Napco Security Technologies Inc (NSSC) Receives Consensus Rating of “Strong Buy” from Analysts

Shares of Napco Security Technologies Inc (NASDAQ:NSSC) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus target price of $20.00 for the company and are predicting that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Napco Security Technologies an industry rank of 154 out of 255 based on the ratings given to its competitors.

A number of research analysts recently issued reports on NSSC shares. Canaccord Genuity lifted their price objective on shares of Napco Security Technologies from $19.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 5th. BidaskClub raised shares of Napco Security Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 17th. ValuEngine raised shares of Napco Security Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. William Blair started coverage on shares of Napco Security Technologies in a research note on Friday, January 11th. They issued an “outperform” rating and a $15.31 price objective on the stock. Finally, Zacks Investment Research raised shares of Napco Security Technologies from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday, March 13th.

Shares of NSSC opened at $23.46 on Thursday. Napco Security Technologies has a 12 month low of $10.50 and a 12 month high of $25.37. The company has a market cap of $433.31 million, a PE ratio of 44.26 and a beta of 0.67.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, February 4th. The industrial products company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.07. Napco Security Technologies had a net margin of 10.14% and a return on equity of 15.74%. The company had revenue of $24.83 million for the quarter, compared to analysts’ expectations of $22.80 million. On average, research analysts predict that Napco Security Technologies will post 0.59 EPS for the current fiscal year.

Napco Security Technologies declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 26th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

In other Napco Security Technologies news, SVP Jorge Hevia sold 7,823 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $20.90, for a total value of $163,500.70. Following the sale, the senior vice president now owns 164,820 shares in the company, valued at $3,444,738. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin S. Buchel sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $19.50, for a total transaction of $97,500.00. Following the completion of the sale, the insider now owns 286,230 shares in the company, valued at approximately $5,581,485. The disclosure for this sale can be found here. Insiders sold 37,823 shares of company stock worth $750,251 over the last three months. 38.10% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Napco Security Technologies by 0.6% during the fourth quarter. BlackRock Inc. now owns 975,948 shares of the industrial products company’s stock worth $15,372,000 after purchasing an additional 6,273 shares during the period. Dimensional Fund Advisors LP increased its stake in Napco Security Technologies by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 969,107 shares of the industrial products company’s stock valued at $15,263,000 after purchasing an additional 2,955 shares in the last quarter. Vanguard Group Inc. increased its position 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 acquiring an additional 88,649 shares in the last quarter. Vanguard Group Inc increased its position 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 acquiring an additional 88,649 shares in the last quarter. Finally, Ranger Investment Management L.P. increased its position in shares of Napco Security Technologies by 12.5% during the fourth quarter. Ranger Investment Management L.P. now owns 527,778 shares of the industrial products company’s stock worth $8,313,000 after acquiring an additional 58,663 shares in the last quarter. Hedge funds and other institutional investors own 36.32% of the company’s stock.

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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