NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• NAPCO Security Technologies has received a consensus recommendation of "Hold" from seven brokerages, with four analysts rating it as a hold and three as a buy.
• The average one-year price target for NAPCO shares among analysts is $30.83, with varying target prices ranging from $26.00 to $39.00.
• In its most recent earnings report, NAPCO reported $0.28 earnings per share, surpassing expectations, but its revenue decreased by 10.8% year-over-year to $43.96 million.

NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) has been assigned a consensus rating of "Hold" from the seven brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $30.8333.

Several analysts have weighed in on NSSC shares. Needham & Company LLC lowered their price objective on NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Mizuho assumed coverage on NAPCO Security Technologies in a report on Thursday, July 10th. They set an "outperform" rating and a $39.00 target price for the company. Lake Street Capital set a $26.00 target price on NAPCO Security Technologies in a report on Monday, May 5th. Finally, DA Davidson set a $33.00 target price on NAPCO Security Technologies and gave the company a "buy" rating in a report on Wednesday, June 25th.

NAPCO Security Technologies Price Performance

Shares of NSSC opened at $30.46 on Wednesday. The firm has a market cap of $1.09 billion, a P/E ratio of 24.97 and a beta of 1.42. The stock has a 50 day simple moving average of $29.51 and a two-hundred day simple moving average of $26.99. NAPCO Security Technologies has a 1 year low of $19.00 and a 1 year high of $58.09.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%. The firm had revenue of $43.96 million during the quarter, compared to the consensus estimate of $45.11 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The business's revenue was down 10.8% on a year-over-year basis. On average, equities analysts anticipate that NAPCO Security Technologies will post 1.24 earnings per share for the current year.

Hedge Funds Weigh In On NAPCO Security Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in NAPCO Security Technologies by 0.7% in the fourth quarter. Wells Fargo & Company MN now owns 62,007 shares of the industrial products company's stock worth $2,205,000 after purchasing an additional 437 shares in the last quarter. Invesco Ltd. raised its holdings in NAPCO Security Technologies by 1.4% in the fourth quarter. Invesco Ltd. now owns 35,737 shares of the industrial products company's stock worth $1,271,000 after purchasing an additional 477 shares in the last quarter. Man Group plc raised its holdings in NAPCO Security Technologies by 0.7% in the fourth quarter. Man Group plc now owns 78,743 shares of the industrial products company's stock worth $2,800,000 after purchasing an additional 571 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NAPCO Security Technologies by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,014 shares of the industrial products company's stock worth $712,000 after purchasing an additional 751 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in NAPCO Security Technologies by 227.2% in the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock worth $25,000 after purchasing an additional 768 shares in the last quarter. Institutional investors 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.

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