Napco Security Technologies (NASDAQ:NSSC) Price Target Raised to $52.00

Napco Security Technologies (NASDAQ:NSSC) had its price target boosted by analysts at Needham & Company LLC from $46.00 to $52.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 14.79% from the company’s previous close.

NSSC has been the topic of a number of other reports. StockNews.com cut Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. DA Davidson initiated coverage on shares of Napco Security Technologies in a report on Friday, April 26th. They issued a “buy” rating and a $52.00 target price for the company. Finally, Imperial Capital cut shares of Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price objective for the company. in a research note on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $37.67.

Napco Security Technologies Stock Performance

NASDAQ NSSC opened at $45.30 on Tuesday. Napco Security Technologies has a one year low of $17.76 and a one year high of $46.26. The stock has a 50-day moving average of $41.01 and a 200 day moving average of $35.54. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 38.07 and a beta of 1.51.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The company had revenue of $49.30 million for the quarter, compared to the consensus estimate of $48.16 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities analysts predict that Napco Security Technologies will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Richard Soloway sold 50,000 shares of Napco Security Technologies stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $40.75, for a total value of $2,037,500.00. Following the completion of the transaction, the chief executive officer now owns 1,656,010 shares in the company, valued at $67,482,407.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Richard Soloway sold 50,000 shares of Napco Security Technologies stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $40.75, for a total value of $2,037,500.00. Following the completion of the transaction, the chief executive officer now owns 1,656,010 shares in the company, valued at $67,482,407.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevin S. Buchel sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $44.80, for a total transaction of $448,000.00. Following the completion of the sale, the chief financial officer now directly owns 112,739 shares of the company’s stock, valued at approximately $5,050,707.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,200 shares of company stock worth $3,987,644. Corporate insiders own 11.54% of the company’s stock.

Institutional Trading of Napco Security Technologies

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Napco Security Technologies by 5.3% in the third quarter. Vanguard Group Inc. now owns 2,399,096 shares of the industrial products company’s stock worth $53,380,000 after purchasing an additional 120,842 shares during the last quarter. FMR LLC lifted its stake in Napco Security Technologies by 29.0% in the third quarter. FMR LLC now owns 1,577,159 shares of the industrial products company’s stock worth $35,092,000 after purchasing an additional 354,579 shares during the last quarter. GW&K Investment Management LLC raised its stake in shares of Napco Security Technologies by 3.6% during the fourth quarter. GW&K Investment Management LLC now owns 1,149,474 shares of the industrial products company’s stock valued at $39,369,000 after acquiring an additional 40,166 shares in the last quarter. abrdn plc raised its stake in shares of Napco Security Technologies by 49.3% during the fourth quarter. abrdn plc now owns 883,726 shares of the industrial products company’s stock valued at $30,268,000 after acquiring an additional 291,920 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Napco Security Technologies by 168.9% during the fourth quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock valued at $23,672,000 after acquiring an additional 434,164 shares in the last quarter. Institutional investors own 85.07% 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.