NAPCO Security Technologies, Inc. (NSSC) Coverage Initiated at Canaccord Genuity

Analysts at Canaccord Genuity assumed coverage on shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) in a research note issued on Wednesday, May 24th, MarketBeat.com reports. The firm set a “buy” rating and a $12.00 price target on the industrial products company’s stock. Canaccord Genuity’s target price would indicate a potential upside of 29.03% from the stock’s previous close.

NAPCO Security Technologies (NASDAQ:NSSC) traded up 3.33% during midday trading on Wednesday, reaching $9.30. 31,674 shares of the company’s stock traded hands. The company’s 50-day moving average price is $9.64 and its 200-day moving average price is $9.32. The stock has a market cap of $175.25 million, a P/E ratio of 30.10 and a beta of 0.49. NAPCO Security Technologies has a 52-week low of $6.12 and a 52-week high of $10.95.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, May 8th. The industrial products company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.02. NAPCO Security Technologies had a return on equity of 11.09% and a net margin of 6.78%. The company had revenue of $20.80 million during the quarter, compared to analysts’ expectations of $21.50 million. During the same period in the prior year, the business posted $0.02 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts predict that NAPCO Security Technologies will post $0.32 EPS for the current fiscal year.

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In related news, Director Randy B. Blaustein sold 5,200 shares of the stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $10.21, for a total value of $53,092.00. Following the completion of the transaction, the director now directly owns 109,750 shares in the company, valued at approximately $1,120,547.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kevin S. Buchel sold 7,868 shares of the stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $10.64, for a total transaction of $83,715.52. Following the completion of the transaction, the senior vice president now owns 290,168 shares of the company’s stock, valued at $3,087,387.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,068 shares of company stock valued at $453,238. Corporate insiders own 37.81% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of NAPCO Security Technologies by 7.5% in the first quarter. Geode Capital Management LLC now owns 35,939 shares of the industrial products company’s stock valued at $366,000 after buying an additional 2,498 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of NAPCO Security Technologies by 2.2% in the first quarter. Renaissance Technologies LLC now owns 244,572 shares of the industrial products company’s stock valued at $2,495,000 after buying an additional 5,272 shares during the last quarter. Vanguard Group Inc. raised its position in shares of NAPCO Security Technologies by 1.5% in the first quarter. Vanguard Group Inc. now owns 369,568 shares of the industrial products company’s stock valued at $3,770,000 after buying an additional 5,367 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of NAPCO Security Technologies by 65.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 18,395 shares of the industrial products company’s stock valued at $188,000 after buying an additional 7,250 shares during the last quarter. Finally, Algert Global LLC raised its position in shares of NAPCO Security Technologies by 19.5% in the first quarter. Algert Global LLC now owns 47,191 shares of the industrial products company’s stock valued at $481,000 after buying an additional 7,716 shares during the last quarter. Institutional investors own 23.60% of the company’s stock.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc is a manufacturer of security products, encompassing access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products. These products are used for commercial, residential, institutional, industrial and governmental applications, and are sold across the world principally to independent distributors, dealers and installers of security equipment.

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