Napco Security Technologies (NASDAQ:NSSC) Price Target Cut to $32.00 by Analysts at Needham & Company LLC

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) had its price target dropped by analysts at Needham & Company LLC from $37.00 to $32.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Needham & Company LLC's target price points to a potential upside of 21.35% from the company's previous close.

A number of other analysts have also recently issued reports on the stock. Cowen cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Craig Hallum cut Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price target on the stock. in a report on Tuesday, February 4th. Lake Street Capital reaffirmed a "hold" rating on shares of Napco Security Technologies in a research note on Monday. Finally, TD Cowen downgraded Napco Security Technologies from a "buy" rating to a "hold" rating and decreased their target price for the company from $46.00 to $27.00 in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Napco Security Technologies currently has a consensus rating of "Hold" and a consensus target price of $32.20.

Napco Security Technologies Stock Performance

Shares of NASDAQ NSSC traded up $0.17 during midday trading on Tuesday, hitting $26.37. 459,597 shares of the company's stock traded hands, compared to its average volume of 507,475. Napco Security Technologies has a 1 year low of $19.00 and a 1 year high of $58.09. The stock has a market capitalization of $959.89 million, a price-to-earnings ratio of 20.28 and a beta of 1.41. The firm has a fifty day moving average of $23.19 and a 200 day moving average of $30.48.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $43.96 million for the quarter, compared to the consensus estimate of $45.11 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The business's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share. On average, equities analysts anticipate that Napco Security Technologies will post 1.24 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its position in Napco Security Technologies by 0.7% during the fourth quarter. Wells Fargo & Company MN now owns 62,007 shares of the industrial products company's stock valued at $2,205,000 after acquiring an additional 437 shares during the last quarter. Truvestments Capital LLC grew its holdings in Napco Security Technologies by 6.7% during the 4th quarter. Truvestments Capital LLC now owns 7,009 shares of the industrial products company's stock valued at $249,000 after purchasing an additional 443 shares during the last quarter. Invesco Ltd. grew its holdings in Napco Security Technologies by 1.4% during the 4th quarter. Invesco Ltd. now owns 35,737 shares of the industrial products company's stock valued at $1,271,000 after purchasing an additional 477 shares during the last quarter. Huntington National Bank raised its position in Napco Security Technologies by 31.4% in the 4th quarter. Huntington National Bank now owns 2,335 shares of the industrial products company's stock worth $83,000 after purchasing an additional 558 shares during the period. Finally, Man Group plc lifted its stake in Napco Security Technologies by 0.7% in the fourth quarter. Man Group plc now owns 78,743 shares of the industrial products company's stock worth $2,800,000 after purchasing an additional 571 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.