Napco Security Technologies (NASDAQ:NSSC – Get Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.
Other research analysts have also recently issued reports about the company. Needham & Company LLC boosted their target price on Napco Security Technologies from $36.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Imperial Capital cut Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 target price for the company. in a research note on Tuesday, February 6th. Finally, B. Riley decreased their target price on Napco Security Technologies from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Napco Security Technologies presently has an average rating of “Hold” and an average price target of $33.60.
Napco Security Technologies Stock Up 2.5 %
Shares of Napco Security Technologies stock opened at $46.11 on Tuesday. Napco Security Technologies has a 12 month low of $17.76 and a 12 month high of $46.26. The business has a fifty day simple moving average of $35.08 and a 200 day simple moving average of $29.20. The stock has a market cap of $1.70 billion, a PE ratio of 38.75 and a beta of 1.55.
Napco Security Technologies (NASDAQ:NSSC – Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The business had revenue of $47.50 million during the quarter, compared to analysts’ expectations of $43.92 million. During the same period in the previous year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. Analysts expect that Napco Security Technologies will post 1.3 EPS for the current fiscal year.
Insider Buying and Selling
In other Napco Security Technologies news, SVP Michael Carrieri sold 5,200 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $45.92, for a total transaction of $238,784.00. Following the transaction, the senior vice president now owns 14,232 shares of the company’s stock, valued at $653,533.44. The sale was disclosed in a document filed with the SEC, which is available through this link. 11.54% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Napco Security Technologies
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in shares of Napco Security Technologies by 99.7% in the first quarter. BlackRock Inc. now owns 1,854,790 shares of the industrial products company’s stock valued at $38,059,000 after purchasing an additional 925,876 shares during the last quarter. Vanguard Group Inc. grew its position in Napco Security Technologies by 104.9% during the first quarter. Vanguard Group Inc. now owns 1,635,449 shares of the industrial products company’s stock worth $33,559,000 after buying an additional 837,472 shares in the last quarter. Wasatch Advisors Inc. grew its position in Napco Security Technologies by 80.4% during the first quarter. Wasatch Advisors Inc. now owns 1,619,409 shares of the industrial products company’s stock worth $33,230,000 after buying an additional 721,575 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Napco Security Technologies by 100.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,273,636 shares of the industrial products company’s stock worth $26,136,000 after buying an additional 638,478 shares in the last quarter. Finally, abrdn plc acquired a new stake in Napco Security Technologies during the second quarter worth approximately $21,497,000. Institutional investors and hedge funds own 87.65% of the company’s stock.
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.