NAPCO Security Technologies’ (NSSC) “Buy” Rating Reiterated at Canaccord Genuity
NAPCO Security Technologies, Inc. (NASDAQ:NSSC)‘s stock had its “buy” rating restated by Canaccord Genuity in a report released on Thursday. They presently have a $12.00 target price on the industrial products company’s stock. Canaccord Genuity’s price objective would indicate a potential upside of 34.83% from the company’s current price.
Shares of NAPCO Security Technologies (NSSC) traded up 0.56% during midday trading on Thursday, reaching $8.95. 36,304 shares of the company’s stock traded hands. The stock’s 50 day moving average is $9.36 and its 200-day moving average is $9.58. NAPCO Security Technologies has a 52 week low of $6.39 and a 52 week high of $10.95. The company has a market capitalization of $168.65 million, a PE ratio of 28.96 and a beta of 0.52.
NAPCO Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, May 8th. The industrial products company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The firm had revenue of $20.80 million during the quarter, compared to analyst estimates of $21.50 million. NAPCO Security Technologies had a net margin of 6.78% and a return on equity of 11.09%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company posted $0.02 EPS. On average, analysts forecast that NAPCO Security Technologies will post $0.32 earnings per share for the current fiscal year.
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In related news, Director Paul Stephen Beeber sold 2,886 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $9.20, for a total transaction of $26,551.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 37.81% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of NSSC. Taylor Wealth Management Partners raised its stake in NAPCO Security Technologies by 507.0% in the second quarter. Taylor Wealth Management Partners now owns 232,625 shares of the industrial products company’s stock worth $2,187,000 after buying an additional 194,300 shares during the last quarter. Kennedy Capital Management Inc. bought a new stake in NAPCO Security Technologies during the second quarter worth approximately $1,225,000. Cadence Capital Management LLC bought a new stake in NAPCO Security Technologies during the first quarter worth approximately $653,000. EAM Investors LLC bought a new stake in NAPCO Security Technologies during the first quarter worth approximately $598,000. Finally, Goldman Sachs Group Inc. bought a new stake in NAPCO Security Technologies during the first quarter worth approximately $496,000. 24.60% of the stock is currently owned by institutional investors and hedge funds.
About NAPCO Security Technologies
NAPCO Security Technologies, Inc is a manufacturer of security products, encompassing access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products. These products are used for commercial, residential, institutional, industrial and governmental applications, and are sold across the world principally to independent distributors, dealers and installers of security equipment.
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