Napco Security Technologies (NASDAQ:NSSC) Price Target Increased to $40.00 by Analysts at Canaccord Genuity Group

Napco Security Technologies (NASDAQ:NSSCGet Rating) had its target price boosted by Canaccord Genuity Group from $36.00 to $40.00 in a research report sent to investors on Thursday morning, The Fly reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Several other analysts also recently issued reports on the stock. TheStreet raised shares of Napco Security Technologies from a c+ rating to a b- rating in a research report on Monday, June 27th. B. Riley raised shares of Napco Security Technologies from a neutral rating to a buy rating and increased their price objective for the company from $24.00 to $28.00 in a research report on Monday, July 11th. Lake Street Capital increased their price objective on shares of Napco Security Technologies from $23.00 to $32.00 and gave the company a buy rating in a research report on Tuesday, August 30th. Canaccord Genuity Group increased their price objective on shares of Napco Security Technologies from $28.00 to $36.00 and gave the company a buy rating in a research report on Tuesday, August 30th. Finally, Needham & Company LLC increased their price objective on shares of Napco Security Technologies from $30.00 to $33.00 and gave the company a buy rating in a research report on Tuesday, August 30th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $33.00.

Napco Security Technologies Stock Performance

NSSC opened at $30.38 on Thursday. The firm has a 50 day moving average price of $27.26 and a 200 day moving average price of $22.23. The company has a market cap of $1.12 billion, a PE ratio of 58.42 and a beta of 1.29. Napco Security Technologies has a 1 year low of $15.39 and a 1 year high of $31.30.

Napco Security Technologies (NASDAQ:NSSCGet Rating) last posted its earnings results on Monday, August 29th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. Napco Security Technologies had a net margin of 13.38% and a return on equity of 15.19%. During the same quarter in the prior year, the firm posted $0.14 earnings per share. On average, sell-side analysts predict that Napco Security Technologies will post 0.71 earnings per share for the current year.

Hedge Funds Weigh In On Napco Security Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Heritage Investors Management Corp boosted its stake in shares of Napco Security Technologies by 2.0% during the 2nd quarter. Heritage Investors Management Corp now owns 31,020 shares of the industrial products company’s stock valued at $639,000 after buying an additional 600 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Napco Security Technologies by 100.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,628 shares of the industrial products company’s stock valued at $35,000 after buying an additional 814 shares during the last quarter. Isthmus Partners LLC lifted its stake in Napco Security Technologies by 0.8% during the second quarter. Isthmus Partners LLC now owns 109,501 shares of the industrial products company’s stock worth $2,255,000 after purchasing an additional 890 shares during the last quarter. Capital Impact Advisors LLC lifted its stake in Napco Security Technologies by 2.3% during the second quarter. Capital Impact Advisors LLC now owns 44,860 shares of the industrial products company’s stock worth $924,000 after purchasing an additional 996 shares during the last quarter. Finally, Orion Capital Management LLC lifted its stake in Napco Security Technologies by 100.0% during the first quarter. Orion Capital Management LLC now owns 2,000 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 1,000 shares during the last quarter. 67.49% of the stock is currently owned by hedge funds and other institutional investors.

Napco Security Technologies Company Profile

(Get Rating)

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.

Further Reading

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Analyst Recommendations for Napco Security Technologies (NASDAQ:NSSC)

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