TD Cowen Cuts Napco Security Technologies (NASDAQ:NSSC) Price Target to $46.00

Napco Security Technologies (NASDAQ:NSSC) had its price target lowered by stock analysts at TD Cowen from $60.00 to $46.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. TD Cowen’s price objective would indicate a potential upside of 28.49% from the company’s current price.

NSSC has been the topic of several other reports. Craig Hallum cut their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday. Needham & Company LLC upped their target price on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. DA Davidson raised their price target on Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Finally, Lake Street Capital restated a “buy” rating and set a $60.00 price objective on shares of Napco Security Technologies in a report on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Napco Security Technologies presently has an average rating of “Moderate Buy” and an average price target of $50.86.

Napco Security Technologies Stock Performance

NASDAQ:NSSC traded up $1.29 during trading hours on Tuesday, reaching $35.80. The stock had a trading volume of 357,352 shares, compared to its average volume of 456,389. The stock has a market capitalization of $1.31 billion, a PE ratio of 26.54 and a beta of 1.64. Napco Security Technologies has a 52 week low of $21.31 and a 52 week high of $58.09. The company has a 50 day moving average price of $40.07 and a two-hundred day moving average price of $46.85.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data 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). The business had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $46.56 million. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 earnings per share. Equities research analysts predict that Napco Security Technologies will post 1.85 EPS for the current year.

Insider Buying and Selling at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of Napco Security Technologies stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the sale, the director now directly owns 2,681 shares in the company, valued at $99,518.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Napco Security Technologies

Large investors have recently bought and sold shares of the company. First Horizon Advisors Inc. raised its stake in shares of Napco Security Technologies by 810.3% during the 2nd 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 last quarter. Whittier Trust Co. purchased a new position in Napco Security Technologies during the first quarter valued at approximately $28,000. Farther Finance Advisors LLC lifted its holdings in Napco Security Technologies by 72,300.0% in the third 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 during the period. Quarry LP boosted its position in Napco Security Technologies by 91.2% in the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 312 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Napco Security Technologies in the 1st quarter worth approximately $46,000. Hedge funds and other institutional investors 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.