NAPCO Security Technologies (NASDAQ:NSSC) Issues Earnings Results, Beats Estimates By $0.05 EPS

NAPCO Security Technologies (NASDAQ:NSSC) posted its quarterly earnings results on Monday. The industrial products company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05, Briefing.com reports. NAPCO Security Technologies had a net margin of 23.76% and a return on equity of 26.09%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS.

NAPCO Security Technologies Trading Down 3.7%

NASDAQ:NSSC opened at $36.89 on Monday. The company has a market cap of $1.32 billion, a P/E ratio of 29.99 and a beta of 1.51. NAPCO Security Technologies has a twelve month low of $19.00 and a twelve month high of $48.12. The company’s 50-day moving average price is $40.78 and its 200-day moving average price is $39.26.

Insider Buying and Selling

In other NAPCO Security Technologies news, SVP Stephen M. Spinelli sold 19,000 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $40.25, for a total value of $764,750.00. Following the completion of the sale, the senior vice president owned 928 shares in the company, valued at approximately $37,352. This represents a 95.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.65% of the company’s stock.

Institutional Trading of NAPCO Security Technologies

Institutional investors have recently made changes to their positions in the company. IFP Advisors Inc grew its stake in NAPCO Security Technologies by 193.3% during the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 377 shares in the last quarter. Danske Bank A S purchased a new stake in NAPCO Security Technologies during the 3rd quarter worth about $5,633,000. Advisory Services Network LLC purchased a new position in shares of NAPCO Security Technologies in the 3rd quarter valued at about $41,000. Jacobs Levy Equity Management Inc. raised its position in shares of NAPCO Security Technologies by 1.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 438,327 shares of the industrial products company’s stock worth $18,826,000 after acquiring an additional 8,004 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in NAPCO Security Technologies by 20.9% during the third quarter. CANADA LIFE ASSURANCE Co now owns 16,842 shares of the industrial products company’s stock worth $715,000 after purchasing an additional 2,917 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. TD Cowen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of NAPCO Security Technologies in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $47.00 price objective on shares of NAPCO Security Technologies in a report on Thursday, November 20th. Lake Street Capital reissued a “buy” rating and set a $50.00 target price (up from $39.00) on shares of NAPCO Security Technologies in a research note on Friday, October 10th. Finally, Mizuho set a $48.00 price target on NAPCO Security Technologies and gave the company an “outperform” rating in a research note on Friday, October 17th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.50.

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.