Needham & Company LLC Has Lowered Expectations for Napco Security Technologies (NASDAQ:NSSC) Stock Price

Napco Security Technologies (NASDAQ:NSSC) had its target price cut by investment analysts at Needham & Company LLC from $40.00 to $37.00 in a report issued on Friday, MarketBeat reports. The firm presently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s price target points to a potential upside of 54.55% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Lake Street Capital set a $30.00 target price on shares of Napco Security Technologies and gave the stock a “buy” rating in a report on Tuesday, February 4th. Craig Hallum downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a report on Tuesday, February 4th. Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, TD Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $46.00 to $27.00 in a report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.83.

Napco Security Technologies Stock Down 1.2 %

Shares of NSSC stock opened at $23.94 on Friday. The stock has a market cap of $871.44 million, a P/E ratio of 18.42 and a beta of 1.59. Napco Security Technologies has a 52 week low of $23.00 and a 52 week high of $58.09. The company’s fifty day simple moving average is $28.20 and its two-hundred day simple moving average is $34.72.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly 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). The company had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, analysts anticipate that Napco Security Technologies will post 1.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Napco Security Technologies

Hedge funds have recently added to or reduced their stakes in the company. KBC Group NV grew its stake in 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. Wells Fargo & Company MN grew its stake in Napco Security Technologies by 0.7% in the 4th quarter. Wells Fargo & Company MN now owns 62,007 shares of the industrial products company’s stock worth $2,205,000 after acquiring an additional 437 shares in the last quarter. Truvestments Capital LLC grew its stake in Napco Security Technologies by 6.7% in the 4th quarter. Truvestments Capital LLC now owns 7,009 shares of the industrial products company’s stock worth $249,000 after acquiring an additional 443 shares in the last quarter. Invesco Ltd. grew its stake in Napco Security Technologies by 1.4% in the 4th quarter. Invesco Ltd. now owns 35,737 shares of the industrial products company’s stock worth $1,271,000 after acquiring an additional 477 shares in the last quarter. Finally, Huntington National Bank grew its stake in Napco Security Technologies by 31.4% in the 4th quarter. Huntington National Bank now owns 2,335 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 558 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

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.