DA Davidson Raises Napco Security Technologies (NASDAQ:NSSC) Price Target to $55.00

Napco Security Technologies (NASDAQ:NSSC) had its price target boosted by equities research analysts at DA Davidson from $53.00 to $55.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. DA Davidson’s price target suggests a potential upside of 20.80% from the company’s previous close.

Other research analysts have also issued reports about the stock. B. Riley upped their target price on shares of Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Lake Street Capital lifted their target price on shares of Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. TD Cowen started coverage on Napco Security Technologies in a research note on Tuesday, May 28th. They set a “buy” rating and a $60.00 price objective on the stock. Needham & Company LLC raised their price target on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Craig Hallum reissued a “buy” rating and set a $65.00 price objective (up previously from $50.00) on shares of Napco Security Technologies in a research note on Friday, May 24th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $55.29.

Napco Security Technologies Trading Down 3.9 %

Shares of Napco Security Technologies stock traded down $1.85 during trading on Tuesday, hitting $45.53. The stock had a trading volume of 93,197 shares, compared to its average volume of 373,105. Napco Security Technologies has a 12 month low of $17.76 and a 12 month high of $58.09. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 36.57 and a beta of 1.62. The business’s 50-day moving average is $53.60 and its 200 day moving average is $47.36.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $50.33 million during the quarter, compared to the consensus estimate of $50.18 million. Napco Security Technologies had a return on equity of 30.50% and a net margin of 25.58%. During the same quarter last year, the company posted $0.28 EPS. As a group, equities analysts expect that Napco Security Technologies will post 1.35 EPS for the current year.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, SVP Stephen M. Spinelli sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.13, for a total value of $156,390.00. Following the sale, the senior vice president now directly owns 24,928 shares of the company’s stock, valued at $1,299,496.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.54% of the company’s stock.

Institutional Investors Weigh In On Napco Security Technologies

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Napco Security Technologies by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock valued at $102,654,000 after buying an additional 102,010 shares during the last quarter. GW&K Investment Management LLC increased its position in shares of Napco Security Technologies by 3.6% during the 4th quarter. GW&K Investment Management LLC now owns 1,149,474 shares of the industrial products company’s stock valued at $39,369,000 after purchasing an additional 40,166 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Napco Security Technologies by 168.9% during the 4th quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock valued at $23,672,000 after purchasing an additional 434,164 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Napco Security Technologies in the second quarter worth approximately $31,504,000. Finally, Wasatch Advisors LP increased its holdings in Napco Security Technologies by 13.3% during the fourth quarter. Wasatch Advisors LP now owns 571,416 shares of the industrial products company’s stock valued at $19,571,000 after buying an additional 67,175 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.