NAPCO Security Technologies (NASDAQ:NSSC) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

NAPCO Security Technologies (NASDAQ:NSSC) posted its quarterly earnings results on Monday. The industrial products company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11, Zacks reports. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%.

NAPCO Security Technologies Stock Performance

NASDAQ NSSC opened at $38.09 on Monday. NAPCO Security Technologies has a 12 month low of $30.40 and a 12 month high of $48.12. The company’s 50 day moving average is $37.55 and its two-hundred day moving average is $40.05. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 36.62 and a beta of 1.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC raised its position in NAPCO Security Technologies by 3.0% in the 4th quarter. Janus Henderson Group PLC now owns 1,569,363 shares of the industrial products company’s stock worth $65,457,000 after purchasing an additional 45,093 shares during the period. Geode Capital Management LLC grew its holdings in NAPCO Security Technologies by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,028,863 shares of the industrial products company’s stock worth $42,910,000 after acquiring an additional 4,324 shares in the last quarter. State Street Corp increased its holdings in NAPCO Security Technologies by 14.4% during the fourth quarter. State Street Corp now owns 896,315 shares of the industrial products company’s stock valued at $37,484,000 after buying an additional 112,495 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of NAPCO Security Technologies by 668.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock worth $36,986,000 after purchasing an additional 749,065 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of NAPCO Security Technologies by 62.4% in the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after buying an additional 295,755 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on NSSC shares. DA Davidson restated a “buy” rating and issued a $52.00 target price on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Weiss Ratings restated a “hold (c)” rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. Needham & Company LLC restated a “buy” rating and issued a $49.00 price objective on shares of NAPCO Security Technologies in a research report on Friday. TD Cowen restated a “buy” rating and set a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Finally, Wall Street Zen cut NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.67.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.