Napco Security Technologies (NASDAQ:NSSC) Sees Large Volume Increase

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC – Get Rating) saw unusually-high trading volume on Friday . Approximately 519,961 shares traded hands during trading, an increase of 59% from the previous session’s volume of 327,579 shares.The stock last traded at $33.06 and had previously closed at $34.38.

Analyst Upgrades and Downgrades

NSSC has been the topic of a number of recent analyst reports. B. Riley raised their target price on shares of Napco Security Technologies from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, February 8th. William Blair initiated coverage on shares of Napco Security Technologies in a research note on Wednesday, March 8th. They set an “outperform” rating on the stock. Lake Street Capital raised their target price on shares of Napco Security Technologies from $32.00 to $40.00 in a research note on Tuesday, February 7th. StockNews.com initiated coverage on shares of Napco Security Technologies in a research note on Thursday. They set a “hold” rating on the stock. Finally, Needham & Company LLC raised their target price on shares of Napco Security Technologies from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, February 13th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.40.

Napco Security Technologies Stock Performance

The business’s fifty day simple moving average is $31.27 and its 200-day simple moving average is $28.89. The firm has a market capitalization of $1.23 billion, a PE ratio of 49.32 and a beta of 1.11.

Napco Security Technologies (NASDAQ:NSSC – Get Rating) last announced its quarterly earnings data on Monday, February 6th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. Napco Security Technologies had a net margin of 15.70% and a return on equity of 21.50%. The business had revenue of $42.31 million during the quarter, compared to analyst estimates of $38.95 million. During the same period last year, the firm posted $0.03 EPS. Sell-side analysts expect that Napco Security Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Napco Security Technologies

In related news, EVP Kevin S. Buchel sold 12,500 shares of the firm’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $31.50, for a total value of $393,750.00. Following the completion of the transaction, the executive vice president now directly owns 99,829 shares of the company’s stock, valued at $3,144,613.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Kevin S. Buchel sold 12,500 shares of the firm’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $31.50, for a total value of $393,750.00. Following the completion of the transaction, the executive vice president now directly owns 99,829 shares of the company’s stock, valued at $3,144,613.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Richard Soloway sold 287,500 shares of the firm’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $31.50, for a total transaction of $9,056,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,696,010 shares of the company’s stock, valued at $116,424,315. The disclosure for this sale can be found here. Insiders sold a total of 2,400,000 shares of company stock valued at $75,600,000 in the last three months. 21.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in Napco Security Technologies by 99.7% in the first quarter. BlackRock Inc. now owns 1,854,790 shares of the industrial products company’s stock worth $38,059,000 after buying an additional 925,876 shares during the last quarter. FMR LLC lifted its position in Napco Security Technologies by 0.9% in the second quarter. FMR LLC now owns 1,789,735 shares of the industrial products company’s stock worth $36,851,000 after buying an additional 16,627 shares during the last quarter. Vanguard Group Inc. lifted its position in Napco Security Technologies by 8.4% in the third quarter. Vanguard Group Inc. now owns 1,750,534 shares of the industrial products company’s stock worth $50,905,000 after buying an additional 136,140 shares during the last quarter. Wasatch Advisors Inc. lifted its position in Napco Security Technologies by 80.4% in the first quarter. Wasatch Advisors Inc. now owns 1,619,409 shares of the industrial products company’s stock worth $33,230,000 after buying an additional 721,575 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Napco Security Technologies by 1.9% in the second quarter. Thrivent Financial for Lutherans now owns 1,554,992 shares of the industrial products company’s stock worth $32,018,000 after buying an additional 28,906 shares during the last quarter. 84.49% of the stock is owned by hedge funds and other institutional investors.

About Napco Security Technologies

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Napco Security Technologies, Inc engages in the development, manufacture, and distribution of security products. Its products include access control systems, door security products, intrusion and fire alarm systems, video surveillance products, and cellular communications services. The company was founded in 1969 and is headquartered in Amityville, NY.