Napco Security Technologies (NASDAQ:NSSC) Reaches New 12-Month High Following Earnings Beat

Napco Security Technologies, Inc. (NASDAQ:NSSC) shares reached a new 52-week high during mid-day trading on Monday following a better than expected earnings announcement. The company traded as high as $46.50 and last traded at $46.50, with a volume of 2233 shares traded. The stock had previously closed at $42.47.

The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The firm had revenue of $49.30 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 EPS.

Analysts Set New Price Targets

NSSC has been the topic of several analyst reports. Imperial Capital cut shares of Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price target on the stock. in a research note on Tuesday, February 6th. DA Davidson initiated coverage on Napco Security Technologies in a research report on Friday, April 26th. They set a “buy” rating and a $52.00 target price on the stock. StockNews.com cut Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $46.00 price objective on shares of Napco Security Technologies in a research report on Friday, April 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Napco Security Technologies presently has a consensus rating of “Hold” and an average target price of $36.67.

Insiders Place Their Bets

In related news, 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 directly owns 112,739 shares of the company’s stock, valued at approximately $5,050,707.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Kevin S. Buchel sold 10,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $5,050,707.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Soloway sold 50,000 shares of Napco Security Technologies stock in a transaction on Monday, April 8th. The shares were sold at an average price of $40.75, for a total transaction 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 $67,482,407.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,200 shares of company stock worth $3,987,644. Corporate insiders own 11.54% of the company’s stock.

Hedge Funds Weigh In On Napco Security Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI raised its position in shares of Napco Security Technologies by 48.6% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock valued at $48,000 after buying an additional 459 shares in the last quarter. Allworth Financial LP raised its position in Napco Security Technologies by 19.9% during the fourth quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 550 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Napco Security Technologies by 332.9% in the 4th quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 566 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Napco Security Technologies by 4.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,473 shares of the industrial products company’s stock worth $496,000 after purchasing an additional 603 shares during the period. Finally, Hollencrest Capital Management bought a new position in shares of Napco Security Technologies during the 1st quarter valued at approximately $27,000. 85.07% of the stock is owned by institutional investors.

Napco Security Technologies Stock Performance

The company has a market cap of $1.66 billion, a PE ratio of 35.69 and a beta of 1.51. The company has a fifty day moving average of $40.99 and a two-hundred day moving average of $35.37.

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.