Canaccord Genuity Increases Napco Security Technologies (NASDAQ:NSSC) Price Target to $48.00

Napco Security Technologies (NASDAQ:NSSC) had its price objective increased by Canaccord Genuity from $38.00 to $48.00 in a research report sent to investors on Tuesday morning, The Fly reports. Canaccord Genuity currently has a buy rating on the industrial products company’s stock.

Several other equities research analysts have also recently issued reports on the company. B. Riley lifted their target price on Napco Security Technologies from $40.00 to $45.00 and gave the stock a buy rating in a report on Tuesday. Needham & Company LLC boosted their target price on Napco Security Technologies from $39.00 to $50.00 and gave the company a buy rating in a research report on Tuesday. Lake Street Capital increased their target price on Napco Security Technologies from $41.00 to $48.00 and gave the stock a buy rating in a research note on Tuesday. Finally, Zacks Investment Research lowered Napco Security Technologies from a hold rating to a sell rating in a research report on Thursday, September 9th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Buy and a consensus price target of $45.80.

Shares of NASDAQ:NSSC opened at $41.30 on Tuesday. The company has a current ratio of 5.45, a quick ratio of 3.71 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $36.62 and a two-hundred day simple moving average of $35.12. Napco Security Technologies has a 12-month low of $22.28 and a 12-month high of $45.48. The stock has a market capitalization of $757.90 million, a price-to-earnings ratio of 93.87 and a beta of 1.37.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Sunday, September 12th. The industrial products company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Napco Security Technologies had a return on equity of 11.92% and a net margin of 7.85%. As a group, equities research analysts predict that Napco Security Technologies will post 0.79 EPS for the current year.

In related news, SVP Kevin S. Buchel sold 1,696 shares of Napco Security Technologies stock in a transaction on Friday, September 17th. The shares were sold at an average price of $42.04, for a total value of $71,299.84. Following the transaction, the senior vice president now directly owns 153,121 shares in the company, valued at approximately $6,437,206.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard Soloway sold 10,558 shares of the stock in a transaction on Friday, September 17th. The shares were sold at an average price of $41.94, for a total value of $442,802.52. The disclosure for this sale can be found here. Insiders sold 69,058 shares of company stock valued at $2,959,465 in the last three months. 35.70% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Lakeview Capital Partners LLC purchased a new position in shares of Napco Security Technologies in the first quarter valued at $28,000. Advisor Group Holdings Inc. lifted its holdings in shares of Napco Security Technologies by 137.7% in the 2nd quarter. Advisor Group Holdings Inc. now owns 1,455 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 843 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Napco Security Technologies during the 1st quarter valued at $60,000. Metropolitan Life Insurance Co NY bought a new position in Napco Security Technologies during the first quarter valued at about $84,000. Finally, Trexquant Investment LP purchased a new position in Napco Security Technologies in the 2nd quarter worth about $225,000. Institutional investors own 67.38% of the company’s stock.

About Napco Security Technologies

Napco Security Technologies, Inc engages in the development, manufacture, and distribution of security products. It operates though Domestic and Foreign geographical segments. Its products include access control systems, door security products, intrusion and fire alarm systems, video surveillance products, and cellular communications services.

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