Needham & Company LLC Issues Pessimistic Forecast for Napco Security Technologies (NASDAQ:NSSC) Stock Price

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) had its target price dropped by investment analysts at Needham & Company LLC from $52.00 to $40.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Needham & Company LLC's price objective would indicate a potential upside of 55.46% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. TD Cowen dropped their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Lake Street Capital dropped their price target on Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. DA Davidson reduced their price objective on Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Craig Hallum dropped their target price on Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a report on Tuesday, December 3rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Napco Security Technologies presently has an average rating of "Hold" and a consensus price target of $38.17.

Napco Security Technologies Stock Performance

NSSC stock traded down $0.86 on Tuesday, hitting $25.73. 848,224 shares of the company's stock were exchanged, compared to its average volume of 652,641. The firm has a 50 day moving average price of $35.67 and a two-hundred day moving average price of $40.79. Napco Security Technologies has a 12-month low of $24.90 and a 12-month high of $58.09. The stock has a market cap of $943.78 million, a P/E ratio of 18.92 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). The company had revenue of $42.90 million for the quarter, compared to analyst estimates of $49.93 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The business's revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. Sell-side analysts expect that Napco Security Technologies will post 1.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Napco Security Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Copeland Capital Management LLC raised its position in shares of Napco Security Technologies by 108.6% in the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company's stock worth $42,003,000 after acquiring an additional 540,436 shares during the period. FMR LLC boosted its position in Napco Security Technologies by 30.8% during the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company's stock worth $85,075,000 after purchasing an additional 494,988 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its position in shares of Napco Security Technologies by 426.5% in the third quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company's stock valued at $9,629,000 after buying an additional 192,790 shares in the last quarter. Congress Asset Management Co. raised its stake in shares of Napco Security Technologies by 94.4% during the 4th quarter. Congress Asset Management Co. now owns 279,670 shares of the industrial products company's stock worth $9,945,000 after buying an additional 135,802 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Napco Security Technologies by 74.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 300,901 shares of the industrial products company's stock valued at $12,174,000 after buying an additional 128,316 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

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.