StockNews.com Upgrades Napco Security Technologies (NASDAQ:NSSC) to “Hold”

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

Several other equities research analysts also recently weighed in on the stock. DA Davidson lowered their target price on shares of 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 lowered their price objective on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Lake Street Capital reduced their target price on 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. Craig Hallum decreased their price target on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Needham & Company LLC boosted their price target on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Napco Security Technologies presently has an average rating of “Moderate Buy” and an average price target of $47.14.

Napco Security Technologies Stock Performance

Shares of NSSC opened at $40.80 on Tuesday. The company has a 50 day moving average price of $38.96 and a 200-day moving average price of $46.02. Napco Security Technologies has a fifty-two week low of $31.14 and a fifty-two week high of $58.09. The stock has a market capitalization of $1.50 billion, a PE ratio of 30.00 and a beta of 1.62.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $46.56 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Napco Security Technologies will post 1.49 EPS for the current year.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the company’s 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 sale, the director now directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. This represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.24% of the stock is owned by insiders.

Institutional Trading of Napco Security Technologies

A number of hedge funds have recently modified their holdings of NSSC. SG Americas Securities LLC boosted its holdings in Napco Security Technologies by 250.8% during the second quarter. SG Americas Securities LLC now owns 22,714 shares of the industrial products company’s stock worth $1,180,000 after buying an additional 16,239 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Napco Security Technologies in the third quarter worth about $2,644,000. Natixis Advisors LLC purchased a new stake in shares of Napco Security Technologies during the 2nd quarter worth about $6,141,000. Envestnet Asset Management Inc. grew its position in shares of Napco Security Technologies by 35.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company’s stock valued at $20,019,000 after acquiring an additional 101,182 shares during the period. Finally, Copeland Capital Management LLC increased its stake in shares of Napco Security Technologies by 108.6% in the 3rd quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock valued at $42,003,000 after purchasing an additional 540,436 shares in the last quarter. 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 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.