Napco Security Technologies (NASDAQ:NSSC) Rating Increased to Hold at StockNews.com

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

Several other research analysts have also recently issued reports on the stock. TD Cowen cut their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Lake Street Capital cut their target price on 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. Needham & Company LLC lifted their price target on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Craig Hallum cut their price objective on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, DA Davidson reduced their target price on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.14.

Napco Security Technologies Stock Up 1.8 %

Shares of NSSC stock opened at $39.95 on Tuesday. The stock’s 50-day moving average price is $39.00 and its 200 day moving average price is $46.09. The stock has a market capitalization of $1.47 billion, a PE ratio of 29.38 and a beta of 1.64. Napco Security Technologies has a 52-week low of $31.14 and a 52-week high of $58.09.

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 for the quarter, compared to analysts’ expectations of $46.56 million. During the same quarter last year, the company earned $0.28 EPS. Napco Security Technologies’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts expect that Napco Security Technologies will post 1.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the sale, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. This represents a 20.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.24% of the company’s stock.

Institutional Trading of Napco Security Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. raised its stake in Napco Security Technologies by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 19,961 shares of the industrial products company’s stock valued at $807,000 after purchasing an additional 915 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Napco Security Technologies by 14.3% during the third quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company’s stock worth $38,809,000 after buying an additional 120,304 shares in the last quarter. Barclays PLC raised its position in shares of Napco Security Technologies by 266.0% in the third quarter. Barclays PLC now owns 62,085 shares of the industrial products company’s stock valued at $2,511,000 after buying an additional 45,122 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Napco Security Technologies during the third quarter valued at approximately $672,000. Finally, State Street Corp boosted its position in Napco Security Technologies by 2.2% during the third quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock worth $31,790,000 after acquiring an additional 16,931 shares during the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

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.