Napco Security Technologies (NASDAQ:NSSC) Earns "Buy" Rating from Needham & Company LLC

Napco Security Technologies (NASDAQ:NSSC - Get Free Report)'s stock had its "buy" rating reiterated by Needham & Company LLC in a research report issued on Friday, Benzinga reports. They presently have a $46.00 price target on the industrial products company's stock. Needham & Company LLC's price objective suggests a potential upside of 18.65% from the company's previous close.

A number of other equities research analysts have also issued reports on NSSC. StockNews.com lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 13th. Imperial Capital lowered shares of Napco Security Technologies from an "outperform" rating to an "in-line" rating and set a $45.00 price objective on the stock. in a report on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $33.60.

Napco Security Technologies Stock Down 0.9 %

Napco Security Technologies stock traded down $0.35 during mid-day trading on Friday, reaching $38.77. 170,744 shares of the company's stock were exchanged, compared to its average volume of 338,263. The company has a market cap of $1.43 billion, a P/E ratio of 32.58 and a beta of 1.55. Napco Security Technologies has a twelve month low of $17.76 and a twelve month high of $46.26. The company has a fifty day moving average of $41.89 and a 200-day moving average of $33.11.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last released its earnings results on Monday, February 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.08. The company had revenue of $47.50 million for the quarter, compared to analyst estimates of $43.92 million. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 EPS. Equities research analysts expect that Napco Security Technologies will post 1.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Kevin S. Buchel sold 10,000 shares of Napco Security Technologies 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 sale, the chief financial officer now directly owns 112,739 shares in the company, valued at approximately $5,050,707.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Kevin S. Buchel sold 10,000 shares of Napco Security Technologies 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 sale, the chief financial officer now directly owns 112,739 shares in the company, valued at approximately $5,050,707.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Soloway sold 50,000 shares of Napco Security Technologies stock in a transaction 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 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. Insiders have sold 93,200 shares of company stock worth $3,987,644 in the last ninety days. 11.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NSSC. Quadrant Capital Group LLC increased its stake in Napco Security Technologies by 332.9% in the fourth 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. Copeland Capital Management LLC acquired a new position in Napco Security Technologies in the third quarter valued at $28,000. Steward Partners Investment Advisory LLC acquired a new position in Napco Security Technologies in the fourth quarter valued at $31,000. Tower Research Capital LLC TRC increased its stake in Napco Security Technologies by 137.5% in the first quarter. Tower Research Capital LLC TRC now owns 862 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 499 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in Napco Security Technologies by 100.0% in the first quarter. Great West Life Assurance Co. Can now owns 1,628 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 814 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

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.