TD Cowen Has Lowered Expectations for Napco Security Technologies (NASDAQ:NSSC) Stock Price

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

Several other research analysts also recently weighed in on the stock. Craig Hallum reduced 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 research report on Tuesday. Lake Street Capital reissued a “buy” rating and set a $60.00 target price on shares of Napco Security Technologies in a report on Tuesday, September 17th. Needham & Company LLC lifted their price target on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Finally, DA Davidson increased their price objective on Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.86.

Napco Security Technologies Price Performance

NASDAQ NSSC traded up $1.29 during trading hours on Tuesday, reaching $35.80. The company’s stock had a trading volume of 357,352 shares, compared to its average volume of 456,389. Napco Security Technologies has a 1-year low of $21.31 and a 1-year high of $58.09. The company’s 50-day moving average is $40.07 and its two-hundred day moving average is $46.85. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 26.54 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly 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 company had revenue of $44.00 million during the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. Napco Security Technologies’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS. Equities analysts forecast that Napco Security Technologies will post 1.85 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 transaction of $26,280.96. Following the sale, the director now owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.24% of the stock is owned by company insiders.

Institutional Trading of Napco Security Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of NSSC. Vaughan Nelson Investment Management L.P. acquired a new position in Napco Security Technologies during the second quarter worth $31,504,000. Copeland Capital Management LLC lifted its stake in Napco Security Technologies by 108.6% during the 3rd quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock worth $42,003,000 after acquiring an additional 540,436 shares in the last quarter. F M Investments LLC purchased a new position in Napco Security Technologies during the 2nd quarter valued at about $15,109,000. Emerald Advisers LLC grew its position in Napco Security Technologies by 118.3% in the 2nd quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company’s stock valued at $25,382,000 after acquiring an additional 264,789 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its stake in Napco Security Technologies by 170.8% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 399,936 shares of the industrial products company’s stock worth $20,777,000 after purchasing an additional 252,252 shares during the period. 85.07% of the stock is owned by institutional investors and hedge funds.

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.