ValuEngine Lowers Napco Security Technologies (NASDAQ:NSSC) to Buy

ValuEngine cut shares of Napco Security Technologies (NASDAQ:NSSC) from a strong-buy rating to a buy rating in a report released on Thursday morning, ValuEngine reports.

NSSC has been the topic of several other research reports. Lake Street Capital started coverage on shares of Napco Security Technologies in a research report on Tuesday, June 11th. They set a buy rating and a $35.00 price objective on the stock. Canaccord Genuity reiterated a buy rating and issued a $32.00 target price (up previously from $24.00) on shares of Napco Security Technologies in a research report on Tuesday, May 7th. BidaskClub upgraded shares of Napco Security Technologies from a buy rating to a strong-buy rating in a research report on Tuesday, July 30th. Imperial Capital initiated coverage on shares of Napco Security Technologies in a research report on Friday, June 21st. They issued an outperform rating and a $36.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Napco Security Technologies from a hold rating to a buy rating and set a $31.00 target price on the stock in a research report on Thursday, May 9th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $29.86.

Shares of Napco Security Technologies stock traded down $0.07 on Thursday, hitting $28.55. 12,729 shares of the company traded hands, compared to its average volume of 168,821. The company’s 50-day simple moving average is $27.74. The company has a market capitalization of $528.90 million, a P/E ratio of 68.83 and a beta of 0.64. Napco Security Technologies has a 12-month low of $12.90 and a 12-month high of $34.91.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The firm had revenue of $25.10 million for the quarter, compared to analysts’ expectations of $23.54 million. Napco Security Technologies had a net margin of 11.12% and a return on equity of 17.34%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. On average, equities research analysts anticipate that Napco Security Technologies will post 0.66 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Denali Advisors LLC grew its holdings in Napco Security Technologies by 581.5% in the 2nd quarter. Denali Advisors LLC now owns 1,070 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 913 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Napco Security Technologies by 62,175.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,491 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 2,487 shares in the last quarter. Advantage Investment Management LLC boosted its stake in shares of Napco Security Technologies by 24.9% during the 2nd quarter. Advantage Investment Management LLC now owns 2,845 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 568 shares in the last quarter. Metropolitan Life Insurance Co NY bought a new stake in shares of Napco Security Technologies during the 1st quarter valued at about $84,000. Finally, Advisor Group Inc. boosted its stake in shares of Napco Security Technologies by 427.8% during the 2nd quarter. Advisor Group Inc. now owns 3,167 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 2,567 shares in the last quarter. 39.82% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.

Featured Story: How a Put Option Works

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Napco Security Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Napco Security Technologies and related companies with MarketBeat.com's FREE daily email newsletter.