Napco Security Technologies (NASDAQ:NSSC) Price Target Raised to $45.00 at B. Riley

Napco Security Technologies (NASDAQ:NSSC) had its price objective lifted by stock analysts at B. Riley from $36.00 to $45.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. B. Riley’s price target would suggest a potential upside of 1.24% from the stock’s previous close. B. Riley also issued estimates for Napco Security Technologies’ FY2024 earnings at $1.33 EPS, Q1 2025 earnings at $0.36 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.41 EPS and FY2025 earnings at $1.53 EPS.

NSSC has been the topic of several other research reports. Needham & Company LLC upped their price objective on shares of Napco Security Technologies from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Imperial Capital cut Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price objective on the stock. in a report on Tuesday, February 6th. Finally, DA Davidson started coverage on Napco Security Technologies in a research note on Friday, April 26th. They issued a “buy” rating and a $52.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.83.

Napco Security Technologies Stock Performance

Shares of NASDAQ:NSSC opened at $44.45 on Tuesday. Napco Security Technologies has a one year low of $17.76 and a one year high of $46.41. The stock has a market cap of $1.63 billion, a PE ratio of 37.35 and a beta of 1.51. The business’s fifty day moving average price is $41.02 and its two-hundred day moving average price is $35.79.

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

Insider Transactions at Napco Security Technologies

In related news, SVP Michael Carrieri sold 5,200 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 14,232 shares of the company’s stock, valued at approximately $653,533.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Michael Carrieri sold 5,200 shares of the company’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 sale, the senior vice president now directly owns 14,232 shares of the company’s stock, valued at approximately $653,533.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard Soloway sold 250,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $44.20, for a total value of $11,050,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,406,010 shares in the company, valued at $62,145,642. The disclosure for this sale can be found here. Insiders have sold a total of 343,200 shares of company stock worth $15,037,644 in the last three months. 11.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Napco Security Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its stake in shares of Napco Security Technologies by 332.9% during the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 566 shares during the period. Hollencrest Capital Management acquired a new position in Napco Security Technologies in the 1st quarter worth $27,000. Whittier Trust Co. purchased a new position in Napco Security Technologies in the 1st quarter valued at about $28,000. Arcadia Investment Management Corp MI grew its stake in shares of Napco Security Technologies by 48.6% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 459 shares in the last quarter. Finally, RiverPark Advisors LLC increased its position in shares of Napco Security Technologies by 80.1% during the fourth quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 743 shares during the last quarter. Hedge funds and other institutional investors 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.