Napco Security Technologies (NASDAQ:NSSC) Receives “Hold” Rating from Lake Street Capital

Lake Street Capital reaffirmed their hold rating on shares of Napco Security Technologies (NASDAQ:NSSC) in a research note released on Monday, Marketbeat.com reports.

NSSC has been the subject of several other research reports. Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Craig Hallum cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a research note on Tuesday, February 4th. Needham & Company LLC cut their target price on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, TD Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $46.00 to $27.00 in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Napco Security Technologies presently has a consensus rating of “Hold” and an average target price of $35.50.

Napco Security Technologies Stock Up 3.7 %

NASDAQ:NSSC opened at $24.65 on Monday. The stock has a market cap of $897.28 million, a price-to-earnings ratio of 18.96 and a beta of 1.51. The company’s 50 day moving average price is $23.07 and its 200-day moving average price is $30.76. Napco Security Technologies has a 52 week low of $19.00 and a 52 week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The business had revenue of $43.96 million for the quarter, compared to analysts’ expectations of $45.11 million. During the same quarter in the prior year, the business earned $0.37 EPS. The business’s revenue for the quarter was down 10.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Napco Security Technologies will post 1.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSSC. Wells Fargo & Company MN lifted its position in shares of Napco Security Technologies by 0.7% in the fourth quarter. Wells Fargo & Company MN now owns 62,007 shares of the industrial products company’s stock worth $2,205,000 after buying an additional 437 shares in the last quarter. Truvestments Capital LLC raised its holdings in shares of Napco Security Technologies by 6.7% during the 4th quarter. Truvestments Capital LLC now owns 7,009 shares of the industrial products company’s stock worth $249,000 after acquiring an additional 443 shares in the last quarter. Invesco Ltd. boosted its position in shares of Napco Security Technologies by 1.4% during the 4th quarter. Invesco Ltd. now owns 35,737 shares of the industrial products company’s stock valued at $1,271,000 after acquiring an additional 477 shares during the last quarter. Huntington National Bank boosted its position in shares of Napco Security Technologies by 31.4% during the 4th quarter. Huntington National Bank now owns 2,335 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 558 shares during the last quarter. Finally, Man Group plc grew its holdings in shares of Napco Security Technologies by 0.7% in the fourth quarter. Man Group plc now owns 78,743 shares of the industrial products company’s stock valued at $2,800,000 after purchasing an additional 571 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

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.