Napco Security Technologies (NASDAQ:NSSC) Given New $52.00 Price Target at Needham & Company LLC

Napco Security Technologies (NASDAQ:NSSC) had its price target increased by stock analysts at Needham & Company LLC from $46.00 to $52.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s price target would indicate a potential upside of 16.99% from the stock’s previous close.

NSSC has been the subject of a number of other reports. StockNews.com downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Imperial Capital lowered shares of Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 target price for the company. in a research note on Tuesday, February 6th. Finally, DA Davidson initiated coverage on shares of Napco Security Technologies in a research report on Friday, April 26th. They issued a “buy” rating and a $52.00 price target on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Napco Security Technologies presently has a consensus rating of “Hold” and an average price target of $41.83.

Napco Security Technologies Trading Down 2.8 %

Shares of NASDAQ:NSSC opened at $44.45 on Tuesday. Napco Security Technologies has a twelve month low of $17.76 and a twelve month high of $46.41. The firm has a market cap of $1.63 billion, a P/E ratio of 37.35 and a beta of 1.51. The company has a 50 day moving average of $41.02 and a 200-day moving average of $35.79.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The firm had revenue of $49.30 million during the quarter, compared to analyst estimates of $48.16 million. During the same period last year, the company posted $0.29 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. Equities research analysts forecast that Napco Security Technologies will post 1.31 EPS for the current year.

Insider Buying and Selling

In other news, SVP Michael Carrieri sold 5,200 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $45.92, for a total transaction of $238,784.00. Following the transaction, the senior vice president now owns 14,232 shares in the company, valued at approximately $653,533.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Napco Security Technologies news, CFO Kevin S. Buchel sold 10,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $44.80, for a total value of $448,000.00. Following the transaction, the chief financial officer now owns 112,739 shares of the company’s stock, valued at $5,050,707.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Michael Carrieri sold 5,200 shares of Napco Security Technologies stock in a transaction dated 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 directly owns 14,232 shares of the company’s stock, valued at $653,533.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 343,200 shares of company stock worth $15,037,644. Corporate insiders own 11.54% of the company’s stock.

Institutional Investors Weigh In On Napco Security Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSSC. Vanguard Group Inc. grew its stake in shares of Napco Security Technologies by 5.3% during the third quarter. Vanguard Group Inc. now owns 2,399,096 shares of the industrial products company’s stock valued at $53,380,000 after purchasing an additional 120,842 shares during the last quarter. FMR LLC raised its position in shares of Napco Security Technologies by 29.0% during the third quarter. FMR LLC now owns 1,577,159 shares of the industrial products company’s stock worth $35,092,000 after acquiring an additional 354,579 shares during the last quarter. GW&K Investment Management LLC lifted 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 during the period. abrdn plc boosted its holdings in Napco Security Technologies by 49.3% in 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 during the last quarter. Finally, Wellington Management Group LLP increased its position in Napco Security Technologies by 168.9% in the fourth quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock worth $23,672,000 after purchasing an additional 434,164 shares during the period. Institutional investors and hedge funds 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.