NAPCO Security Technologies (NASDAQ:NSSC) Stock Price Expected to Rise, DA Davidson Analyst Says

Key Points

• DA Davidson has raised the price target for NAPCO Security Technologies (NASDAQ:NSSC) from $33.00 to $45.00, suggesting a potential upside of 22.42% from its previous close.
• Other analysts have also given positive ratings, with five analysts rating the stock as a "Buy" and a consensus target price of $37.67.
• Shares of NAPCO Security Technologies recently saw a 9.3% increase in trading, reaching $36.76, following a positive quarterly earnings report that beat analyst expectations.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) had its price target lifted by DA Davidson from $33.00 to $45.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the industrial products company's stock. DA Davidson's price target points to a potential upside of 22.42% from the stock's previous close.

Several other analysts have also issued reports on NSSC. Needham & Company LLC upped their price objective on NAPCO Security Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Tuesday. Mizuho started coverage on NAPCO Security Technologies in a research note on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price objective on the stock. Craig Hallum upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a research note on Tuesday. Finally, Lake Street Capital raised NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $39.00 price target on the stock in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, NAPCO Security Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $37.67.

NAPCO Security Technologies Trading Up 9.3%

Shares of NAPCO Security Technologies stock traded up $3.12 during trading on Tuesday, reaching $36.76. The stock had a trading volume of 175,077 shares, compared to its average volume of 444,438. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 29.99 and a beta of 1.42. The stock has a fifty day moving average price of $30.19 and a two-hundred day moving average price of $26.75. NAPCO Security Technologies has a 52 week low of $19.00 and a 52 week high of $48.75.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. The company had revenue of $50.72 million for the quarter, compared to analyst estimates of $44.26 million. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%.The company's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share. On average, equities analysts forecast that NAPCO Security Technologies will post 1.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NSSC. Point72 Asset Management L.P. lifted its stake in shares of NAPCO Security Technologies by 1,221.7% in the 4th quarter. Point72 Asset Management L.P. now owns 638,173 shares of the industrial products company's stock valued at $22,693,000 after acquiring an additional 589,888 shares during the last quarter. Doma Perpetual Capital Management LLC lifted its stake in shares of NAPCO Security Technologies by 53.4% in the 1st quarter. Doma Perpetual Capital Management LLC now owns 1,175,655 shares of the industrial products company's stock valued at $27,064,000 after acquiring an additional 409,123 shares during the last quarter. CenterBook Partners LP bought a new position in shares of NAPCO Security Technologies in the 1st quarter valued at $8,199,000. Wellington Management Group LLP lifted its stake 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 acquiring an additional 356,094 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its stake 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 acquiring an additional 299,305 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

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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