Zacks: Napco Security Technologies Inc (NSSC) Receives Consensus Rating of “Strong Buy” from Brokerages

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Shares of Napco Security Technologies Inc (NASDAQ:NSSC) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus price target of $18.00 for the company and are predicting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also given Napco Security Technologies an industry rank of 111 out of 256 based on the ratings given to related companies.

A number of equities analysts have issued reports on the stock. BidaskClub cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Thursday, September 20th. ValuEngine raised Napco Security Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Finally, William Blair initiated coverage on Napco Security Technologies in a research note on Friday, January 11th. They issued an “outperform” rating and a $15.31 price objective for the company.

In other news, insider Kevin S. Buchel sold 4,000 shares of Napco Security Technologies stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $17.00, for a total transaction of $68,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew Wilder sold 12,000 shares of the company’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $14.59, for a total value of $175,080.00. Following the completion of the transaction, the director now directly owns 59,120 shares in the company, valued at approximately $862,560.80. The disclosure for this sale can be found here. Insiders sold 23,512 shares of company stock valued at $369,131 in the last ninety days. Insiders own 38.10% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc raised its position in Napco Security Technologies by 17.9% in the third quarter. Vanguard Group Inc now owns 584,591 shares of the industrial products company’s stock worth $8,739,000 after purchasing an additional 88,649 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Napco Security Technologies in the third quarter worth $617,000. Vanguard Group Inc. raised its position in Napco Security Technologies by 17.9% in the 3rd quarter. Vanguard Group Inc. now owns 584,591 shares of the industrial products company’s stock worth $8,739,000 after buying an additional 88,649 shares during the last quarter. Manatuck Hill Partners LLC bought a new position in shares of Napco Security Technologies during the 3rd quarter valued at approximately $710,000. Finally, Renaissance Technologies LLC boosted its position in Napco Security Technologies by 1.8% during the third quarter. Renaissance Technologies LLC now owns 268,200 shares of the industrial products company’s stock valued at $4,010,000 after purchasing an additional 4,700 shares in the last quarter. Institutional investors own 35.53% of the company’s stock.

Shares of NSSC traded down $0.12 during trading hours on Wednesday, hitting $16.16. The stock had a trading volume of 771 shares, compared to its average volume of 39,295. The firm has a market capitalization of $290.70 million, a P/E ratio of 39.41 and a beta of 0.45. Napco Security Technologies has a 12-month low of $8.55 and a 12-month high of $17.74.

Napco Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, November 5th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.08. Napco Security Technologies had a net margin of 8.80% and a return on equity of 13.45%. The company had revenue of $23.38 million for the quarter. On average, equities research analysts forecast that Napco Security Technologies will post 0.53 EPS for the current year.

Napco Security Technologies declared that its board has authorized a share buyback program on Wednesday, December 26th that permits the company to buyback 0 shares. This buyback authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.

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