William Blair began coverage on shares of Napco Security Technologies (NASDAQ:NSSC) in a research note published on Friday morning, Marketbeat reports. The firm issued an outperform rating and a $15.31 price objective on the industrial products company’s stock.

NSSC has been the topic of a number of other reports. ValuEngine upgraded Napco Security Technologies from a hold rating to a buy rating in a research note on Wednesday, January 2nd. BidaskClub lowered Napco Security Technologies from a strong-buy rating to a buy rating in a report on Monday, November 19th.

Napco Security Technologies stock opened at $15.95 on Friday. Napco Security Technologies has a 1-year low of $8.55 and a 1-year high of $17.74. The firm has a market capitalization of $278.25 million, a price-to-earnings ratio of 33.29 and a beta of 0.45.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, November 5th. The industrial products company reported $0.08 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.08. Napco Security Technologies had a return on equity of 13.45% and a net margin of 8.80%. The company had revenue of $23.38 million for the quarter.

Napco Security Technologies declared that its board has initiated a share buyback program on Wednesday, December 26th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

In related news, Director Andrew Wilder sold 12,000 shares of the firm’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $14.59, for a total transaction of $175,080.00. Following the transaction, the director now owns 59,120 shares of the company’s stock, valued at $862,560.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kevin S. Buchel sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $17.00, for a total value of $68,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,512 shares of company stock worth $369,131. Corporate insiders own 38.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Manatuck Hill Partners LLC purchased a new position in shares of Napco Security Technologies during the third quarter worth about $710,000. O Shaughnessy Asset Management LLC boosted its holdings in Napco Security Technologies by 291.5% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 25,693 shares of the industrial products company’s stock valued at $384,000 after purchasing an additional 19,130 shares in the last quarter. BlackRock Inc. boosted its holdings in Napco Security Technologies by 10.1% in the 2nd quarter. BlackRock Inc. now owns 960,565 shares of the industrial products company’s stock valued at $14,073,000 after purchasing an additional 88,196 shares in the last quarter. Marshall Wace LLP purchased a new stake in Napco Security Technologies in the 3rd quarter valued at approximately $617,000. Finally, Citadel Advisors LLC purchased a new stake in Napco Security Technologies in the 3rd quarter valued at approximately $176,000. 35.53% of the stock is currently owned by hedge funds and other 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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