Napco Security Technologies (NASDAQ:NSSC) Rating Lowered to “Hold” at Craig Hallum

Napco Security Technologies (NASDAQ:NSSC) was downgraded by research analysts at Craig Hallum from a “buy” rating to a “hold” rating in a report released on Tuesday, Marketbeat Ratings reports. They currently have a $28.00 price objective on the industrial products company’s stock. Craig Hallum’s target price suggests a potential upside of 9.16% from the company’s previous close.

NSSC has been the subject of several other reports. DA Davidson cut their price target on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Lake Street Capital cut 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 note on Tuesday, November 5th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Needham & Company LLC decreased 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. Finally, TD Cowen cut Napco Security Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $46.00 to $27.00 in a report on Tuesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Napco Security Technologies has a consensus rating of “Hold” and a consensus price target of $39.14.

Napco Security Technologies Stock Down 2.9 %

NASDAQ:NSSC opened at $25.65 on Tuesday. Napco Security Technologies has a 12-month low of $24.90 and a 12-month high of $58.09. The firm has a market capitalization of $940.94 million, a PE ratio of 18.86 and a beta of 1.64. The firm has a 50-day moving average price of $35.92 and a 200 day moving average price of $40.88.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s quarterly revenue was down 9.3% on a year-over-year basis. On average, research analysts expect that Napco Security Technologies will post 1.55 EPS for the current year.

Institutional Trading of Napco Security Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in shares of Napco Security Technologies by 18.9% during the third quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company’s stock worth $102,000 after buying an additional 400 shares during the last quarter. KBC Group NV grew its holdings in Napco Security Technologies by 61.4% during 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 during the period. US Bancorp DE raised its position in shares of Napco Security Technologies by 9.1% during the 3rd quarter. US Bancorp DE now owns 5,329 shares of the industrial products company’s stock valued at $216,000 after acquiring an additional 443 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Napco Security Technologies by 109.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 579 shares during the period. Finally, CWM LLC boosted its position in shares of Napco Security Technologies by 22.5% in the 3rd quarter. CWM LLC now owns 3,383 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 622 shares during the last quarter. 85.07% of the stock is 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.