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

Napco Security Technologies (NASDAQ:NSSC) had its price target cut by Lake Street Capital from $60.00 to $41.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Lake Street Capital’s price target suggests a potential upside of 14.17% from the company’s current price.

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

Napco Security Technologies Stock Up 4.1 %

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

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 firm had revenue of $44.00 million during 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%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, sell-side analysts expect that Napco Security Technologies will post 1.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Paul Stephen Beeber sold 708 shares of Napco Security Technologies stock in a transaction dated 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 transaction, the director now directly 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 SEC, which is accessible through this hyperlink. 5.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Napco Security Technologies

A number of large investors have recently bought and sold shares of the business. GSA Capital Partners LLP bought a new position in shares of Napco Security Technologies during the third quarter valued at approximately $863,000. Meritage Portfolio Management boosted its position in 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 purchasing an additional 795 shares during the period. 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 valued at $9,629,000 after purchasing an additional 192,790 shares during the period. Olympiad Research LP grew its stake 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 buying an additional 10,058 shares during the last quarter. Finally, Emerald Advisers LLC increased its position in Napco Security Technologies by 4.0% in the third quarter. Emerald Advisers LLC now owns 508,257 shares of the industrial products company’s stock worth $20,564,000 after buying an additional 19,674 shares during the period. Institutional investors 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.