DA Davidson Begins Coverage on Napco Security Technologies (NASDAQ:NSSC)

Equities research analysts at DA Davidson began coverage on shares of Napco Security Technologies (NASDAQ:NSSC) in a research note issued on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $52.00 price target on the industrial products company’s stock. DA Davidson’s price objective would indicate a potential upside of 18.56% from the stock’s previous close.

Other analysts have also issued research reports about the stock. StockNews.com lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Needham & Company LLC restated a “buy” rating and issued a $46.00 price target on shares of Napco Security Technologies in a research note on Friday, April 12th. Finally, Imperial Capital lowered shares of Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price target 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $36.67.

Napco Security Technologies Stock Up 1.1 %

NSSC opened at $43.86 on Friday. The firm has a market capitalization of $1.61 billion, a P/E ratio of 36.86 and a beta of 1.55. The firm’s 50 day moving average is $41.25 and its 200-day moving average is $34.44. Napco Security Technologies has a 52-week low of $17.76 and a 52-week high of $46.26.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $47.50 million for the quarter, compared to analyst estimates of $43.92 million. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share. Equities analysts expect that Napco Security Technologies will post 1.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Napco Security Technologies news, SVP Michael Carrieri sold 5,200 shares of Napco Security Technologies stock in a transaction on Friday, February 9th. The shares were sold at an average price of $45.92, for a total value of $238,784.00. Following the completion of the transaction, the senior vice president now owns 14,232 shares of the company’s stock, valued at $653,533.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Michael Carrieri sold 5,200 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $45.92, for a total transaction of $238,784.00. Following the completion of the transaction, the senior vice president now owns 14,232 shares of the company’s stock, valued at $653,533.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard Soloway sold 28,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $45.12, for a total transaction of $1,263,360.00. Following the transaction, the chief executive officer now directly owns 3,706,010 shares of the company’s stock, valued at approximately $167,215,171.20. The disclosure for this sale can be found here. Insiders sold a total of 93,200 shares of company stock valued at $3,987,644 over the last 90 days. 11.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Napco Security Technologies

Several hedge funds and other institutional investors have recently modified their holdings of NSSC. Arcadia Investment Management Corp MI lifted its holdings in Napco Security Technologies by 48.6% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 459 shares during the period. Allworth Financial LP lifted its holdings in Napco Security Technologies by 19.9% in the fourth quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 550 shares during the period. Quadrant Capital Group LLC lifted its holdings in Napco Security Technologies by 332.9% in the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 566 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Napco Security Technologies by 4.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,473 shares of the industrial products company’s stock worth $496,000 after purchasing an additional 603 shares during the period. Finally, RiverPark Advisors LLC lifted its holdings in Napco Security Technologies by 80.1% in the fourth quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 743 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Napco Security Technologies Company Profile

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.