Analysts Set NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Price Target at $30.83

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 given an average rating of "Hold" by the seven research firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $30.8333.

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

NAPCO Security Technologies Stock Performance

NSSC traded up $0.33 during trading on Wednesday, reaching $29.90. 217,987 shares of the company traded hands, compared to its average volume of 250,658. NAPCO Security Technologies has a 12-month low of $19.00 and a 12-month high of $58.09. The firm has a fifty day simple moving average of $29.61 and a 200 day simple moving average of $26.93. The company has a market cap of $1.07 billion, a P/E ratio of 24.51 and a beta of 1.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in NAPCO Security Technologies by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,901,671 shares of the industrial products company's stock worth $66,796,000 after buying an additional 52,020 shares during the period. Copeland Capital Management LLC boosted its stake in NAPCO Security Technologies by 6.1% during the second quarter. Copeland Capital Management LLC now owns 1,585,684 shares of the industrial products company's stock worth $47,079,000 after buying an additional 91,756 shares during the period. Doma Perpetual Capital Management LLC boosted its stake in NAPCO Security Technologies by 53.4% during the first quarter. Doma Perpetual Capital Management LLC now owns 1,175,655 shares of the industrial products company's stock worth $27,064,000 after buying an additional 409,123 shares during the period. Geode Capital Management LLC boosted its stake in NAPCO Security Technologies by 1.4% during the second quarter. Geode Capital Management LLC now owns 1,031,547 shares of the industrial products company's stock worth $30,630,000 after buying an additional 14,501 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in NAPCO Security Technologies by 15.1% during the fourth quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company's stock worth $33,403,000 after buying an additional 123,091 shares during the period. 85.07% of the stock is owned by hedge funds and other institutional investors.

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.