Napco Security Technologies, Inc. (NASDAQ:NSSC) has been given a consensus rating of “Buy” by the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $36.00.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Friday. Canaccord Genuity increased their target price on shares of Napco Security Technologies from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, February 9th. Lake Street Capital increased their target price on shares of Napco Security Technologies from $29.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, February 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $35.00 target price on shares of Napco Security Technologies in a report on Tuesday, February 9th.
In other Napco Security Technologies news, SVP Kevin S. Buchel sold 3,125 shares of the firm’s stock in a transaction dated Wednesday, May 12th. The shares were sold at an average price of $32.72, for a total value of $102,250.00. Following the completion of the sale, the senior vice president now directly owns 199,278 shares in the company, valued at $6,520,376.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donna Anne Soloway sold 29,360 shares of the firm’s stock in a transaction dated Friday, May 14th. The stock was sold at an average price of $31.84, for a total transaction of $934,822.40. Following the completion of the sale, the director now owns 33,291 shares of the company’s stock, valued at $1,059,985.44. The disclosure for this sale can be found here. Insiders sold 69,789 shares of company stock valued at $2,245,044 over the last 90 days. 35.70% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new position in shares of Napco Security Technologies during the first quarter valued at approximately $1,483,000. California State Teachers Retirement System lifted its holdings in shares of Napco Security Technologies by 20.7% during the first quarter. California State Teachers Retirement System now owns 21,466 shares of the industrial products company’s stock valued at $748,000 after purchasing an additional 3,687 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Napco Security Technologies by 4.4% during the first quarter. Nuveen Asset Management LLC now owns 48,245 shares of the industrial products company’s stock valued at $1,680,000 after purchasing an additional 2,027 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Napco Security Technologies by 153.1% during the first quarter. Thrivent Financial for Lutherans now owns 920,532 shares of the industrial products company’s stock valued at $32,063,000 after purchasing an additional 556,869 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Napco Security Technologies during the first quarter valued at approximately $1,183,000. Hedge funds and other institutional investors own 48.20% of the company’s stock.
Shares of NASDAQ NSSC traded up $0.25 during trading hours on Tuesday, reaching $33.90. 52,225 shares of the stock were exchanged, compared to its average volume of 80,795. The firm has a market capitalization of $622.10 million, a price-to-earnings ratio of 80.72 and a beta of 1.36. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.11 and a current ratio of 5.53. Napco Security Technologies has a 52 week low of $17.84 and a 52 week high of $37.41. The stock’s fifty day simple moving average is $34.09 and its 200 day simple moving average is $30.62.
Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, May 10th. The industrial products company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.05. Napco Security Technologies had a return on equity of 11.96% and a net margin of 7.74%. Research analysts predict that Napco Security Technologies will post 0.72 EPS for the current fiscal year.
About Napco Security Technologies
Napco Security Technologies, Inc develops, manufactures, and sells 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.
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