Napco Security Technologies (NASDAQ:NSSC) Price Target Cut to $48.00 by Analysts at Craig Hallum

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) had its target price dropped by equities researchers at Craig Hallum from $65.00 to $48.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Craig Hallum's price objective would suggest a potential upside of 33.67% from the stock's current price.

NSSC has been the subject of several other reports. Needham & Company LLC upped their target price on Napco Security Technologies from $52.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, August 27th. DA Davidson increased their price objective on Napco Security Technologies from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, August 27th. Finally, Lake Street Capital reissued a "buy" rating and issued a $60.00 price objective on shares of Napco Security Technologies in a report on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $47.14.

Napco Security Technologies Trading Up 4.1 %

Shares of NASDAQ NSSC traded up $1.40 during trading hours on Tuesday, hitting $35.91. 762,717 shares of the company traded hands, compared to its average volume of 458,283. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 26.80 and a beta of 1.64. The company's 50 day moving average price is $40.07 and its 200 day moving average price is $46.85. Napco Security Technologies has a 12 month low of $21.31 and a 12 month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). The business had revenue of $44.00 million during the quarter, compared to the consensus estimate of $46.56 million. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. The business's revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. Equities analysts anticipate that Napco Security Technologies will post 1.85 EPS for the current year.

Insider Buying and Selling at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the transaction, the director now owns 2,681 shares in the company, valued at $99,518.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Napco Security Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new stake in Napco Security Technologies during the third quarter worth $863,000. Meritage Portfolio Management lifted its position in Napco Security Technologies by 11.5% during the 3rd quarter. Meritage Portfolio Management now owns 7,694 shares of the industrial products company's stock worth $311,000 after acquiring an additional 795 shares during the period. Kornitzer Capital Management Inc. KS raised its stake in shares of Napco Security Technologies by 426.5% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company's stock worth $9,629,000 after buying an additional 192,790 shares in the last quarter. Olympiad Research LP increased its stake in Napco Security Technologies by 118.6% in the 3rd quarter. Olympiad Research LP now owns 18,542 shares of the industrial products company's stock valued at $750,000 after purchasing an additional 10,058 shares in the last quarter. Finally, Emerald Advisers LLC increased its stake in Napco Security Technologies by 4.0% in the 3rd quarter. Emerald Advisers LLC now owns 508,257 shares of the industrial products company's stock valued at $20,564,000 after purchasing an additional 19,674 shares in the last quarter. 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.