NAPCO Security Technologies (NASDAQ:NSSC) Given New $46.00 Price Target at Lake Street Capital

NAPCO Security Technologies (NASDAQ:NSSC) had its target price reduced by stock analysts at Lake Street Capital from $50.00 to $46.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Lake Street Capital‘s price target suggests a potential upside of 45.69% from the stock’s previous close.

A number of other research analysts also recently issued reports on NSSC. Benchmark reissued a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. DA Davidson set a $52.00 target price on NAPCO Security Technologies in a research note on Tuesday, August 25th. TD Cowen decreased their target price on NAPCO Security Technologies from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday. Weiss Ratings upgraded NAPCO Security Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Needham & Company LLC dropped their price target on NAPCO Security Technologies from $49.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, NAPCO Security Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $46.50.

NAPCO Security Technologies Price Performance

NASDAQ NSSC traded down $0.53 during mid-day trading on Tuesday, reaching $31.57. 588,530 shares of the stock were exchanged, compared to its average volume of 474,139. NAPCO Security Technologies has a one year low of $31.00 and a one year high of $51.77. The stock has a 50 day simple moving average of $36.39 and a 200-day simple moving average of $39.07. The stock has a market cap of $1.13 billion, a P/E ratio of 26.22 and a beta of 1.49.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, November 2nd. The industrial products company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. The firm had revenue of $49.98 million for the quarter, compared to the consensus estimate of $52.05 million. During the same period last year, the company posted $0.34 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. Sell-side analysts anticipate that NAPCO Security Technologies will post 1.68 EPS for the current fiscal year.

Insider Transactions at NAPCO Security Technologies

In other news, Director Donna Soloway sold 28,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $35.98, for a total value of $1,007,440.00. Following the completion of the sale, the director directly owned 20,962 shares in the company, valued at $754,212.76. This trade represents a 57.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Richard Soloway sold 379,529 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $34.50, for a total value of $13,093,750.50. Following the completion of the sale, the chairman owned 621,958 shares of the company’s stock, valued at approximately $21,457,551. This represents a 37.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 523,962 shares of company stock worth $18,257,168 in the last three months. Insiders own 5.65% of the company’s stock.

Institutional Investors Weigh In On NAPCO Security Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its position in shares of NAPCO Security Technologies by 37.3% during the third quarter. Alps Advisors Inc. now owns 16,182 shares of the industrial products company’s stock valued at $576,000 after buying an additional 4,393 shares during the last quarter. CenterBook Partners LP raised its position in NAPCO Security Technologies by 1,025.8% in the 3rd quarter. CenterBook Partners LP now owns 197,371 shares of the industrial products company’s stock valued at $7,030,000 after buying an additional 179,839 shares during the last quarter. Bridge City Capital LLC raised its position in NAPCO Security Technologies by 18.9% in the 3rd quarter. Bridge City Capital LLC now owns 99,999 shares of the industrial products company’s stock valued at $3,562,000 after buying an additional 15,868 shares during the last quarter. Signaturefd LLC raised its position in NAPCO Security Technologies by 225.9% in the 3rd quarter. Signaturefd LLC now owns 1,310 shares of the industrial products company’s stock valued at $47,000 after buying an additional 908 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in NAPCO Security Technologies by 844.7% during the 3rd quarter. Sterling Capital Management LLC now owns 1,162 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 1,039 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Key NAPCO Security Technologies News

Here are the key news stories impacting NAPCO Security Technologies this week:

• Positive Sentiment: Recurring service revenue increased 11.5%, with service margins above 90%; the recurring-revenue run rate reached about $106 million. That higher-margin growth helped offset softer equipment sales. Napco Recurring Revenue Growth Offsets Softer Equipment Sales in Fiscal Q1
• Positive Sentiment: NAPCO declared a quarterly dividend of $0.17 per share, equivalent to $0.68 annually and a stated yield of 2.1%.
• Neutral Sentiment: TD Cowen lowered its price target to $45 from $55 and Needham cut its target to $43 from $49, but both firms maintained buy ratings. TD Cowen recommendations Needham recommendations
• Negative Sentiment: Fiscal Q1 2027 adjusted EPS of $0.34 missed the $0.38 consensus, while revenue of about $50 million fell short of the roughly $52 million estimate. Revenue rose just 1.6% year over year, and equipment sales declined 7.3%, with a distributor pullback cited as a factor. Excluding a litigation credit, operating income was down about 4% and EPS was flat year over year. Fiscal Q1 2027 results

About NAPCO Security Technologies

NAPCO Security Technologies, Inc develops, manufactures and sells electronic security products and solutions for commercial, institutional, industrial and residential applications. Its offerings include intrusion alarm systems, access control systems, fire alarm products, locking systems and related communications technologies.

The company markets products under brands that include NAPCO, StarLink, Alarm Lock, Continental Instruments and Firewolf. Its solutions are designed to support security dealers, alarm monitoring providers, systems integrators and other professional-channel customers, including applications in schools, healthcare facilities, businesses and government buildings.

Founded in 1969, NAPCO is headquartered in Amityville, New York.