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

Napco Security Technologies (NASDAQ:NSSC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other brokerages have also weighed in on NSSC. Needham & Company LLC upped their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Craig Hallum cut their target price 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. DA Davidson lowered their price target on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. TD Cowen cut their price objective on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Lake Street Capital lowered their target price on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.14.

Napco Security Technologies Trading Down 2.6 %

Shares of Napco Security Technologies stock opened at $35.96 on Thursday. Napco Security Technologies has a twelve month low of $27.38 and a twelve month high of $58.09. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 26.44 and a beta of 1.64. The business’s 50 day simple moving average is $39.08 and its 200-day simple moving average is $46.46.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The firm had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 earnings per share. Sell-side analysts predict that Napco Security Technologies will post 1.49 earnings per share for the current year.

Insider Activity at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the transaction, the director now directly owns 2,681 shares of the company’s stock, valued at $99,518.72. The trade was a 20.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Napco Security Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in NSSC. First Horizon Advisors Inc. lifted its stake in Napco Security Technologies by 810.3% in the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $27,000 after buying an additional 470 shares during the period. Farther Finance Advisors LLC lifted its position in Napco Security Technologies by 72,300.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 723 shares in the last quarter. Quarry LP lifted its holdings in shares of Napco Security Technologies by 91.2% in the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 312 shares in the last quarter. KBC Group NV boosted its position in Napco Security Technologies by 61.4% during the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 424 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Napco Security Technologies during the first quarter worth $46,000. Institutional investors own 85.07% of the company’s stock.

About Napco Security Technologies

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.