Brokerages Set NAPCO Security Technologies, Inc. (NASDAQ:NSSC) PT at $48.67

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) has earned an average rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $48.6667.

Several equities analysts have recently weighed in on NSSC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of NAPCO Security Technologies in a report on Friday, August 7th. TD Cowen reissued a “buy” rating and set a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Wall Street Zen downgraded shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $52.00 price target on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th.

NAPCO Security Technologies Trading Down 0.7%

NASDAQ:NSSC opened at $37.81 on Friday. NAPCO Security Technologies has a 1 year low of $29.88 and a 1 year high of $48.12. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 36.36 and a beta of 1.45. The stock has a 50-day moving average price of $37.46 and a two-hundred day moving average price of $40.07.

Institutional Investors Weigh In On NAPCO Security Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in NAPCO Security Technologies during the 2nd quarter worth about $213,928,000. Vanguard Group Inc. boosted its position in shares of NAPCO Security Technologies by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 2,882,063 shares of the industrial products company’s stock worth $120,182,000 after buying an additional 31,644 shares during the period. Copeland Capital Management LLC boosted its position in shares of NAPCO Security Technologies by 41.4% during the first quarter. Copeland Capital Management LLC now owns 2,009,089 shares of the industrial products company’s stock worth $79,138,000 after buying an additional 588,297 shares during the period. Jupiter Topco LLC bought a new position in shares of NAPCO Security Technologies during the second quarter worth about $63,855,000. Finally, Janus Henderson Group PLC grew its holdings in shares of NAPCO Security Technologies by 3.0% during the fourth quarter. Janus Henderson Group PLC now owns 1,569,363 shares of the industrial products company’s stock worth $65,457,000 after buying an additional 45,093 shares in the last quarter. 85.07% of the stock is owned by institutional investors.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.