NAPCO Security Technologies (NASDAQ:NSSC) Given “Buy” Rating at DA Davidson

NAPCO Security Technologies (NASDAQ:NSSCGet Free Report)‘s stock had its “buy” rating reiterated by stock analysts at DA Davidson in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $52.00 target price on the industrial products company’s stock. DA Davidson’s price objective would suggest a potential upside of 25.97% from the company’s previous close.

A number of other analysts have also weighed in on NSSC. TD Cowen reissued a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a report on Monday, April 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $49.00 target price (up from $47.00) on shares of NAPCO Security Technologies in a report on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, NAPCO Security Technologies presently has an average rating of “Moderate Buy” and an average price target of $48.67.

Read Our Latest Stock Report on NAPCO Security Technologies

NAPCO Security Technologies Trading Up 4.2%

Shares of NAPCO Security Technologies stock traded up $1.67 during midday trading on Tuesday, reaching $41.28. The company had a trading volume of 304,367 shares, compared to its average volume of 561,182. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 31.13 and a beta of 1.54. The stock has a fifty day simple moving average of $43.25 and a 200 day simple moving average of $42.20. NAPCO Security Technologies has a 1-year low of $24.13 and a 1-year high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSCGet Free Report) last issued its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $49.17 million during the quarter, compared to analyst estimates of $49.26 million. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. NAPCO Security Technologies’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. Sell-side analysts expect that NAPCO Security Technologies will post 1.46 earnings per share for the current year.

Insider Buying and Selling

In other NAPCO Security Technologies news, CEO Richard Soloway sold 129,682 shares of NAPCO Security Technologies stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the completion of the sale, the chief executive officer owned 1,152,276 shares of the company’s stock, valued at approximately $51,840,897.24. The trade was a 10.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.65% of the company’s stock.

Hedge Funds Weigh In On NAPCO Security Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC acquired a new position in shares of NAPCO Security Technologies in the 3rd quarter valued at $25,000. Maseco LLP acquired a new position in shares of NAPCO Security Technologies in the 4th quarter valued at $25,000. IFP Advisors Inc grew its holdings in shares of NAPCO Security Technologies by 193.3% in the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock valued at $25,000 after buying an additional 377 shares during the period. State of Wyoming acquired a new position in shares of NAPCO Security Technologies in the 3rd quarter valued at $41,000. Finally, Advisory Services Network LLC acquired a new position in shares of NAPCO Security Technologies in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

NAPCO Security Technologies News Summary

Here are the key news stories impacting NAPCO Security Technologies this week:

About NAPCO Security Technologies

(Get Free Report)

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.

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Analyst Recommendations for NAPCO Security Technologies (NASDAQ:NSSC)

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