.
In related news, SVP Jorge Hevia sold 7,823 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $20.90, for a total transaction of $163,500.70. Following the completion of the transaction, the senior vice president now directly owns 164,820 shares in the company, valued at approximately $3,444,738. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 38.10% of the company’s stock.
A number of hedge funds have recently bought and sold shares of NSSC. MetLife Investment Advisors LLC purchased a new stake in shares of Napco Security Technologies during the 1st quarter worth approximately $117,000. Metropolitan Life Insurance Co NY purchased a new stake in shares of Napco Security Technologies during the 1st quarter worth approximately $84,000. HighTower Advisors LLC raised its holdings in shares of Napco Security Technologies by 9.5% during the 1st quarter. HighTower Advisors LLC now owns 63,496 shares of the industrial products company’s stock worth $1,317,000 after acquiring an additional 5,496 shares in the last quarter. Coastal Investment Advisors Inc. purchased a new stake in shares of Napco Security Technologies during the 1st quarter worth approximately $63,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Napco Security Technologies during the 1st quarter worth approximately $78,000. Institutional investors and hedge funds own 37.73% of the company’s stock.
About Napco Security Technologies
Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.
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