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

Napco Security Technologies, Inc. (NASDAQ:NSSC – Get Rating) shares saw an uptick in trading volume on Friday . 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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NSSC. Lake Street Capital boosted their price target on shares of Napco Security Technologies from $32.00 to $40.00 in a research note on Tuesday, February 7th. William Blair began coverage on shares of Napco Security Technologies in a research note on Wednesday, March 8th. They set an “outperform” rating on the stock. B. Riley boosted their price target 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. Needham & Company LLC boosted their price target 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. Finally, StockNews.com began coverage on shares of Napco Security Technologies in a research note on Thursday. They set a “hold” rating on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.40.

Napco Security Technologies Price Performance

The firm’s 50-day simple moving average is $31.27 and its two-hundred day simple moving average is $28.89. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 49.32 and a beta of 1.11.

Napco Security Technologies (NASDAQ:NSSC – Get Rating) last issued its earnings results on Monday, February 6th. The industrial products company reported $0.23 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $42.31 million for the quarter, compared to analyst estimates of $38.95 million. During the same period in the prior year, the business posted $0.03 earnings per share. On average, analysts expect that Napco Security Technologies, Inc. will post 0.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kevin S. Buchel sold 12,500 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 99,829 shares in the company, valued at $3,144,613.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Richard Soloway sold 2,012,500 shares of the stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $31.50, for a total value of $63,393,750.00. Following the sale, the chief executive officer now directly owns 3,983,510 shares in the company, valued at $125,480,565. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kevin S. Buchel sold 12,500 shares of the stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $31.50, for a total transaction of $393,750.00. Following the completion of the sale, the executive vice president now owns 99,829 shares in the company, valued at $3,144,613.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,400,000 shares of company stock worth $75,600,000. 21.50% of the stock is owned by company insiders.

Institutional Trading of Napco Security Technologies

Several large investors have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its stake in shares of Napco Security Technologies by 16.3% during the third quarter. Russell Investments Group Ltd. now owns 413,455 shares of the industrial products company’s stock valued at $12,021,000 after buying an additional 58,027 shares during the period. Calamos Advisors LLC purchased a new position in shares of Napco Security Technologies during the third quarter valued at approximately $3,419,000. Arizona State Retirement System purchased a new position in shares of Napco Security Technologies during the third quarter valued at approximately $247,000. Royce & Associates LP purchased a new position in shares of Napco Security Technologies during the third quarter valued at approximately $2,588,000. Finally, Alta Capital Management LLC lifted its stake in shares of Napco Security Technologies by 11.1% during the third quarter. Alta Capital Management LLC now owns 256,891 shares of the industrial products company’s stock valued at $7,470,000 after buying an additional 25,601 shares during the period. 84.49% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Company Profile

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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.