Napco Security Technologies, Inc. (NASDAQ:NSSC) to Post Q3 2023 Earnings of $0.18 Per Share, William Blair Forecasts

Napco Security Technologies, Inc. (NASDAQ:NSSC – Get Rating) – Analysts at William Blair issued their Q3 2023 earnings per share (EPS) estimates for Napco Security Technologies in a research note issued to investors on Wednesday, March 8th. William Blair analyst M. Pfau expects that the industrial products company will post earnings of $0.18 per share for the quarter. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Napco Security Technologies’ current full-year earnings is $0.86 per share. William Blair also issued estimates for Napco Security Technologies’ Q4 2023 earnings at $0.26 EPS and FY2023 earnings at $0.84 EPS.

A number of other research analysts have also recently commented on the company. Needham & Company LLC upped their price target 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. Lake Street Capital boosted their price objective on Napco Security Technologies from $32.00 to $40.00 in a research note on Tuesday, February 7th. Finally, B. Riley boosted their price objective on Napco Security Technologies from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.40.

Napco Security Technologies Price Performance

Shares of NASDAQ NSSC opened at $30.39 on Friday. Napco Security Technologies has a one year low of $15.60 and a one year high of $36.78. The business’s fifty day moving average price is $30.69 and its 200-day moving average price is $28.69. The stock has a market capitalization of $1.12 billion, a PE ratio of 44.69 and a beta of 1.11.

Napco Security Technologies (NASDAQ:NSSC – Get Rating) last posted its quarterly earnings data on Monday, February 6th. The industrial products company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.09. Napco Security Technologies had a return on equity of 21.50% and a net margin of 15.70%. The business had revenue of $42.31 million for the quarter, compared to analysts’ expectations of $38.95 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSSC. BlackRock Inc. increased its holdings in shares of Napco Security Technologies by 99.7% in the 1st quarter. BlackRock Inc. now owns 1,854,790 shares of the industrial products company’s stock worth $38,059,000 after purchasing an additional 925,876 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Napco Security Technologies by 104.9% in the 1st quarter. Vanguard Group Inc. now owns 1,635,449 shares of the industrial products company’s stock worth $33,559,000 after purchasing an additional 837,472 shares in the last quarter. Wasatch Advisors Inc. increased its holdings in shares of Napco Security Technologies by 80.4% in the 1st quarter. Wasatch Advisors Inc. now owns 1,619,409 shares of the industrial products company’s stock worth $33,230,000 after purchasing an additional 721,575 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Napco Security Technologies by 100.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,273,636 shares of the industrial products company’s stock worth $26,136,000 after purchasing an additional 638,478 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Napco Security Technologies by 206.7% in the 4th quarter. Millennium Management LLC now owns 766,498 shares of the industrial products company’s stock worth $21,063,000 after purchasing an additional 516,575 shares in the last quarter. Institutional investors own 84.49% of the company’s stock.

Insiders Place Their Bets

In other Napco Security Technologies news, CEO Richard Soloway sold 2,012,500 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 3,983,510 shares in the company, valued at approximately $125,480,565. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Kevin S. Buchel sold 12,500 shares of the stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $31.50, for a total value of $393,750.00. Following the completion of the transaction, the executive vice president now owns 99,829 shares of the company’s stock, valued at approximately $3,144,613.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard Soloway sold 2,012,500 shares of the stock in a transaction that occurred 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 directly owns 3,983,510 shares of the company’s stock, valued at approximately $125,480,565. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,400,000 shares of company stock worth $75,600,000. 21.50% of the stock is currently owned by company insiders.

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.