Napco Security Technologies (NASDAQ:NSSC) Lowered to Sell Rating by StockNews.com

Napco Security Technologies (NASDAQ:NSSC) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Several other equities analysts have also recently weighed in on NSSC. Needham & Company LLC lifted 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. Craig Hallum dropped their price objective 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. TD Cowen reduced their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday. DA Davidson reduced their price target on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Lake Street Capital reduced their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.14.

Napco Security Technologies Trading Up 4.1 %

NASDAQ:NSSC traded up $1.40 during mid-day trading on Tuesday, reaching $35.91. 762,717 shares of the stock were exchanged, compared to its average volume of 458,283. The business has a fifty day moving average price of $39.86 and a 200 day moving average price of $46.82. The firm has a market capitalization of $1.32 billion, a PE ratio of 26.80 and a beta of 1.64. Napco Security Technologies has a 1-year low of $21.31 and a 1-year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last released 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 return on equity of 30.51% and a net margin of 26.38%. Napco Security Technologies’s revenue 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. On average, sell-side analysts forecast that Napco Security Technologies will post 1.85 earnings per share for the current year.

Insider Buying and Selling at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the transaction, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.24% of the company’s stock.

Institutional Trading of Napco Security Technologies

Large investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its position in Napco Security Technologies by 810.3% during the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 470 shares during the period. Quarry LP increased its holdings in Napco Security Technologies by 91.2% in the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after buying an additional 312 shares during the period. Whittier Trust Co. bought a new position in Napco Security Technologies in the 1st quarter valued at about $28,000. Farther Finance Advisors LLC grew its holdings in shares of Napco Security Technologies by 72,300.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 723 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Napco Security Technologies during the 1st quarter worth approximately $46,000. Institutional investors and hedge funds 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.