NAPCO Security Technologies (NASDAQ:NSSC) Hits New 52-Week High Following Earnings Beat

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) reached a new 52-week high during mid-day trading on Monday following a stronger than expected earnings report. The stock traded as high as $51.77 and last traded at $40.5040, with a volume of 604097 shares trading hands. The stock had previously closed at $38.09.

The industrial products company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The company had revenue of $55.81 million for the quarter, compared to analyst estimates of $52.53 million. During the same quarter in the previous year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year.

Analyst Ratings Changes

NSSC has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of NAPCO Security Technologies in a research note on Friday, August 7th. DA Davidson reiterated a “buy” rating and issued a $52.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. TD Cowen reissued a “buy” rating and issued 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 lowered shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $49.00 price target on shares of NAPCO Security Technologies in a research note on Friday. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $48.67.

Hedge Funds Weigh In On NAPCO Security Technologies

Several hedge funds have recently bought and sold shares of NSSC. IFP Advisors Inc raised its holdings in shares of NAPCO Security Technologies by 193.3% in the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 377 shares during the last quarter. KBC Group NV acquired a new stake in shares of NAPCO Security Technologies during the first quarter valued at $26,000. Advisory Services Network LLC purchased a new stake in NAPCO Security Technologies during the 3rd quarter worth about $41,000. Blue Trust Inc. purchased a new stake in NAPCO Security Technologies during the 1st quarter worth about $44,000. Finally, Acadian Asset Management LLC acquired a new position in NAPCO Security Technologies in the 1st quarter valued at about $91,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Stock Performance

The company has a market capitalization of $1.49 billion, a PE ratio of 40.10 and a beta of 1.45. The stock’s fifty day simple moving average is $37.55 and its 200-day simple moving average is $40.05.

About NAPCO Security Technologies

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.