Napco Security Technologies (NSSC) Rating Lowered to Hold at BidaskClub

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Napco Security Technologies (NASDAQ:NSSC) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

NSSC has been the subject of a number of other research reports. ValuEngine raised shares of Napco Security Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. William Blair initiated coverage on shares of Napco Security Technologies in a report on Friday, January 11th. They issued an “outperform” rating and a $15.31 target price for the company. Finally, Canaccord Genuity increased their target price on shares of Napco Security Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, February 5th.

Shares of NSSC stock traded down $0.78 on Thursday, reaching $19.72. The company had a trading volume of 98,396 shares, compared to its average volume of 120,241. The stock has a market capitalization of $384.73 million, a P/E ratio of 48.10 and a beta of 0.50. Napco Security Technologies has a one year low of $9.55 and a one year high of $22.64.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, February 4th. The industrial products company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. The firm had revenue of $24.83 million during the quarter, compared to analysts’ expectations of $22.80 million. Napco Security Technologies had a net margin of 10.14% and a return on equity of 15.74%. Sell-side analysts forecast that Napco Security Technologies will post 0.59 EPS for the current fiscal year.

Napco Security Technologies declared that its board has initiated a stock buyback plan on Wednesday, December 26th that permits the company to repurchase 0 shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

In other news, SVP Michael Carrieri sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $19.57, for a total value of $489,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew Wilder sold 12,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $862,560.80. The disclosure for this sale can be found here. Insiders sold 49,823 shares of company stock valued at $925,331 in the last ninety days. 38.10% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Napco Security Technologies by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 131,378 shares of the industrial products company’s stock valued at $2,069,000 after buying an additional 6,800 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Napco Security Technologies by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 969,107 shares of the industrial products company’s stock valued at $15,263,000 after buying an additional 2,955 shares in the last quarter. Hancock Whitney Corp purchased a new position in Napco Security Technologies during the 4th quarter valued at about $175,000. Ranger Investment Management L.P. grew its holdings in Napco Security Technologies by 12.5% during the 4th quarter. Ranger Investment Management L.P. now owns 527,778 shares of the industrial products company’s stock valued at $8,313,000 after buying an additional 58,663 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Napco Security Technologies by 94.9% during the 4th quarter. Bank of America Corp DE now owns 7,422 shares of the industrial products company’s stock valued at $117,000 after buying an additional 3,614 shares in the last quarter. 36.49% of the stock is owned by institutional investors.

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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