B. Riley Increases Napco Security Technologies (NASDAQ:NSSC) Price Target to $45.00

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) had its price target lifted by equities research analysts at B. Riley from $36.00 to $45.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. B. Riley's price objective points to a potential downside of 1.62% from the company's current price.

NSSC has been the topic of a number of other research reports. StockNews.com cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a research 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 price target on the stock. Imperial Capital cut Napco Security Technologies from an "outperform" rating to an "in-line" rating and set a $45.00 price objective for the company. in a report on Tuesday, February 6th. Finally, Needham & Company LLC boosted their target price on Napco Security Technologies from $46.00 to $52.00 and gave the company a "buy" rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $41.83.

Napco Security Technologies Trading Up 1.0 %

Shares of NSSC traded up $0.44 during midday trading on Tuesday, reaching $45.74. The stock had a trading volume of 617,465 shares, compared to its average volume of 355,405. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 38.46 and a beta of 1.51. Napco Security Technologies has a 12-month low of $17.76 and a 12-month high of $46.41. The company's 50-day moving average is $41.01 and its 200 day moving average is $35.54.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its earnings results on Monday, May 6th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The business had revenue of $49.30 million during the quarter, compared to analyst estimates of $48.16 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Napco Security Technologies's revenue for the quarter was up 13.3% on a year-over-year basis. Research analysts forecast that Napco Security Technologies will post 1.31 EPS for the current fiscal year.

Insider Transactions at Napco Security Technologies

In related 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 transaction of $2,037,500.00. Following the sale, the chief executive officer now directly owns 1,656,010 shares of the company's stock, valued at approximately $67,482,407.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 value of $2,037,500.00. Following the transaction, the chief executive officer now directly owns 1,656,010 shares of the company's stock, valued at approximately $67,482,407.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin S. Buchel sold 10,000 shares of Napco Security Technologies stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 112,739 shares of the company's stock, valued at approximately $5,050,707.20. The disclosure for this sale can be found here. Insiders sold a total of 93,200 shares of company stock valued at $3,987,644 in the last quarter. 11.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Napco Security Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of NSSC. Arcadia Investment Management Corp MI grew its holdings in shares of Napco Security Technologies by 48.6% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company's stock worth $48,000 after acquiring an additional 459 shares during the period. Allworth Financial LP boosted its position in Napco Security Technologies by 19.9% in the fourth quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company's stock worth $114,000 after purchasing an additional 550 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Napco Security Technologies by 332.9% during 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 period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Napco Security Technologies by 4.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,473 shares of the industrial products company's stock valued at $496,000 after purchasing an additional 603 shares during the last quarter. Finally, Hollencrest Capital Management bought a new position in shares of Napco Security Technologies in the 1st quarter worth approximately $27,000. Institutional investors own 85.07% of the company's stock.

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.