Napco Security Technologies (NASDAQ:NSSC) Price Target Lowered to $41.00 at Lake Street Capital

Napco Security Technologies (NASDAQ:NSSC) had its target price reduced by stock analysts at Lake Street Capital from $60.00 to $41.00 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 target price would indicate a potential upside of 14.17% from the company’s previous close.

A number of other analysts have also recently commented on the company. Needham & Company LLC lifted their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Craig Hallum lowered their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday. TD Cowen reduced their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, DA Davidson raised their target price on shares of Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Napco Security Technologies has an average rating of “Moderate Buy” and a consensus price target of $47.14.

Napco Security Technologies Price Performance

Shares of NASDAQ NSSC traded up $1.40 on Tuesday, hitting $35.91. The company’s stock had a trading volume of 762,717 shares, compared to its average volume of 458,283. The stock has a 50 day moving average of $40.07 and a 200-day moving average of $46.85. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 26.80 and a beta of 1.64. Napco Security Technologies has a 12-month low of $21.31 and a 12-month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. The company had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. During the same quarter last year, the company posted $0.28 EPS. Napco Security Technologies’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts expect that Napco Security Technologies will post 1.85 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction 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 approximately $99,518.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.24% of the stock is currently owned by insiders.

Institutional Trading of Napco Security Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new stake in Napco Security Technologies during the third quarter worth approximately $863,000. Meritage Portfolio Management lifted its holdings in shares of Napco Security Technologies by 11.5% during the 3rd quarter. Meritage Portfolio Management now owns 7,694 shares of the industrial products company’s stock valued at $311,000 after acquiring an additional 795 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its position in Napco Security Technologies by 426.5% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company’s stock worth $9,629,000 after purchasing an additional 192,790 shares during the period. Olympiad Research LP boosted its position in Napco Security Technologies by 118.6% during the 3rd quarter. Olympiad Research LP now owns 18,542 shares of the industrial products company’s stock worth $750,000 after purchasing an additional 10,058 shares during the period. Finally, Emerald Advisers LLC increased its holdings in Napco Security Technologies by 4.0% in the 3rd quarter. Emerald Advisers LLC now owns 508,257 shares of the industrial products company’s stock valued at $20,564,000 after purchasing an additional 19,674 shares in the last quarter. Institutional investors and hedge funds 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.