NAPCO Security Technologies (NASDAQ:NSSC) Raised to “Buy” at TD Cowen

NAPCO Security Technologies (NASDAQ:NSSC) was upgraded by stock analysts at TD Cowen from a “hold” rating to a “buy” rating in a research report issued on Tuesday,Finviz reports. The brokerage presently has a $50.00 price target on the industrial products company’s stock. TD Cowen’s price target indicates a potential upside of 22.67% from the company’s current price.

Several other equities research analysts have also commented on NSSC. DA Davidson set a $50.00 price target on shares of NAPCO Security Technologies and gave the stock a “buy” rating in a report on Wednesday, September 24th. Zacks Research raised shares of NAPCO Security Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 28th. Needham & Company LLC upped their price objective on NAPCO Security Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Craig Hallum raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, August 26th. Finally, Wall Street Zen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $45.67.

NAPCO Security Technologies Stock Down 7.7%

Shares of NSSC opened at $40.76 on Tuesday. NAPCO Security Technologies has a 52 week low of $19.00 and a 52 week high of $48.12. The stock’s 50-day moving average price is $42.08 and its 200-day moving average price is $33.25. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 34.25 and a beta of 1.52.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, November 3rd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $49.17 million during the quarter, compared to analysts’ expectations of $46.81 million. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. As a group, equities analysts anticipate that NAPCO Security Technologies will post 1.24 EPS for the current fiscal year.

Hedge Funds Weigh In On NAPCO Security Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AlphaQuest LLC increased its position in NAPCO Security Technologies by 16.3% in the 3rd quarter. AlphaQuest LLC now owns 22,298 shares of the industrial products company’s stock valued at $958,000 after acquiring an additional 3,120 shares during the period. Strs Ohio acquired a new stake in shares of NAPCO Security Technologies during the third quarter worth $408,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in NAPCO Security Technologies in the 3rd quarter valued at $249,000. Vest Financial LLC purchased a new position in NAPCO Security Technologies in the 3rd quarter valued at $1,612,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in NAPCO Security Technologies by 5.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,113 shares of the industrial products company’s stock valued at $522,000 after buying an additional 670 shares during the period. Hedge funds and other institutional investors 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.