Napco Security Technologies (NASDAQ:NSSC) Price Target Cut to $28.00 by Analysts at Lake Street Capital

Napco Security Technologies (NASDAQ:NSSC) had its price objective lowered by Lake Street Capital from $30.00 to $28.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Lake Street Capital’s price target suggests a potential upside of 17.65% from the company’s previous close.

Several other equities research analysts have also weighed in on the stock. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Craig Hallum downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a research note on Tuesday, February 4th. Needham & Company LLC decreased their target price on Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday. Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, TD Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.50.

Napco Security Technologies Trading Down 3.3 %

Shares of NASDAQ:NSSC traded down $0.82 during midday trading on Tuesday, hitting $23.80. The company had a trading volume of 116,102 shares, compared to its average volume of 457,741. Napco Security Technologies has a 12 month low of $23.00 and a 12 month high of $58.09. The firm has a fifty day simple moving average of $28.02 and a 200 day simple moving average of $34.59. The stock has a market cap of $866.31 million, a price-to-earnings ratio of 18.32 and a beta of 1.59.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The company had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. During the same period last year, the company earned $0.34 earnings per share. The business’s revenue was down 9.3% compared to the same quarter last year. Equities analysts forecast that Napco Security Technologies will post 1.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Napco Security Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of NSSC. Thrivent Financial for Lutherans bought a new position in shares of Napco Security Technologies during the 3rd quarter worth approximately $2,644,000. State Street Corp boosted its holdings 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 purchasing an additional 16,931 shares during the last quarter. XTX Topco Ltd bought a new position in Napco Security Technologies in the third quarter valued at $672,000. Barclays PLC increased its stake in Napco Security Technologies by 266.0% in the 3rd 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. Finally, PDT Partners LLC bought a new stake in Napco Security Technologies during the 3rd quarter worth about $1,475,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

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.