Brokerages Expect Napco Security Technologies Inc (NSSC) to Post $0.08 Earnings Per Share

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Napco Security Technologies Inc (NASDAQ:NSSC) has 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 1-year consensus price objective 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 assigned Napco Security Technologies an industry rank of 193 out of 256 based on the ratings given to its competitors.

Several brokerages have commented on NSSC. BidaskClub lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. William Blair started coverage on Napco Security Technologies in a report on Friday, January 11th. They issued an “outperform” rating and a $15.31 price objective for the company. Finally, ValuEngine upgraded Napco Security Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd.

In other Napco Security Technologies news, insider Kevin S. Buchel sold 4,000 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $17.00, for a total value of $68,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jorge Hevia sold 7,512 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $16.78, for a total value of $126,051.36. Following the completion of the transaction, the senior vice president now directly owns 172,643 shares in the company, valued at approximately $2,896,949.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,512 shares of company stock worth $369,131. Corporate insiders own 38.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Napco Security Technologies by 10.1% in the second quarter. BlackRock Inc. now owns 960,565 shares of the industrial products company’s stock valued at $14,073,000 after purchasing an additional 88,196 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Napco Security Technologies by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 946,785 shares of the industrial products company’s stock valued at $13,870,000 after acquiring an additional 5,314 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Napco Security Technologies by 3.5% in the second quarter. Renaissance Technologies LLC now owns 263,500 shares of the industrial products company’s stock valued at $3,860,000 after acquiring an additional 8,800 shares in the last quarter. First Trust Advisors LP lifted its position in Napco Security Technologies by 31.9% during the third quarter. First Trust Advisors LP now owns 17,626 shares of the industrial products company’s stock worth $264,000 after buying an additional 4,262 shares in the last quarter. Finally, Rice Hall James & Associates LLC purchased a new position in Napco Security Technologies during the third quarter worth approximately $1,119,000. Hedge funds and other institutional investors own 35.54% of the company’s stock.

NASDAQ NSSC traded up $0.01 on Thursday, reaching $15.71. 23,297 shares of the company’s stock traded hands, compared to its average volume of 32,871. Napco Security Technologies has a 12 month low of $8.55 and a 12 month high of $17.74. The stock has a market capitalization of $286.24 million, a P/E ratio of 38.32 and a beta of 0.45.

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

Napco Security Technologies announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 26th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

About Napco Security Technologies

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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