NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate NAPCO Security Technologies “Moderate Buy”: Six of eight analysts recommend buying the stock, while two advise holding it. The average 12-month price target is $48.67, implying upside from the reported $38.32 price.
• Recent coverage was generally positive, with TD Cowen raising its target to $53 and DA Davidson setting a $52 target, although Wall Street Zen downgraded the stock to “hold.”
• Institutional ownership remains high at 85.07%. NAPCO shares have a $1.37 billion market capitalization and currently trade below their 52-week high of $48.12.

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) have earned an average rating of "Moderate Buy" from the eight ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $48.6667.

NSSC has been the topic of several recent research reports. TD Cowen restated a "buy" rating and set a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of NAPCO Security Technologies in a research note on Friday, August 7th. Wall Street Zen lowered NAPCO Security Technologies from a "buy" rating to a "hold" rating in a report on Saturday, July 4th. Finally, DA Davidson reissued a "buy" rating and issued a $52.00 price objective on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th.

NAPCO Security Technologies Trading Up 0.2%

NSSC stock opened at $38.32 on Friday. The firm has a market cap of $1.37 billion, a PE ratio of 36.85 and a beta of 1.45. NAPCO Security Technologies has a 1 year low of $29.88 and a 1 year high of $48.12. The company has a fifty day simple moving average of $37.34 and a 200 day simple moving average of $40.07.

Hedge Funds Weigh In On NAPCO Security Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its stake in shares of NAPCO Security Technologies by 193.3% in the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company's stock worth $25,000 after buying an additional 377 shares during the last quarter. KBC Group NV acquired a new position in NAPCO Security Technologies in the 1st quarter valued at $26,000. Advisory Services Network LLC acquired a new position in NAPCO Security Technologies in the 3rd quarter valued at $41,000. Blue Trust Inc. bought a new position in NAPCO Security Technologies in the 1st quarter worth $44,000. Finally, Kemnay Advisory Services Inc. bought a new position in NAPCO Security Technologies in the 4th quarter worth $107,000. Institutional investors and hedge funds own 85.07% of the company's stock.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc NASDAQ: NSSC is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company's product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO's offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.

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