Lake Street Capital Lowers Napco Security Technologies (NASDAQ:NSSC) Price Target to $28.00

Napco Security Technologies (NASDAQ:NSSC) had its target price decreased by stock analysts at 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 objective indicates a potential upside of 17.55% from the company’s previous close.

A number of other research analysts have also weighed in on the company. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Craig Hallum cut Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a report on Tuesday, February 4th. TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and cut their price objective for the stock from $46.00 to $27.00 in a report on Tuesday, February 4th. Finally, Needham & Company LLC lowered their target price on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, March 21st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $35.50.

Napco Security Technologies Trading Down 1.9 %

Napco Security Technologies stock opened at $23.82 on Tuesday. The stock has a 50-day moving average price of $27.62 and a 200 day moving average price of $34.44. Napco Security Technologies has a 52 week low of $23.00 and a 52 week high of $58.09. The stock has a market cap of $867.07 million, a PE ratio of 18.32 and a beta of 1.59.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly 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 firm had revenue of $42.90 million for the quarter, compared to analyst estimates of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. Napco Security Technologies’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 earnings per share. On average, equities analysts predict that Napco Security Technologies will post 1.24 EPS for the current year.

Hedge Funds Weigh In On Napco Security Technologies

A number of hedge funds have recently made changes to their positions in NSSC. Corient Private Wealth LLC increased its holdings in Napco Security Technologies by 102.4% in the 4th quarter. Corient Private Wealth LLC now owns 18,104 shares of the industrial products company’s stock valued at $644,000 after purchasing an additional 768,629 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Napco Security Technologies by 1,221.7% in the fourth quarter. Point72 Asset Management L.P. now owns 638,173 shares of the industrial products company’s stock valued at $22,693,000 after buying an additional 589,888 shares in the last quarter. FMR LLC grew its stake in shares of Napco Security Technologies by 30.8% in the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock valued at $85,075,000 after buying an additional 494,988 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Napco Security Technologies during the 4th quarter valued at about $10,427,000. Finally, JPMorgan Chase & Co. lifted its position in Napco Security Technologies by 318.6% during the 4th quarter. JPMorgan Chase & Co. now owns 283,812 shares of the industrial products company’s stock worth $10,092,000 after acquiring an additional 216,017 shares in the last quarter. 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.