Napco Security Technologies (NASDAQ:NSSC) Lowered to Hold Rating by Craig Hallum

Napco Security Technologies (NASDAQ:NSSC) was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research note issued on Tuesday,Briefing.com Automated Import reports. They currently have a $28.00 price target on the industrial products company’s stock. Craig Hallum’s price objective points to a potential upside of 3.97% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. DA Davidson lowered their target price on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Lake Street Capital cut their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC decreased their price target on shares of Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, TD Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $46.00 to $27.00 in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.14.

Napco Security Technologies Stock Down 26.6 %

NSSC opened at $26.93 on Tuesday. The firm has a 50-day moving average price of $36.46 and a 200-day moving average price of $41.18. The company has a market capitalization of $987.79 million, a price-to-earnings ratio of 19.80 and a beta of 1.64. Napco Security Technologies has a twelve month low of $25.51 and a twelve month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). The company had revenue of $42.90 million for the quarter, compared to analysts’ expectations of $49.93 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The company’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. On average, sell-side analysts expect that Napco Security Technologies will post 1.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Napco Security Technologies

Several institutional investors have recently modified their holdings of the company. Arcadia Investment Management Corp MI purchased a new stake in Napco Security Technologies in the fourth quarter worth approximately $86,000. Rice Hall James & Associates LLC raised its position in Napco Security Technologies by 23.4% in the 4th quarter. Rice Hall James & Associates LLC now owns 196,472 shares of the industrial products company’s stock worth $6,987,000 after purchasing an additional 37,262 shares during the period. Kornitzer Capital Management Inc. KS lifted its stake in Napco Security Technologies by 15.5% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 274,970 shares of the industrial products company’s stock worth $9,778,000 after purchasing an additional 36,975 shares during the last quarter. Truist Financial Corp boosted its position in Napco Security Technologies by 4.4% during the fourth quarter. Truist Financial Corp now owns 27,420 shares of the industrial products company’s stock valued at $975,000 after buying an additional 1,168 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Napco Security Technologies by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 21,190 shares of the industrial products company’s stock valued at $754,000 after acquiring an additional 1,804 shares during the period. 85.07% of the stock is currently owned by institutional investors.

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.