NAPCO Security Technologies (NASDAQ:NSSC) Releases Quarterly Earnings Results
by Scott Moore · The Cerbat GemNAPCO Security Technologies (NASDAQ:NSSC – Get Free Report) released its quarterly earnings results on Monday. The industrial products company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04, Briefing.com reports. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis.
NAPCO Security Technologies Trading Down 12.4%
Shares of NASDAQ:NSSC opened at $40.93 on Monday. NAPCO Security Technologies has a 1-year low of $24.13 and a 1-year high of $48.50. The stock has a market cap of $1.46 billion, a PE ratio of 31.30 and a beta of 1.55. The stock’s fifty day simple moving average is $43.25 and its two-hundred day simple moving average is $42.20.
Wall Street Analysts Forecast Growth
A number of research firms have commented on NSSC. DA Davidson reaffirmed a “buy” rating and set a $50.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 price objective (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Monday, April 27th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, NAPCO Security Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $47.83.
View Our Latest Report on NAPCO Security Technologies
Insider Transactions at NAPCO Security Technologies
In other NAPCO Security Technologies news, CEO Richard Soloway sold 129,682 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $44.99, for a total value of $5,834,393.18. Following the completion of the transaction, the chief executive officer owned 1,152,276 shares of the company’s stock, valued at $51,840,897.24. The trade was a 10.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.65% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its position in NAPCO Security Technologies by 193.3% during the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 377 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of NAPCO Security Technologies in the 3rd quarter worth approximately $41,000. Acadian Asset Management LLC purchased a new position in NAPCO Security Technologies during the 1st quarter valued at $91,000. Kemnay Advisory Services Inc. bought a new stake in NAPCO Security Technologies during the fourth quarter worth about $107,000. Finally, Raymond James Financial Inc. purchased a new stake in NAPCO Security Technologies during the 2nd quarter valued at about $130,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.
NAPCO Security Technologies Company Profile
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.