Bk Technologies (NYSEAMERICAN:BKTI) Stock Gets Price Target Cut from Lake Street Capital

Key Points

• Lake Street Capital cut its price target on BK Technologies from $97 to $87 but maintained a “buy” rating; the revised target implies 40.75% upside from the prior close.
• Shares fell 7.6% Friday to $61.81, near the stock’s 52-week low of $60.
• BK Technologies beat quarterly estimates, reporting $1.16 in EPS versus $0.93 expected and $25.29 million in revenue versus $23.50 million expected. The company set FY 2026 EPS guidance at $3.15.

Bk Technologies (NYSEAMERICAN:BKTI - Get Free Report) had its price target reduced by equities research analysts at Lake Street Capital from $97.00 to $87.00 in a research report issued on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. Lake Street Capital's price objective indicates a potential upside of 40.75% from the company's previous close.

Bk Technologies Stock Down 7.6%

NYSEAMERICAN BKTI traded down $5.07 on Friday, hitting $61.81. The company's stock had a trading volume of 95,584 shares, compared to its average volume of 47,379. Bk Technologies has a 1-year low of $60.00 and a 1-year high of $104.55. The company's 50-day moving average is $71.12 and its 200 day moving average is $79.70. The firm has a market cap of $233.03 million, a PE ratio of 18.18 and a beta of 0.60.

Bk Technologies (NYSEAMERICAN:BKTI - Get Free Report) last issued its quarterly earnings results on Thursday, November 12th. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.23. Bk Technologies had a net margin of 15.00% and a return on equity of 34.22%. The company had revenue of $25.29 million for the quarter, compared to analyst estimates of $23.50 million. Bk Technologies has set its FY 2026 guidance at 3.150-3.150 EPS.

Hedge Funds Weigh In On Bk Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in BKTI. Bank of New York Mellon Corp lifted its stake in Bk Technologies by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 11,241 shares of the company's stock valued at $839,000 after buying an additional 217 shares during the period. Vise Technologies Inc. grew its position in shares of Bk Technologies by 13.1% during the 3rd quarter. Vise Technologies Inc. now owns 3,161 shares of the company's stock worth $235,000 after buying an additional 367 shares during the period. North Star Investment Management Corp. increased its stake in shares of Bk Technologies by 5.0% in the 3rd quarter. North Star Investment Management Corp. now owns 14,700 shares of the company's stock valued at $1,095,000 after acquiring an additional 700 shares in the last quarter. State of Wyoming increased its stake in shares of Bk Technologies by 288.0% in the 1st quarter. State of Wyoming now owns 1,773 shares of the company's stock valued at $132,000 after acquiring an additional 1,316 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Bk Technologies by 97.0% during the 2nd quarter. IFP Advisors Inc now owns 3,126 shares of the company's stock valued at $269,000 after acquiring an additional 1,539 shares during the period. 55.05% of the stock is owned by institutional investors and hedge funds.

Bk Technologies Company Profile

BK Technologies Corporation designs and manufactures wireless communications equipment for public safety and government users. Its products include portable and mobile two-way radios and related accessories, marketed under the BK Radio and BKR brands. The company's land mobile radio products serve law enforcement, fire and emergency response organizations, and federal, state and local government agencies. Its offerings include radios that support Project 25 (P25) digital communications. Headquartered in West Melbourne, Florida, BK Technologies serves customers in the United States and select international markets.

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