Napco Security Technologies (NASDAQ:NSSC) Reaches New 52-Week High at $57.37

Napco Security Technologies, Inc. (NASDAQ:NSSC) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $57.37 and last traded at $57.33, with a volume of 59342 shares changing hands. The stock had previously closed at $56.47.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. TD Cowen initiated coverage on Napco Security Technologies in a research report on Tuesday, May 28th. They issued a “buy” rating and a $60.00 price target on the stock. B. Riley lifted their price target on shares of Napco Security Technologies from $36.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Craig Hallum reiterated a “buy” rating and issued a $65.00 price target (up from $50.00) on shares of Napco Security Technologies in a research note on Friday, May 24th. 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, Needham & Company LLC lifted their price target on shares of Napco Security Technologies from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $54.14.

Napco Security Technologies Trading Up 1.9 %

The company’s 50-day simple moving average is $53.27 and its 200-day simple moving average is $46.80. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 44.82 and a beta of 1.62.

Insider Buying and Selling at Napco Security Technologies

In other news, SVP Stephen M. Spinelli sold 3,000 shares of Napco Security Technologies stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.13, for a total value of $156,390.00. Following the completion of the transaction, the senior vice president now owns 24,928 shares in the company, valued at $1,299,496.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.54% of the company’s stock.

Hedge Funds Weigh In On Napco Security Technologies

Several large investors have recently modified their holdings of NSSC. Vanguard Group Inc. boosted its position in shares of Napco Security Technologies by 4.2% in the first quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock valued at $102,654,000 after acquiring an additional 102,010 shares during the period. GW&K Investment Management LLC lifted its position in 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 valued at $39,369,000 after purchasing an additional 40,166 shares during the last quarter. abrdn plc lifted its position in Napco Security Technologies by 49.3% during 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 last quarter. Wellington Management Group LLP lifted its position in Napco Security Technologies by 168.9% during 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 during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Napco Security Technologies during the second quarter valued at approximately $31,504,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

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.