NAPCO Security Technologies (NASDAQ:NSSC) Upgraded by Craig Hallum to "Buy" Rating

Key Points

• Craig Hallum upgraded NAPCO Security Technologies from a "hold" to a "buy" rating, with a target price of $40, indicating a potential 18.91% upside from its current stock price.
• The company reported earnings of $0.33 per share for the last quarter, exceeding the consensus estimate of $0.26, with revenues of $50.72 million, well above expectations.
• NAPCO Security Technologies has received a consensus rating of "Moderate Buy" from analysts, with multiple firms setting target prices between $26.00 and $40.00.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) was upgraded by Craig Hallum from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday,Finviz reports. The brokerage currently has a $40.00 price target on the industrial products company's stock. Craig Hallum's price objective would suggest a potential upside of 18.91% from the stock's current price.

Several other equities analysts also recently issued reports on NSSC. Mizuho began coverage on shares of NAPCO Security Technologies in a research note on Thursday, July 10th. They set an "outperform" rating and a $39.00 price target for the company. Lake Street Capital set a $26.00 price objective on shares of NAPCO Security Technologies in a research report on Monday, May 5th. Needham & Company LLC lifted their target price on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, DA Davidson set a $33.00 target price on shares of NAPCO Security Technologies and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $33.50.

NAPCO Security Technologies Trading Up 6.1%

Shares of NAPCO Security Technologies stock opened at $33.64 on Tuesday. The company has a 50 day moving average of $30.19 and a 200-day moving average of $26.75. NAPCO Security Technologies has a 1-year low of $19.00 and a 1-year high of $54.61. The company has a market cap of $1.20 billion, a PE ratio of 27.57 and a beta of 1.42.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings data on Monday, August 25th. The industrial products company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The business 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 25.00% and a return on equity of 26.14%. The firm's revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. Research analysts forecast that NAPCO Security Technologies will post 1.24 earnings per share for the current year.

Institutional Trading of NAPCO Security Technologies

Several hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of 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 valued at $25,000 after purchasing an additional 768 shares during the period. Quaker Wealth Management LLC raised its position in shares of NAPCO Security Technologies by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 1,050 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 2,100 shares during the period. Caption Management LLC bought a new stake in shares of NAPCO Security Technologies in the fourth quarter valued at approximately $33,000. First Horizon Advisors Inc. raised its position in shares of NAPCO Security Technologies by 49.8% in the second quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 516 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in NAPCO Security Technologies during the 4th quarter worth approximately $53,000. Institutional investors 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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