Institutional investors and hedge funds are modifying their holdings in Napco Security Technologies, with BlackRock Inc, FMR LLC, Vanguard Group Inc, Wasatch Advisors Inc, and Thrivent Financial for Lutherans raising their positions in the company. Napco Security Technologies develops, manufactures, and distributes security products, including access control systems, door security products, intrusion and fire alarm systems, video surveillance products, and cellular communications services. Additionally, readers can sign up for MarketBeat.com’s daily email newsletter for the latest news and analysts’ ratings for Napco Security Technologies and related companies.
Napco Security Technologies Sees Unusually-High Trading Volume and Analyst Upgrades/Downgrades
On Friday, shares of Napco Security Technologies, Inc. (NASDAQ:NSSC – Get Rating) saw an unusual increase in trading volume. Approximately 519,961 shares were traded, representing a 59% increase in volume from the previous trading day.
NSSC has recently been the subject of several analyst reports. William Blair initiated coverage on NSSC in March, rating the stock as “outperform”. Lake Street Capital and Needham & Company LLC raised their target price for NSSC to $40.00 and $39.00 respectively, and B. Riley also raised their target price to $38.00, while giving the stock a “buy” rating. On the other hand, StockNews.com initiated coverage on NSSC with a “hold” rating. Overall, the stock has a consensus rating of “Moderate Buy” with one hold rating and six buy ratings, and an average price target of $39.40 based on data from MarketBeat.
NSSC has a market capitalization of $1.23 billion, a PE ratio of 49.32, and a beta of 1.11. Its fifty-day simple moving average is $31.27, and its 200-day simple moving average is $28.89.
In its last quarterly earnings report in February, the industrial products company reported an EPS of $0.23, surpassing analysts’ estimates of $0.14 by $0.09. NSSC had a net margin of 15.70% and a return on equity of 21.50%. The company had a revenue of $42.31 million in the quarter, compared to analyst estimates of $38.95 million. Analysts expect NSSC to post $0.85 earnings per share for the current fiscal year.
Regarding insider transactions, no information was provided in the original article.
Napco Security Technologies, Inc.’s EVP, Kevin S. Buchel, sold 12,500 shares of the company’s stock on Wednesday, February 15th, at an average price of $31.50 per share, for a total value of $393,750. Following the transaction, Buchel owns 99,829 shares of the company’s stock, valued at $3,144,613.50. Napco Security Technologies’ CEO, Richard Soloway, also sold 287,500 shares of the firm’s stock on the same day at an average price of $31.50 per share, for a total transaction of $9,056,250. Following the sale, Soloway now owns 3,696,010 shares of the company’s stock, valued at $116,424,315.
Insiders have sold a total of 2.4 million shares of Napco Security Technologies in the past three months, valued at $75.6 million. Corporate insiders currently own 21.50% of the company’s stock.
No information was provided in the original article regarding institutional inflows and outflows.
Institutional Investors and Hedge Funds Modify Holdings in Napco Security Technologies
Several institutional investors and hedge funds have recently modified their holdings in Napco Security Technologies, Inc. BlackRock Inc. raised its position in the company’s stock by 99.7% in the first quarter, owning 1,854,790 shares worth $38,059,000 after buying an additional 925,876 shares in the last quarter. FMR LLC lifted its position by 0.9% in the second quarter, owning 1,789,735 shares worth $36,851,000 after buying an additional 16,627 shares. Vanguard Group Inc. raised its position by 8.4% in the third quarter, owning 1,750,534 shares worth $50,905,000 after buying an additional 136,140 shares. Wasatch Advisors Inc. raised its position by 80.4% in the first quarter, owning 1,619,409 shares worth $33,230,000 after buying an additional 721,575 shares. Finally, Thrivent Financial for Lutherans raised its position by 1.9% in the second quarter, owning 1,554,992 shares worth $32,018,000 after buying an additional 28,906 shares. Hedge funds and other institutional investors currently own 84.49% of the company’s stock.
About Napco Security Technologies
Napco Security Technologies, Inc. develops, manufactures, and distributes security products, including 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.
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