Needham & Company LLC Issues Pessimistic Forecast for Napco Security Technologies (NASDAQ:NSSC) Stock Price

Napco Security Technologies (NASDAQ:NSSC) had its target price lowered by investment analysts at Needham & Company LLC from $52.00 to $40.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 55.95% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Lake Street Capital dropped their price objective 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. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. DA Davidson reduced their price objective 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. Craig Hallum lowered their target price on shares of 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, TD Cowen reduced their price target on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Napco Security Technologies currently has an average rating of “Hold” and a consensus price target of $39.14.

Napco Security Technologies Price Performance

Shares of Napco Security Technologies stock opened at $25.65 on Tuesday. The stock has a market cap of $940.94 million, a price-to-earnings ratio of 18.86 and a beta of 1.64. The firm’s 50-day moving average is $35.92 and its two-hundred day moving average is $40.88. Napco Security Technologies has a 1 year low of $24.90 and a 1 year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The business had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. On average, equities analysts expect that Napco Security Technologies will post 1.55 earnings per share for the current year.

Hedge Funds Weigh In On Napco Security Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in Napco Security Technologies by 72,300.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 723 shares during the last quarter. KBC Group NV lifted its holdings in shares of Napco Security Technologies by 61.4% during the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 424 shares during the period. First Horizon Advisors Inc. boosted its position in Napco Security Technologies by 109.7% in the third quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock valued at $45,000 after buying an additional 579 shares during the last quarter. Huntington National Bank increased its holdings in Napco Security Technologies by 54.7% in the 3rd quarter. Huntington National Bank now owns 1,777 shares of the industrial products company’s stock worth $72,000 after buying an additional 628 shares during the period. Finally, Arcadia Investment Management Corp MI purchased a new position in Napco Security Technologies during the 4th quarter worth approximately $86,000. 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 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.