NAPCO Security Technologies (NASDAQ:NSSC) Given New $36.00 Price Target at Needham & Company LLC

Key Points

• Needham & Company LLC has raised its target price for NAPCO Security Technologies (NSSC) from $32.00 to $36.00, indicating a potential upside of 7.02% from the stock's previous close.
• The stock currently has a consensus rating of "Hold" with a target price of $31.50, while three analysts have rated it as "Buy."
• In its recent quarterly earnings report, NAPCO reported earnings of $0.33 per share, exceeding expectations, and its revenue was up 0.8% year-over-year, amounting to $50.72 million.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) had its price target upped by stock analysts at Needham & Company LLC from $32.00 to $36.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the industrial products company's stock. Needham & Company LLC's target price points to a potential downside of 5.39% from the stock's previous close.

NSSC has been the subject of several other research reports. Lake Street Capital set a $26.00 price target on shares of NAPCO Security Technologies in a report on Monday, May 5th. Mizuho initiated coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 target price on the stock. Finally, DA Davidson set a $33.00 price target on shares of NAPCO Security Technologies and gave the stock a "buy" rating in a report on Wednesday, June 25th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $37.67.

NAPCO Security Technologies Stock Down 0.7%

Shares of NASDAQ NSSC traded down $0.28 during midday trading on Tuesday, hitting $38.05. The stock had a trading volume of 445,259 shares, compared to its average volume of 451,354. The business's 50 day moving average is $30.97 and its 200-day moving average is $27.08. NAPCO Security Technologies has a 52 week low of $19.00 and a 52 week high of $48.75. The company has a market cap of $1.36 billion, a P/E ratio of 31.97 and a beta of 1.42.

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

Institutional Investors Weigh In On NAPCO Security Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of NAPCO Security Technologies by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,901,671 shares of the industrial products company's stock worth $66,796,000 after purchasing an additional 52,020 shares during the last quarter. Copeland Capital Management LLC raised its holdings in shares of NAPCO Security Technologies by 6.1% in the second quarter. Copeland Capital Management LLC now owns 1,585,684 shares of the industrial products company's stock valued at $47,079,000 after buying an additional 91,756 shares during the last quarter. Doma Perpetual Capital Management LLC increased its stake in shares of NAPCO Security Technologies by 53.4% during the first quarter. Doma Perpetual Capital Management LLC now owns 1,175,655 shares of the industrial products company's stock worth $27,064,000 after acquiring an additional 409,123 shares during the period. Geode Capital Management LLC increased its stake in shares of NAPCO Security Technologies by 1.4% during the second quarter. Geode Capital Management LLC now owns 1,031,547 shares of the industrial products company's stock worth $30,630,000 after acquiring an additional 14,501 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of NAPCO Security Technologies by 15.1% in the fourth quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company's stock valued at $33,403,000 after purchasing an additional 123,091 shares during the period. Institutional investors and hedge funds 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.