NAPCO Security Technologies (NASDAQ:NSSC) Given Hold (C) Rating at Weiss Ratings

Key Points

• NAPCO Security Technologies' stock has been given a "hold (c)" rating by Weiss Ratings, while other analysts have varied recommendations including "buy" and "strong-buy".
• The company's most recent quarterly earnings surpassed expectations, reporting $0.33 EPS against a consensus estimate of $0.26, alongside a revenue increase to $50.72 million.
• Institutional ownership is strong, with 85.07% of shares held by institutional investors and hedge funds, indicating confidence in the company's future performance.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other equities analysts have also commented on NSSC. Mizuho started coverage on shares of NAPCO Security Technologies in a research report on Thursday, July 10th. They set an "outperform" rating and a $39.00 price target for the company. Lake Street Capital upgraded shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and upped their price target for the stock from $26.00 to $39.00 in a research report on Tuesday, August 26th. Zacks Research raised shares of NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. DA Davidson set a $50.00 price objective on shares of NAPCO Security Technologies and gave the stock a "buy" rating in a report on Wednesday, September 24th. Finally, Wall Street Zen raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $38.50.

NAPCO Security Technologies Price Performance

NAPCO Security Technologies stock opened at $43.91 on Wednesday. The company has a market cap of $1.57 billion, a PE ratio of 36.90 and a beta of 1.52. The company has a fifty day moving average price of $37.55 and a two-hundred day moving average price of $30.37. NAPCO Security Technologies has a 12 month low of $19.00 and a 12 month high of $45.03.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $50.72 million during the quarter, compared to the consensus estimate of $44.26 million. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The company's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 earnings per share. Equities research analysts anticipate that NAPCO Security Technologies will post 1.24 earnings per share for the current year.

Institutional Trading of NAPCO Security Technologies

Several institutional investors and hedge funds have recently bought and sold shares of NSSC. Doma Perpetual Capital Management LLC raised its holdings in NAPCO Security Technologies by 53.4% during the 1st 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. CenterBook Partners LP acquired a new position in shares of NAPCO Security Technologies in the 1st quarter valued at about $8,199,000. Wellington Management Group LLP increased its holdings in shares of NAPCO Security Technologies by 121.4% in the 1st quarter. Wellington Management Group LLP now owns 649,318 shares of the industrial products company's stock valued at $14,947,000 after purchasing an additional 356,094 shares during the period. Copeland Capital Management LLC increased its holdings in shares of NAPCO Security Technologies by 25.1% in the 1st quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock valued at $34,390,000 after purchasing an additional 299,305 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of NAPCO Security Technologies by 62.4% in the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company's stock valued at $17,721,000 after purchasing an additional 295,755 shares during the period. Institutional investors and hedge funds 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.

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