Napco Security Technologies (NASDAQ:NSSC) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Napco Security Technologies (NASDAQ:NSSC – Get Rating) issued its quarterly earnings results on Monday. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01, MarketWatch Earnings reports. Napco Security Technologies had a return on equity of 15.64% and a net margin of 14.19%. During the same period in the prior year, the company earned $0.12 EPS.

Napco Security Technologies stock traded down $0.19 during trading hours on Tuesday, hitting $16.19. The stock had a trading volume of 3,697 shares, compared to its average volume of 124,020. The company has a market cap of $594.69 million, a PE ratio of 32.71 and a beta of 1.40. Napco Security Technologies has a 1-year low of $15.33 and a 1-year high of $26.00. The firm has a fifty day simple moving average of $19.58.

Several brokerages have recently issued reports on NSSC. TheStreet lowered shares of Napco Security Technologies from a “b” rating to a “c+” rating in a report on Wednesday, April 6th. StockNews.com assumed coverage on shares of Napco Security Technologies in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Needham & Company LLC reduced their price target on shares of Napco Security Technologies from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, February 8th. Zacks Investment Research upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, April 13th. Finally, Canaccord Genuity Group dropped their price objective on shares of Napco Security Technologies from $59.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 14th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $26.29.

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in Napco Security Technologies by 363.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,594 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 2,034 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Napco Security Technologies by 105.5% during the fourth quarter. Citigroup Inc. now owns 3,960 shares of the industrial products company’s stock valued at $198,000 after buying an additional 2,033 shares in the last quarter. Invesco Ltd. purchased a new position in Napco Security Technologies in the third quarter valued at about $276,000. Advisor Group Holdings Inc. grew its stake in Napco Security Technologies by 190.5% in the first quarter. Advisor Group Holdings Inc. now owns 13,579 shares of the industrial products company’s stock valued at $279,000 after purchasing an additional 8,905 shares in the last quarter. Finally, Parametric Portfolio Associates LLC acquired a new stake in shares of Napco Security Technologies in the fourth quarter worth about $797,000. Institutional investors own 32.54% of the company’s stock.

Napco Security Technologies Company Profile (Get Rating)

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.

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