NAPCO Security Technologies (NASDAQ:NSSC) Announces Earnings Results, Beats Expectations By $0.11 EPS

NAPCO Security Technologies (NASDAQ:NSSC) posted its earnings results on Monday. The industrial products company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11, Zacks reports. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.

NAPCO Security Technologies Price Performance

Shares of NSSC opened at $38.09 on Monday. The business has a 50-day simple moving average of $37.55 and a two-hundred day simple moving average of $40.05. NAPCO Security Technologies has a 52 week low of $30.40 and a 52 week high of $48.12. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 36.62 and a beta of 1.45.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. DA Davidson reaffirmed a “buy” rating and set a $52.00 price target on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. TD Cowen reissued a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Weiss Ratings restated a “hold (c)” rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. Wall Street Zen cut shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $49.00 price target on shares of NAPCO Security Technologies in a research report on Friday. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $48.67.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Invesco Ltd. raised its stake in NAPCO Security Technologies by 16.1% during the 4th quarter. Invesco Ltd. now owns 49,109 shares of the industrial products company’s stock worth $2,048,000 after acquiring an additional 6,798 shares during the period. State of Tennessee Department of Treasury bought a new position in shares of NAPCO Security Technologies in the fourth quarter worth approximately $318,000. Tudor Investment Corp ET AL boosted its position in shares of NAPCO Security Technologies by 124.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 200,489 shares of the industrial products company’s stock worth $8,360,000 after purchasing an additional 111,277 shares during the period. Man Group plc increased its stake in shares of NAPCO Security Technologies by 30.7% in the fourth quarter. Man Group plc now owns 119,324 shares of the industrial products company’s stock worth $4,976,000 after purchasing an additional 28,055 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of NAPCO Security Technologies by 3.0% in the fourth quarter. Janus Henderson Group PLC now owns 1,569,363 shares of the industrial products company’s stock worth $65,457,000 after purchasing an additional 45,093 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

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.