Needham & Company LLC Cuts Napco Security Technologies (NASDAQ:NSSC) Price Target to $37.00

Napco Security Technologies (NASDAQ:NSSC) had its price objective reduced by equities researchers at Needham & Company LLC from $40.00 to $37.00 in a report released on Friday. The brokerage currently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s target price indicates a potential upside of 52.64% from the company’s previous close.

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

Napco Security Technologies Stock Performance

Shares of NSSC stock opened at $24.24 on Friday. Napco Security Technologies has a 52-week low of $23.00 and a 52-week high of $58.09. The company has a 50-day simple moving average of $28.39 and a two-hundred day simple moving average of $34.94. The company has a market capitalization of $882.36 million, a price-to-earnings ratio of 18.65 and a beta of 1.59.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data 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 27.65% and a net margin of 25.94%. The firm had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, sell-side analysts forecast that Napco Security Technologies will post 1.24 EPS for the current fiscal year.

Institutional Trading of Napco Security Technologies

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Napco Security Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,849,651 shares of the industrial products company’s stock worth $101,334,000 after acquiring an additional 32,482 shares during the last quarter. FMR LLC lifted its holdings in shares of Napco Security Technologies by 30.8% during the 3rd quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock worth $85,075,000 after acquiring an additional 494,988 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in shares of Napco Security Technologies by 15.1% during the 4th quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company’s stock worth $42,481,000 after acquiring an additional 156,495 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Napco Security Technologies by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 1,010,696 shares of the industrial products company’s stock worth $35,948,000 after acquiring an additional 51,661 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Napco Security Technologies by 15.1% during the 4th quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company’s stock worth $33,403,000 after acquiring an additional 123,091 shares during the last quarter. 85.07% of the stock is owned by 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.