Napco Security Technologies (NASDAQ:NSSC) Downgraded to “Hold” at BidaskClub

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BidaskClub lowered shares of Napco Security Technologies (NASDAQ:NSSC) from a buy rating to a hold rating in a research report sent to investors on Friday, January 25th.

Other analysts also recently issued research reports about the company. ValuEngine upgraded Napco Security Technologies from a hold rating to a buy rating in a research note on Wednesday, January 2nd. William Blair initiated coverage on Napco Security Technologies in a research report on Friday, January 11th. They issued an outperform rating and a $15.31 price objective on the stock.

Shares of Napco Security Technologies stock traded down $0.21 during midday trading on Friday, hitting $21.27. The company had a trading volume of 139,879 shares, compared to its average volume of 84,770. The company has a market capitalization of $395.60 million, a P/E ratio of 51.88 and a beta of 0.50. Napco Security Technologies has a 52-week low of $9.48 and a 52-week high of $21.80.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, February 4th. The industrial products company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.07. The company had revenue of $24.83 million for the quarter, compared to the consensus estimate of $22.80 million. Napco Security Technologies had a return on equity of 15.74% and a net margin of 10.14%. Research analysts predict that Napco Security Technologies will post 0.59 earnings per share for the current fiscal year.

Napco Security Technologies declared that its board has initiated a stock repurchase plan on Wednesday, December 26th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

In other news, insider Kevin S. Buchel sold 5,000 shares of the stock in a transaction on Friday, February 8th. The stock was sold at an average price of $19.50, for a total transaction of $97,500.00. Following the transaction, the insider now directly owns 286,230 shares of the company’s stock, valued at approximately $5,581,485. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew Wilder sold 12,000 shares of the stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $14.59, for a total value of $175,080.00. Following the transaction, the director now directly owns 59,120 shares in the company, valued at $862,560.80. The disclosure for this sale can be found here. Insiders have sold a total of 42,000 shares of company stock worth $761,830 over the last three months. Insiders own 38.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its holdings in shares of Napco Security Technologies by 176.8% during the 4th quarter. Meeder Asset Management Inc. now owns 2,594 shares of the industrial products company’s stock valued at $42,000 after buying an additional 1,657 shares during the period. Bank of America Corp DE raised its holdings in Napco Security Technologies by 94.9% in the 4th quarter. Bank of America Corp DE now owns 7,422 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 3,614 shares during the period. Russell Investments Group Ltd. bought a new position in Napco Security Technologies in the 3rd quarter worth $131,000. Acadian Asset Management LLC raised its holdings in Napco Security Technologies by 92.2% in the 3rd quarter. Acadian Asset Management LLC now owns 10,427 shares of the industrial products company’s stock worth $157,000 after purchasing an additional 5,003 shares during the period. Finally, Hancock Whitney Corp bought a new position in Napco Security Technologies in the 4th quarter worth $175,000. 36.49% of the stock is currently owned by hedge funds and other institutional investors.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.

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