DA Davidson Begins Coverage on Napco Security Technologies (NASDAQ:NSSC)

Investment analysts at DA Davidson began coverage on shares of Napco Security Technologies (NASDAQ:NSSC) in a report issued on Friday, Briefing.com reports. The firm set a “buy” rating and a $52.00 price target on the industrial products company’s stock. DA Davidson’s price target would indicate a potential upside of 19.87% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $46.00 target price on shares of Napco Security Technologies in a research note on Friday, April 12th. Imperial Capital cut shares of Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 target price on the stock. in a research note on Tuesday, February 6th. Finally, StockNews.com cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Napco Security Technologies presently has an average rating of “Hold” and an average target price of $36.67.

Napco Security Technologies Stock Performance

Shares of NASDAQ NSSC opened at $43.38 on Friday. The firm has a market cap of $1.60 billion, a PE ratio of 36.45 and a beta of 1.55. The firm has a fifty day moving average of $41.28 and a 200 day moving average of $34.22. Napco Security Technologies has a one year low of $17.76 and a one year high of $46.26.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, February 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The company had revenue of $47.50 million for the quarter, compared to analysts’ expectations of $43.92 million. During the same quarter in the previous year, the company posted $0.23 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. On average, equities analysts predict that Napco Security Technologies will post 1.3 EPS for the current fiscal year.

Insider Activity

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 of the company’s stock, valued at approximately $653,533.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Napco Security Technologies news, SVP Michael Carrieri sold 5,200 shares of the company’s 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 transaction, the senior vice president now owns 14,232 shares of the company’s stock, valued at $653,533.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin S. Buchel sold 10,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $44.80, for a total transaction of $448,000.00. Following the completion of the transaction, the chief financial officer now directly owns 112,739 shares in the company, valued at approximately $5,050,707.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,200 shares of company stock valued at $3,987,644. 11.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Napco Security Technologies by 5.3% in 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 buying an additional 120,842 shares during the last quarter. FMR LLC increased its stake in 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 purchasing an additional 354,579 shares during the period. GW&K Investment Management LLC increased its stake in 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 worth $39,369,000 after purchasing an additional 40,166 shares during the period. abrdn plc increased its stake in Napco Security Technologies by 49.3% during the fourth quarter. abrdn plc now owns 883,726 shares of the industrial products company’s stock worth $30,268,000 after purchasing an additional 291,920 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in shares of Napco Security Technologies by 26.7% during the third quarter. Handelsbanken Fonder AB now owns 760,000 shares of the industrial products company’s stock worth $16,910,000 after buying an additional 160,000 shares during the period. Institutional investors and hedge funds 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.