Mizuho Initiates Coverage on NAPCO Security Technologies (NASDAQ:NSSC)

Stock analysts at Mizuho initiated coverage on shares of NAPCO Security Technologies (NASDAQ:NSSC) in a research note issued on Thursday, Marketbeat reports. The firm set an “outperform” rating and a $39.00 price target on the industrial products company’s stock. Mizuho’s target price suggests a potential upside of 26.38% from the company’s current price.

A number of other brokerages also recently weighed in on NSSC. Needham & Company LLC lowered their price objective on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. DA Davidson set a $33.00 price target on NAPCO Security Technologies and gave the stock a “buy” rating in a report on Wednesday, June 25th. Finally, Lake Street Capital set a $26.00 price objective on NAPCO Security Technologies in a research note on Monday, May 5th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, NAPCO Security Technologies currently has an average rating of “Hold” and an average target price of $30.83.

NAPCO Security Technologies Stock Down 2.5%

Shares of NAPCO Security Technologies stock opened at $30.86 on Thursday. The business has a 50-day moving average price of $28.38 and a 200 day moving average price of $27.58. NAPCO Security Technologies has a fifty-two week low of $19.00 and a fifty-two week high of $58.09. The firm has a market cap of $1.10 billion, a P/E ratio of 25.30 and a beta of 1.43.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%. The business had revenue of $43.96 million during the quarter, compared to the consensus estimate of $45.11 million. During the same period in the previous year, the business earned $0.37 EPS. The business’s quarterly revenue was down 10.8% on a year-over-year basis. As a group, equities research analysts anticipate that NAPCO Security Technologies will post 1.24 earnings per share for the current year.

Hedge Funds Weigh In On NAPCO Security Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of NAPCO Security Technologies by 35.4% in the first quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company’s stock valued at $87,000 after buying an additional 1,002 shares during the period. GAMMA Investing LLC boosted its position in shares of NAPCO Security Technologies by 7,432.5% during the 1st quarter. GAMMA Investing LLC now owns 25,460 shares of the industrial products company’s stock valued at $586,000 after purchasing an additional 25,122 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of NAPCO Security Technologies by 22.9% during the 1st quarter. Bessemer Group Inc. now owns 13,009 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 2,423 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of NAPCO Security Technologies by 12.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,027 shares of the industrial products company’s stock worth $677,000 after purchasing an additional 2,115 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of NAPCO Security Technologies by 6.4% in the 4th quarter. Teacher Retirement System of Texas now owns 44,370 shares of the industrial products company’s stock worth $1,578,000 after purchasing an additional 2,670 shares in the last quarter. 85.07% of the stock is owned by 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.