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

Key Points

• NAPCO Security Technologies reported quarterly EPS of $0.50, beating analysts’ consensus estimate of $0.39 by $0.11. The company posted an 18.70% net margin and 28.93% return on equity.
• NSSC shares opened at $38.09, compared with a 52-week range of $30.40 to $48.12, while institutional investors and hedge funds own 85.07% of outstanding shares.
• Analyst sentiment remains positive, with six Buy ratings and two Hold ratings producing a “Moderate Buy” consensus and an average price target of $48.67.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) released its quarterly earnings results on Monday. The industrial products company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.11, Zacks reports. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%.

NAPCO Security Technologies Stock Performance

Shares of NSSC stock opened at $38.09 on Monday. NAPCO Security Technologies has a 1 year low of $30.40 and a 1 year high of $48.12. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 36.62 and a beta of 1.45. The firm's 50 day moving average is $37.55 and its 200-day moving average is $40.05.

Institutional Investors Weigh In On NAPCO Security Technologies

Several hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of NAPCO Security Technologies by 668.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company's stock worth $36,986,000 after purchasing an additional 749,065 shares in the last quarter. First Trust Advisors LP acquired a new position in NAPCO Security Technologies in the 3rd quarter valued at approximately $24,305,000. Millennium Management LLC increased its stake in shares of NAPCO Security Technologies by 62.4% in the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company's stock valued at $17,721,000 after buying an additional 295,755 shares during the period. Goldman Sachs Group Inc. raised its position in shares of NAPCO Security Technologies by 75.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company's stock worth $13,565,000 after acquiring an additional 254,007 shares in the last quarter. Finally, Wasatch Advisors LP acquired a new position in shares of NAPCO Security Technologies in the 2nd quarter valued at about $6,561,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source