Napco Security Technologies (NASDAQ:NSSC) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Napco Security Technologies (NASDAQ:NSSC – Get Rating) in a report released on Thursday. The brokerage issued a hold rating on the industrial products company’s stock.

NSSC has been the subject of several other research reports. William Blair started coverage on Napco Security Technologies in a research report on Wednesday, March 8th. They set an outperform rating for the company. B. Riley lifted their price objective on Napco Security Technologies from $34.00 to $38.00 and gave the company a buy rating in a research report on Wednesday, February 8th. Needham & Company LLC lifted their price objective on Napco Security Technologies from $34.00 to $39.00 and gave the company a buy rating in a research report on Monday, February 13th. Finally, Lake Street Capital lifted their price objective on Napco Security Technologies from $32.00 to $40.00 in a research report on Tuesday, February 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $39.40.

Napco Security Technologies Trading Down 2.4 %

Shares of NASDAQ:NSSC opened at $33.54 on Thursday. Napco Security Technologies has a 1-year low of $15.60 and a 1-year high of $36.78. The firm has a market capitalization of $1.23 billion, a PE ratio of 49.32 and a beta of 1.11. The business’s 50 day moving average is $31.27 and its 200-day moving average is $28.89.

Napco Security Technologies (NASDAQ:NSSC – Get Rating) last posted its earnings results on Monday, February 6th. The industrial products company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.14 by $0.09. The business had revenue of $42.31 million during the quarter, compared to the consensus estimate of $38.95 million. Napco Security Technologies had a return on equity of 21.50% and a net margin of 15.70%. During the same quarter last year, the company earned $0.03 EPS. On average, sell-side analysts predict that Napco Security Technologies will post 0.85 EPS for the current year.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, CEO Richard Soloway sold 2,012,500 shares of Napco Security Technologies stock in a transaction on Monday, February 13th. The stock was sold at an average price of $31.50, for a total value of $63,393,750.00. Following the completion of the transaction, the chief executive officer now owns 3,983,510 shares in the company, valued at approximately $125,480,565. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Richard Soloway sold 2,012,500 shares of the business’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $31.50, for a total transaction of $63,393,750.00. Following the completion of the sale, the chief executive officer now owns 3,983,510 shares in the company, valued at $125,480,565. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kevin S. Buchel sold 87,500 shares of the business’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $31.50, for a total value of $2,756,250.00. Following the sale, the executive vice president now owns 112,329 shares of the company’s stock, valued at approximately $3,538,363.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,400,000 shares of company stock worth $75,600,000. 21.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Napco Security Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in NSSC. Altshuler Shaham Ltd bought a new stake in shares of Napco Security Technologies during the third quarter worth $33,000. Great West Life Assurance Co. Can grew its stake in shares of Napco Security Technologies by 100.0% during the first quarter. Great West Life Assurance Co. Can now owns 1,628 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 814 shares during the period. Ensign Peak Advisors Inc acquired a new stake in shares of Napco Security Technologies during the third quarter worth $42,000. Ameritas Investment Partners Inc. grew its stake in shares of Napco Security Technologies by 100.0% during the first quarter. Ameritas Investment Partners Inc. now owns 2,090 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 1,045 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Napco Security Technologies during the second quarter worth $43,000. Institutional investors own 84.49% of the company’s stock.

About Napco Security Technologies

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Napco Security Technologies, Inc engages in the development, manufacture, and distribution of security products. Its products include access control systems, door security products, intrusion and fire alarm systems, video surveillance products, and cellular communications services. The company was founded in 1969 and is headquartered in Amityville, NY.