NAPCO Security Technologies (NASDAQ:NSSC) Earns “Buy” Rating from DA Davidson

NAPCO Security Technologies (NASDAQ:NSSC)‘s stock had its “buy” rating reiterated by stock analysts at DA Davidson in a report released on Tuesday,Benzinga reports. They presently have a $50.00 price objective on the industrial products company’s stock. DA Davidson’s price objective would suggest a potential upside of 14.34% from the company’s current price.

Several other research analysts have also commented on NSSC. Weiss Ratings reissued a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Wednesday, January 28th. Zacks Research lowered shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Needham & Company LLC restated a “buy” rating and issued a $49.00 price target (up previously from $47.00) on shares of NAPCO Security Technologies in a research note on Monday. Mizuho set a $48.00 price objective on NAPCO Security Technologies and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, TD Cowen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 4th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, NAPCO Security Technologies has an average rating of “Moderate Buy” and a consensus price target of $47.83.

NAPCO Security Technologies Trading Down 0.0%

NSSC stock opened at $43.73 on Tuesday. The company has a market capitalization of $1.56 billion, a PE ratio of 32.88 and a beta of 1.51. NAPCO Security Technologies has a 12-month low of $19.00 and a 12-month high of $48.12. The business’s fifty day moving average price is $40.95 and its 200 day moving average price is $39.46.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, February 2nd. The industrial products company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The company had revenue of $48.17 million during the quarter, compared to analysts’ expectations of $47.82 million. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.NAPCO Security Technologies’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. Research analysts predict that NAPCO Security Technologies will post 1.24 EPS for the current fiscal year.

Insider Transactions at NAPCO Security Technologies

In other news, SVP Stephen M. Spinelli sold 19,000 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $40.25, for a total transaction of $764,750.00. Following the completion of the transaction, the senior vice president directly owned 928 shares of the company’s stock, valued at approximately $37,352. This represents a 95.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.65% of the stock is owned by company insiders.

Hedge Funds Weigh In On NAPCO Security Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fundsmith LLP raised its holdings in NAPCO Security Technologies by 86.4% during the third quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company’s stock worth $76,445,000 after purchasing an additional 824,945 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in NAPCO Security Technologies by 668.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock worth $36,986,000 after acquiring an additional 749,065 shares in the last quarter. First Trust Advisors LP acquired a new stake in NAPCO Security Technologies during the 3rd quarter worth $24,305,000. Millennium Management LLC lifted its position in NAPCO Security Technologies by 62.4% in the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock valued at $17,721,000 after acquiring an additional 295,755 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in NAPCO Security Technologies by 75.8% in the first quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after acquiring an additional 254,007 shares in the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

About NAPCO Security Technologies

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.