Napco Security Technologies (NASDAQ:NSSC) Announces Earnings Results

Napco Security Technologies (NASDAQ:NSSC) announced its quarterly earnings data on Monday. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03, RTT News reports. The business had revenue of $49.30 million during the quarter, compared to analysts’ expectations of $48.16 million. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS.

Napco Security Technologies Price Performance

NASDAQ:NSSC opened at $42.47 on Monday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 35.69 and a beta of 1.51. The company has a 50 day moving average price of $40.99 and a 200-day moving average price of $35.37. Napco Security Technologies has a 1-year low of $17.76 and a 1-year high of $46.26.

Insider Buying and Selling

In related news, CFO Kevin S. Buchel sold 10,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $44.80, for a total value of $448,000.00. Following the completion of the sale, the chief financial officer now owns 112,739 shares of the company’s stock, valued at approximately $5,050,707.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Napco Security Technologies news, CEO Richard Soloway sold 50,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $40.75, for a total value of $2,037,500.00. Following the completion of the sale, the chief executive officer now owns 1,656,010 shares in the company, valued at approximately $67,482,407.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin S. Buchel sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $44.80, for a total value of $448,000.00. Following the transaction, the chief financial officer now owns 112,739 shares in the company, valued at $5,050,707.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,200 shares of company stock valued at $3,987,644. 11.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NSSC has been the subject of a number of research reports. Imperial Capital downgraded shares of Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 target price for the company. in a research report on Tuesday, February 6th. StockNews.com cut Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. DA Davidson assumed coverage on Napco Security Technologies in a report on Friday, April 26th. They set a “buy” rating and a $52.00 target price on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $46.00 price target on shares of Napco Security Technologies in a research report on Friday, April 12th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $36.67.

About Napco Security Technologies

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.