Napco Security Technologies (NASDAQ:NSSC) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Thursday, January 17th.
Other equities analysts have also recently issued reports about the stock. William Blair assumed coverage on shares of Napco Security Technologies in a research report on Friday, January 11th. They set an “outperform” rating and a $15.31 price objective for the company. ValuEngine raised shares of Napco Security Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd.
Shares of NASDAQ:NSSC traded up $0.09 during midday trading on Thursday, hitting $20.01. The stock had a trading volume of 117,542 shares, compared to its average volume of 63,307. Napco Security Technologies has a 12 month low of $8.55 and a 12 month high of $20.12. The stock has a market capitalization of $371.69 million, a PE ratio of 48.80 and a beta of 0.50.
Napco Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, February 4th. The industrial products company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. Napco Security Technologies had a net margin of 10.14% and a return on equity of 15.89%. The business had revenue of $24.83 million during the quarter, compared to analysts’ expectations of $22.80 million. Research analysts predict that Napco Security Technologies will post 0.59 EPS for the current year.
Napco Security Technologies announced that its board has authorized a share buyback program on Wednesday, December 26th that permits the company to buyback 0 shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
In related news, Director Andrew Wilder sold 12,000 shares of the business’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $14.59, for a total value of $175,080.00. Following the completion of the transaction, the director now owns 59,120 shares of the company’s stock, valued at $862,560.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin S. Buchel sold 5,000 shares of the business’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $19.50, for a total value of $97,500.00. Following the completion of the transaction, the insider now directly owns 286,230 shares of the company’s stock, valued at approximately $5,581,485. The disclosure for this sale can be found here. Insiders have sold 28,512 shares of company stock valued at $466,631 in the last three months. Insiders own 38.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc grew its holdings in shares of Napco Security Technologies by 17.9% during the third quarter. Vanguard Group Inc now owns 584,591 shares of the industrial products company’s stock worth $8,739,000 after purchasing an additional 88,649 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Napco Security Technologies by 17.9% during the third quarter. Vanguard Group Inc. now owns 584,591 shares of the industrial products company’s stock worth $8,739,000 after purchasing an additional 88,649 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Napco Security Technologies by 10.1% during the second quarter. BlackRock Inc. now owns 960,565 shares of the industrial products company’s stock worth $14,073,000 after purchasing an additional 88,196 shares during the last quarter. Rice Hall James & Associates LLC bought a new stake in shares of Napco Security Technologies during the third quarter worth about $1,119,000. Finally, Manatuck Hill Partners LLC bought a new stake in Napco Security Technologies in the third quarter valued at approximately $710,000. 35.54% of the stock is owned by institutional investors and hedge funds.
Napco Security Technologies Company Profile
Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.
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