DA Davidson Lowers Napco Security Technologies (NASDAQ:NSSC) Price Target to $48.00

Napco Security Technologies (NASDAQ:NSSC) had its price target lowered by stock analysts at DA Davidson from $55.00 to $48.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. DA Davidson’s target price would suggest a potential upside of 33.67% from the stock’s current price.

Several other equities analysts have also recently issued reports on NSSC. Lake Street Capital dropped their price objective on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday. Craig Hallum dropped their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday. TD Cowen cut their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Needham & Company LLC lifted their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Napco Security Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $47.14.

Napco Security Technologies Price Performance

Shares of Napco Security Technologies stock traded up $1.40 during trading hours on Tuesday, hitting $35.91. The company had a trading volume of 762,717 shares, compared to its average volume of 458,283. The company’s 50-day moving average is $40.07 and its two-hundred day moving average is $46.85. The company has a market cap of $1.32 billion, a P/E ratio of 26.80 and a beta of 1.64. 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 announced 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 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%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. Sell-side analysts expect that Napco Security Technologies will post 1.85 EPS for the current year.

Insider Buying and Selling

In other news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction that occurred on 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 owns 2,681 shares of the company’s stock, valued at $99,518.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its stake in shares of 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 valued at $27,000 after acquiring an additional 470 shares in the last quarter. Whittier Trust Co. acquired a new stake in Napco Security Technologies during the 1st quarter valued at approximately $28,000. Farther Finance Advisors LLC increased its holdings in 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 worth $29,000 after purchasing an additional 723 shares during the last quarter. Quarry LP raised its position in shares of 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 purchasing an additional 312 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Napco Security Technologies during the 1st quarter valued at approximately $46,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

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.