Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) reached a new 52-week high during mid-day trading on Monday following a stronger than expected earnings report. The company traded as high as $46.50 and last traded at $46.50, with a volume of 2233 shares trading hands. The stock had previously closed at $42.47.
The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The business had revenue of $49.30 million during the quarter, compared to analysts' expectations of $48.16 million. During the same quarter in the previous year, the company earned $0.29 EPS. The business's revenue was up 13.3% on a year-over-year basis.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. StockNews.com cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 13th. Imperial Capital cut shares of Napco Security Technologies from an "outperform" rating to an "in-line" rating and set a $45.00 price objective for the company. in a research note on Tuesday, February 6th. Needham & Company LLC reissued a "buy" rating and issued a $46.00 target price on shares of Napco Security Technologies in a report on Friday, April 12th. Finally, DA Davidson started coverage on shares of Napco Security Technologies in a report on Friday, April 26th. They issued a "buy" rating and a $52.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Napco Security Technologies has a consensus rating of "Hold" and a consensus target price of $36.67.
Check Out Our Latest Stock Analysis on Napco Security Technologies
Insider Buying and Selling at Napco Security Technologies
In related news, SVP Michael Carrieri sold 5,200 shares of the company's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $45.92, for a total transaction of $238,784.00. Following the completion of the transaction, the senior vice president now directly owns 14,232 shares in the company, valued at approximately $653,533.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Michael Carrieri sold 5,200 shares of the company's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $45.92, for a total transaction of $238,784.00. Following the completion of the transaction, the senior vice president now directly owns 14,232 shares in the company, valued at approximately $653,533.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard Soloway sold 50,000 shares of the company's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the transaction, the chief executive officer now owns 1,656,010 shares of the company's stock, valued at $67,482,407.50. The disclosure for this sale can be found here. Insiders have sold a total of 93,200 shares of company stock valued at $3,987,644 in the last ninety days. 11.54% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Napco Security Technologies
Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its position in Napco Security Technologies by 159.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 156,584 shares of the industrial products company's stock valued at $5,363,000 after acquiring an additional 96,205 shares during the period. Cumberland Partners Ltd acquired a new position in Napco Security Technologies in the 4th quarter valued at approximately $1,028,000. Ziegler Capital Management LLC acquired a new position in Napco Security Technologies in the 4th quarter valued at approximately $3,143,000. First National Advisers LLC acquired a new position in Napco Security Technologies in the 3rd quarter valued at approximately $259,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Napco Security Technologies in the 4th quarter valued at approximately $356,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.
Napco Security Technologies Price Performance
The company's 50-day moving average price is $41.01 and its two-hundred day moving average price is $35.54. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 38.07 and a beta of 1.51.
About Napco Security Technologies
(
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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.
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