BidaskClub upgraded shares of Napco Security Technologies (NASDAQ:NSSC) from a sell rating to a hold rating in a research report released on Saturday, BidAskClub reports.

A number of other brokerages have also commented on NSSC. ValuEngine upgraded shares of Napco Security Technologies from a hold rating to a buy rating in a research note on Wednesday, January 2nd. William Blair initiated coverage on shares of Napco Security Technologies in a research note on Friday, January 11th. They issued an outperform rating and a $15.31 price target for the company. Canaccord Genuity lifted their price target on shares of Napco Security Technologies from $19.00 to $24.00 and gave the stock a buy rating in a research note on Tuesday, February 5th. Finally, Zacks Investment Research upgraded shares of Napco Security Technologies from a hold rating to a buy rating and set a $23.00 price target for the company in a research note on Wednesday, March 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Napco Security Technologies currently has a consensus rating of Buy and an average target price of $20.77.

Shares of NSSC stock opened at $23.95 on Friday. Napco Security Technologies has a 52 week low of $10.50 and a 52 week high of $25.37. The company has a market capitalization of $441.25 million, a PE ratio of 58.41 and a beta of 0.67.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, February 4th. The industrial products company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. Napco Security Technologies had a net margin of 10.14% and a return on equity of 15.74%. The firm had revenue of $24.83 million during the quarter, compared to analyst estimates of $22.80 million. On average, research analysts anticipate that Napco Security Technologies will post 0.59 EPS for the current fiscal year.

Napco Security Technologies announced that its Board of Directors has approved a share repurchase program on Wednesday, December 26th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

In related news, SVP Jorge Hevia sold 7,823 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $20.90, for a total value of $163,500.70. Following the transaction, the senior vice president now owns 164,820 shares of the company’s stock, valued at $3,444,738. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael Carrieri sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $19.57, for a total transaction of $489,250.00. The disclosure for this sale can be found here. Insiders sold 37,823 shares of company stock valued at $750,251 over the last quarter. Company insiders own 38.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Napco Security Technologies by 0.6% in the fourth quarter. BlackRock Inc. now owns 975,948 shares of the industrial products company’s stock worth $15,372,000 after buying an additional 6,273 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Napco Security Technologies by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 969,107 shares of the industrial products company’s stock worth $15,263,000 after buying an additional 2,955 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Napco Security Technologies by 17.9% in the third quarter. Vanguard Group Inc. now owns 584,591 shares of the industrial products company’s stock worth $8,739,000 after buying an additional 88,649 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Napco Security Technologies by 17.9% in the third quarter. Vanguard Group Inc now owns 584,591 shares of the industrial products company’s stock worth $8,739,000 after buying an additional 88,649 shares during the last quarter. Finally, Ranger Investment Management L.P. boosted its holdings in shares of Napco Security Technologies by 12.5% in the fourth quarter. Ranger Investment Management L.P. now owns 527,778 shares of the industrial products company’s stock worth $8,313,000 after buying an additional 58,663 shares during the last quarter. 36.31% of the stock is currently owned by institutional investors.

About Napco Security Technologies

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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