Napco Security Technologies’ (NSSC) Buy Rating Reaffirmed at Needham & Company LLC

Napco Security Technologies (NASDAQ:NSSC)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They currently have a $52.00 target price on the industrial products company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 50.33% from the company’s current price.

Other analysts have also issued research reports about the stock. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. DA Davidson lowered their target price on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. TD Cowen cut their price target on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Craig Hallum lowered their price objective on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Lake Street Capital cut their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.43.

Napco Security Technologies Trading Up 2.2 %

NASDAQ:NSSC opened at $34.59 on Thursday. The stock has a market capitalization of $1.27 billion, a P/E ratio of 25.43 and a beta of 1.65. Napco Security Technologies has a 1 year low of $31.27 and a 1 year high of $58.09. The firm has a 50 day moving average of $37.09 and a 200-day moving average of $43.01.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The business had revenue of $44.00 million during the quarter, compared to the consensus estimate of $46.56 million. During the same period in the prior year, the firm earned $0.28 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts forecast that Napco Security Technologies will post 1.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Napco Security Technologies

Several large investors have recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Napco Security Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock valued at $31,790,000 after buying an additional 16,931 shares during the period. Thrivent Financial for Lutherans acquired a new position in Napco Security Technologies in the third quarter valued at about $2,644,000. XTX Topco Ltd acquired a new position in Napco Security Technologies in the third quarter valued at about $672,000. Barclays PLC increased its holdings in shares of Napco Security Technologies by 266.0% in the third quarter. Barclays PLC now owns 62,085 shares of the industrial products company’s stock worth $2,511,000 after acquiring an additional 45,122 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Napco Security Technologies by 35.6% during the second quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company’s stock worth $20,019,000 after purchasing an additional 101,182 shares during the period. Institutional investors own 85.07% of the company’s stock.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.