NAPCO Security Technologies (NASDAQ:NSSC) Upgraded at Lake Street Capital

Key Points

• NAPCO Security Technologies has been upgraded to a "buy" rating by Lake Street Capital, with a target price of $39.00, indicating a potential upside of 8.91% from its current stock price.
• The company has reported a quarterly earnings per share (EPS) of $0.33, surpassing expectations, with revenue of $50.72 million, which is notably higher than the consensus estimate of $44.26 million.
• Major investment analysts currently rate NAPCO as a "Moderate Buy," with an average price target of $35.67 based on multiple upgrades and performance analysis.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) was upgraded by equities research analysts at Lake Street Capital from a "hold" rating to a "buy" rating in a research report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a $39.00 target price on the industrial products company's stock, up from their previous target price of $26.00. Lake Street Capital's price objective would indicate a potential upside of 2.50% from the stock's current price.

Several other equities analysts have also recently weighed in on the company. Mizuho assumed coverage on NAPCO Security Technologies in a research note on Thursday, July 10th. They set an "outperform" rating and a $39.00 price objective on the stock. DA Davidson set a $33.00 price objective on shares of NAPCO Security Technologies and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Needham & Company LLC upped their price objective on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Finally, Craig Hallum raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price objective 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 assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, NAPCO Security Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $37.67.

NAPCO Security Technologies Price Performance

Shares of NSSC stock traded down $0.28 on Tuesday, reaching $38.05. 445,259 shares of the company were exchanged, compared to its average volume of 372,596. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 31.97 and a beta of 1.42. The company has a 50-day moving average of $30.97 and a 200-day moving average of $27.09. NAPCO Security Technologies has a one year low of $19.00 and a one year high of $48.75.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings data on Monday, August 25th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The company had revenue of $50.72 million for the quarter, compared to analysts' expectations of $44.26 million. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The business's revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. As a group, sell-side analysts predict that NAPCO Security Technologies will post 1.24 EPS for the current year.

Institutional Trading of NAPCO Security Technologies

Several hedge funds and other institutional investors have recently modified their holdings of NSSC. 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. grew its stake in NAPCO Security Technologies by 49.8% during the second quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 516 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in NAPCO Security Technologies during the fourth quarter valued at 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.