Napco Security Technologies (NASDAQ:NSSC) Lowered to "Hold" Rating by Craig Hallum

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) was downgraded by Craig Hallum from a "buy" rating to a "hold" rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a $28.00 price target on the industrial products company's stock. Craig Hallum's price objective suggests a potential upside of 8.82% from the stock's current price.

Several other brokerages have also recently weighed in on NSSC. Lake Street Capital decreased their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. TD Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and lowered their price target for the company from $46.00 to $27.00 in a research note on Tuesday. DA Davidson reduced their price objective on shares of 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. Needham & Company LLC lowered their target price on Napco Security Technologies from $52.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, StockNews.com upgraded Napco Security Technologies from a "sell" rating to a "hold" rating in a report on Tuesday, December 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Napco Security Technologies presently has a consensus rating of "Hold" and a consensus price target of $38.17.

Napco Security Technologies Stock Down 3.2 %

NSSC traded down $0.86 during trading on Tuesday, hitting $25.73. The company had a trading volume of 848,224 shares, compared to its average volume of 652,641. The company has a market capitalization of $943.78 million, a PE ratio of 18.92 and a beta of 1.64. Napco Security Technologies has a one year low of $24.90 and a one year high of $58.09. The firm's 50-day moving average price is $35.67 and its 200 day moving average price is $40.79.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.06). The firm had revenue of $42.90 million during the quarter, compared to the consensus estimate 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 for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. Sell-side analysts forecast that Napco Security Technologies will post 1.55 earnings per share for the current year.

Hedge Funds Weigh In On Napco Security Technologies

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its stake in shares of Napco Security Technologies by 72,300.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company's stock worth $29,000 after acquiring an additional 723 shares during the period. KBC Group NV boosted its position in Napco Security Technologies by 61.4% during the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company's stock worth $45,000 after purchasing an additional 424 shares during the period. First Horizon Advisors Inc. boosted its position in Napco Security Technologies by 109.7% during the third quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company's stock worth $45,000 after purchasing an additional 579 shares during the period. Huntington National Bank increased its holdings in shares of Napco Security Technologies by 54.7% in the third quarter. Huntington National Bank now owns 1,777 shares of the industrial products company's stock valued at $72,000 after purchasing an additional 628 shares during the last quarter. Finally, Arcadia Investment Management Corp MI bought a new position in shares of Napco Security Technologies in the fourth quarter valued at about $86,000. Institutional investors and hedge funds 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.