Needham & Company LLC Reiterates Buy Rating for Napco Security Technologies (NASDAQ:NSSC)

Napco Security Technologies (NASDAQ:NSSC)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $52.00 price objective on the industrial products company’s stock. Needham & Company LLC’s price target would indicate a potential upside of 48.74% from the company’s previous close.

Several other analysts also recently issued reports on the company. DA Davidson lowered their price target on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. TD Cowen decreased their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Craig Hallum decreased their price objective 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, November 5th. Finally, Lake Street Capital decreased their price objective on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Napco Security Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $46.43.

Napco Security Technologies Trading Up 0.4 %

Shares of NASDAQ NSSC opened at $34.96 on Thursday. Napco Security Technologies has a 12-month low of $31.77 and a 12-month high of $58.09. The company has a market cap of $1.28 billion, a P/E ratio of 25.71 and a beta of 1.65. The stock has a fifty day moving average price of $36.94 and a 200 day moving average price of $42.83.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.05). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The company had revenue of $44.00 million during the quarter, compared to analyst estimates of $46.56 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Napco Security Technologies will post 1.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Napco Security Technologies

Several institutional investors and hedge funds have recently bought and sold shares of NSSC. Commonwealth Equity Services LLC raised its stake in Napco Security Technologies by 143.9% during the second quarter. Commonwealth Equity Services LLC now owns 13,683 shares of the industrial products company’s stock worth $711,000 after acquiring an additional 8,072 shares during the period. Rhumbline Advisers raised its stake in Napco Security Technologies by 11.0% during the second quarter. Rhumbline Advisers now owns 51,743 shares of the industrial products company’s stock worth $2,688,000 after acquiring an additional 5,111 shares during the period. American Century Companies Inc. raised its stake in Napco Security Technologies by 32.9% during the second quarter. American Century Companies Inc. now owns 74,243 shares of the industrial products company’s stock worth $3,857,000 after acquiring an additional 18,364 shares during the period. Envestnet Asset Management Inc. raised its stake in Napco Security Technologies by 35.6% during the second quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company’s stock worth $20,019,000 after acquiring an additional 101,182 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Napco Security Technologies by 17.4% during the second quarter. Renaissance Technologies LLC now owns 244,400 shares of the industrial products company’s stock worth $12,697,000 after acquiring an additional 36,200 shares during the period. 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.