B. Riley Increases Napco Security Technologies (NASDAQ:NSSC) Price Target to $45.00

Napco Security Technologies (NASDAQ:NSSC) had its price target lifted by stock analysts at B. Riley from $36.00 to $45.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. B. Riley’s target price indicates a potential upside of 1.24% from the company’s previous close. B. Riley also issued estimates for Napco Security Technologies’ FY2024 earnings at $1.33 EPS, Q1 2025 earnings at $0.36 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.41 EPS and FY2025 earnings at $1.53 EPS.

Several other equities analysts also recently weighed in on the company. Needham & Company LLC raised their target price on Napco Security Technologies from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday. StockNews.com lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. DA Davidson began coverage on shares of Napco Security Technologies in a research note on Friday, April 26th. They issued a “buy” rating and a $52.00 price target on the stock. Finally, Imperial Capital cut shares of Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price objective for the company. in a research note on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Napco Security Technologies presently has a consensus rating of “Hold” and an average price target of $41.83.

Napco Security Technologies Stock Performance

Napco Security Technologies stock opened at $44.45 on Tuesday. The company’s fifty day moving average price is $41.02 and its 200 day moving average price is $35.79. The stock has a market capitalization of $1.63 billion, a P/E ratio of 37.35 and a beta of 1.51. Napco Security Technologies has a 1 year low of $17.76 and a 1 year high of $46.41.

Napco Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, May 6th. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $49.30 million during the quarter, compared to analysts’ expectations of $48.16 million. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share. Sell-side analysts predict that Napco Security Technologies will post 1.31 EPS for the current year.

Insider Buying and Selling at Napco Security Technologies

In related news, CEO Richard Soloway sold 250,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total transaction of $11,050,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,406,010 shares of the company’s stock, valued at approximately $62,145,642. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Napco Security Technologies news, CEO Richard Soloway sold 250,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $44.20, for a total transaction of $11,050,000.00. Following the completion of the transaction, the chief executive officer now owns 1,406,010 shares of the company’s stock, valued at $62,145,642. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Michael Carrieri sold 5,200 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $45.92, for a total transaction of $238,784.00. Following the completion of the sale, the senior vice president now directly owns 14,232 shares in the company, valued at $653,533.44. The disclosure for this sale can be found here. Insiders have sold 343,200 shares of company stock worth $15,037,644 over the last quarter. 11.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NSSC. Vanguard Group Inc. lifted its stake in Napco Security Technologies by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,399,096 shares of the industrial products company’s stock worth $53,380,000 after acquiring an additional 120,842 shares in the last quarter. FMR LLC increased its stake in Napco Security Technologies by 29.0% during the third quarter. FMR LLC now owns 1,577,159 shares of the industrial products company’s stock worth $35,092,000 after purchasing an additional 354,579 shares during the period. GW&K Investment Management LLC lifted its position in shares of Napco Security Technologies by 3.6% during the fourth quarter. GW&K Investment Management LLC now owns 1,149,474 shares of the industrial products company’s stock worth $39,369,000 after purchasing an additional 40,166 shares in the last quarter. abrdn plc boosted its stake in shares of Napco Security Technologies by 49.3% in the fourth quarter. abrdn plc now owns 883,726 shares of the industrial products company’s stock valued at $30,268,000 after purchasing an additional 291,920 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Napco Security Technologies by 168.9% in the fourth quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock valued at $23,672,000 after purchasing an additional 434,164 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.