Napco Security Technologies (NASDAQ:NSSC) Raised to Hold at StockNews.com

Napco Security Technologies (NASDAQ:NSSC) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other research firms also recently weighed in on NSSC. DA Davidson cut their price target on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Craig Hallum reduced their target price on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC raised their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. TD Cowen reduced their price objective 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. Finally, Lake Street Capital dropped their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Napco Security Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $47.14.

Napco Security Technologies Price Performance

Napco Security Technologies stock opened at $35.96 on Thursday. Napco Security Technologies has a 1-year low of $27.38 and a 1-year high of $58.09. The company has a market cap of $1.32 billion, a PE ratio of 26.44 and a beta of 1.64. The stock’s 50 day moving average price is $39.08 and its 200 day moving average price is $46.46.

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 for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The company had revenue of $44.00 million during the quarter, compared to analyst estimates of $46.56 million. During the same period last year, the firm earned $0.28 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that Napco Security Technologies will post 1.49 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Paul Stephen Beeber sold 708 shares of Napco Security Technologies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the sale, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. The trade was a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NSSC. First Horizon Advisors Inc. lifted its position in shares of Napco Security Technologies by 810.3% during the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 470 shares during the last quarter. Quarry LP lifted its holdings in Napco Security Technologies by 91.2% during the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after buying an additional 312 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Napco Security Technologies by 72,300.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 723 shares in the last quarter. KBC Group NV grew its position in shares of Napco Security Technologies by 61.4% in the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 424 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Napco Security Technologies in the 1st quarter valued at approximately $46,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Napco Security Technologies Company Profile

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.