NAPCO Security Technologies (NASDAQ:NSSC) Raised to Buy at Wall Street Zen

Key Points

• NAPCO Security Technologies has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting increasing confidence from analysts.
• DA Davidson raised its price target for NSSC shares from $33 to $45, with multiple analysts also issuing buy ratings and increasing their target prices.
• The company's recent earnings report showed a revenue of $50.72 million and earnings per share of $0.33, surpassing analyst expectations.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

A number of other research firms have also commented on NSSC. DA Davidson upped their price target on NAPCO Security Technologies from $33.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Mizuho initiated coverage on 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. Needham & Company LLC upped their price target on NAPCO Security Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Lake Street Capital raised NAPCO Security Technologies from a "hold" rating to a "buy" rating and upped their price target for the company from $26.00 to $39.00 in a research report on Tuesday, August 26th. Finally, Craig Hallum raised NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price target for the company in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $37.67.

NAPCO Security Technologies Stock Performance

NSSC stock traded up $0.82 during trading on Friday, hitting $39.31. 177,963 shares of the company traded hands, compared to its average volume of 450,908. The firm has a market capitalization of $1.40 billion, a PE ratio of 33.03 and a beta of 1.51. NAPCO Security Technologies has a 1 year low of $19.00 and a 1 year high of $43.65. The company has a 50-day moving average of $31.39 and a 200-day moving average of $27.27.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share 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 analysts' expectations of $44.26 million. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.NAPCO Security Technologies's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 EPS. Sell-side analysts expect that NAPCO Security Technologies will post 1.24 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSSC. Point72 Asset Management L.P. increased its position in NAPCO Security Technologies by 1,221.7% during 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 buying an additional 589,888 shares in the last quarter. Doma Perpetual Capital Management LLC increased its position 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 valued at $27,064,000 after buying an additional 409,123 shares in the last quarter. CenterBook Partners LP bought a new position in NAPCO Security Technologies during the 1st quarter valued at approximately $8,199,000. Wellington Management Group LLP increased its position in NAPCO Security Technologies by 121.4% during 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 buying an additional 356,094 shares in the last quarter. Finally, Copeland Capital Management LLC increased its position in NAPCO Security Technologies by 25.1% during 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 buying an additional 299,305 shares in the last quarter. 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.