TD Cowen Downgrades Napco Security Technologies (NASDAQ:NSSC) to Hold

Napco Security Technologies (NASDAQ:NSSC) was downgraded by research analysts at TD Cowen from a “buy” rating to a “hold” rating in a report issued on Tuesday, MarketBeat.com reports. They presently have a $27.00 target price on the industrial products company’s stock, down from their prior target price of $46.00. TD Cowen’s price objective points to a potential upside of 5.26% from the company’s previous close.

Other analysts have also recently issued reports about the company. Needham & Company LLC reduced their target price on Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Craig Hallum reduced their price objective 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. Lake Street Capital decreased 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. Finally, DA Davidson lowered their price target on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.14.

Napco Security Technologies Trading Down 2.9 %

Shares of NSSC stock opened at $25.65 on Tuesday. The firm has a market capitalization of $940.94 million, a price-to-earnings ratio of 18.86 and a beta of 1.64. The business’s 50-day moving average price is $35.92 and its 200-day moving average price is $40.88. Napco Security Technologies has a 12 month low of $24.90 and a 12 month high of $58.09.

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

Hedge Funds Weigh In On Napco Security Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSSC. Copeland Capital Management LLC raised its holdings in Napco Security Technologies by 108.6% during 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 acquiring an additional 540,436 shares during the period. FMR LLC increased its position in shares of Napco Security Technologies by 30.8% during the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock valued at $85,075,000 after buying an additional 494,988 shares during the period. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Napco Security Technologies by 426.5% in the third quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company’s stock worth $9,629,000 after buying an additional 192,790 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of Napco Security Technologies by 94.4% in the fourth quarter. Congress Asset Management Co. now owns 279,670 shares of the industrial products company’s stock valued at $9,945,000 after acquiring an additional 135,802 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in Napco Security Technologies by 74.3% during the third quarter. Rockefeller Capital Management L.P. now owns 300,901 shares of the industrial products company’s stock valued at $12,174,000 after acquiring an additional 128,316 shares in the last quarter. 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.