Needham & Company LLC Raises Napco Security Technologies (NASDAQ:NSSC) Price Target to $34.00

Napco Security Technologies (NASDAQ:NSSC) had its price target hoisted by analysts at Needham & Company LLC from $32.00 to $34.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s price target indicates a potential upside of 22.83% from the stock’s current price.

NSSC has been the subject of several other research reports. Lake Street Capital reduced their price objective on shares of Napco Security Technologies from $30.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, August 30th. Craig Hallum dropped their price objective on Napco Security Technologies from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, August 30th. StockNews.com began coverage on Napco Security Technologies in a report on Thursday, October 5th. They issued a “hold” rating for the company. B. Riley dropped their price target on Napco Security Technologies from $24.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, October 26th. Finally, William Blair cut Napco Security Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, August 21st. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.75.

Napco Security Technologies Price Performance

NASDAQ:NSSC opened at $27.68 on Friday. Napco Security Technologies has a 12 month low of $17.76 and a 12 month high of $41.25. The firm has a market capitalization of $1.02 billion, a PE ratio of 25.63 and a beta of 1.21. The business’s fifty day moving average price is $22.22 and its 200 day moving average price is $29.92.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. The business had revenue of $41.68 million during the quarter, compared to analysts’ expectations of $41.93 million. Napco Security Technologies had a return on equity of 29.80% and a net margin of 23.42%. During the same period in the prior year, the firm posted $0.17 EPS. As a group, equities analysts anticipate that Napco Security Technologies will post 1.12 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. Townsquare Capital LLC boosted its position in Napco Security Technologies by 76.1% during the third quarter. Townsquare Capital LLC now owns 46,011 shares of the industrial products company’s stock worth $1,024,000 after acquiring an additional 19,881 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Napco Security Technologies by 34.3% in the third quarter. The Manufacturers Life Insurance Company now owns 16,663 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 4,255 shares during the period. GSA Capital Partners LLP increased its stake in Napco Security Technologies by 284.2% in the third quarter. GSA Capital Partners LLP now owns 108,295 shares of the industrial products company’s stock valued at $2,410,000 after purchasing an additional 80,107 shares during the last quarter. Kennedy Capital Management LLC grew its holdings in Napco Security Technologies by 26.3% in the 3rd quarter. Kennedy Capital Management LLC now owns 462,841 shares of the industrial products company’s stock valued at $10,298,000 after buying an additional 96,312 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Napco Security Technologies by 7.4% during the 3rd quarter. Legal & General Group Plc now owns 32,875 shares of the industrial products company’s stock valued at $731,000 after acquiring an additional 2,270 shares during the last quarter. 87.65% of the stock is currently owned by hedge funds and other institutional investors.

Napco Security Technologies Company Profile

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.