Napco Security Technologies, Inc. (NASDAQ:NSSC) Given Consensus Rating of “Moderate Buy” by Analysts

Napco Security Technologies, Inc. (NASDAQ:NSSC) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $54.14.

NSSC has been the topic of a number of recent analyst reports. Craig Hallum restated a “buy” rating and set a $65.00 price target (up from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. TD Cowen began coverage on shares of Napco Security Technologies in a report on Tuesday, May 28th. They issued a “buy” rating and a $60.00 target price on the stock. Lake Street Capital boosted their target price on shares of Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. DA Davidson began coverage on shares of Napco Security Technologies in a report on Friday, April 26th. They issued a “buy” rating and a $52.00 target price on the stock. Finally, Needham & Company LLC boosted their target price on shares of Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th.

Insider Transactions at Napco Security Technologies

In other news, CEO Richard Soloway sold 250,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total value of $11,050,000.00. Following the completion of the sale, the chief executive officer now owns 1,406,010 shares of the company’s stock, valued at $62,145,642. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Napco Security Technologies news, SVP Stephen M. Spinelli sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.13, for a total transaction of $156,390.00. Following the transaction, the senior vice president now directly owns 24,928 shares in the company, valued at $1,299,496.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard Soloway sold 250,000 shares of Napco Security Technologies stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total value of $11,050,000.00. Following the completion of the transaction, the chief executive officer now owns 1,406,010 shares in the company, valued at $62,145,642. The disclosure for this sale can be found here. 11.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Napco Security Technologies

A number of institutional investors have recently made changes to their positions in NSSC. Quadrant Capital Group LLC increased its stake in shares of Napco Security Technologies by 332.9% in the fourth 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 period. Hollencrest Capital Management bought a new position in shares of Napco Security Technologies in the first quarter worth about $27,000. First Horizon Advisors Inc. grew its position in Napco Security Technologies by 810.3% during the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock worth $27,000 after buying an additional 470 shares in the last quarter. Whittier Trust Co. acquired a new stake in Napco Security Technologies during the first quarter worth about $28,000. Finally, EntryPoint Capital LLC acquired a new stake in Napco Security Technologies during the first quarter worth about $46,000. 85.07% of the stock is currently owned by institutional investors.

Napco Security Technologies Trading Down 4.5 %

NSSC stock opened at $51.97 on Friday. Napco Security Technologies has a 52 week low of $17.76 and a 52 week high of $57.37. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 41.25 and a beta of 1.62. The firm’s 50-day moving average is $52.70 and its two-hundred day moving average is $45.19.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Napco Security Technologies had a net margin of 25.58% and a return on equity of 30.50%. The company had revenue of $49.30 million for the quarter, compared to the consensus estimate of $48.16 million. During the same period in the previous year, the firm earned $0.29 EPS. Napco Security Technologies’s revenue was up 13.3% on a year-over-year basis. On average, equities research analysts predict that Napco Security Technologies will post 1.35 earnings per share for the current year.

About Napco Security Technologies

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.