Napco Security Technologies (NASDAQ:NSSC) had its price target lifted by Canaccord Genuity from $32.00 to $33.00 in a research note released on Wednesday, September 4th, BenzingaRatingsTable reports. Canaccord Genuity currently has a buy rating on the industrial products company’s stock.
A number of other brokerages have also weighed in on NSSC. Lake Street Capital initiated coverage on shares of Napco Security Technologies in a research report on Tuesday, June 11th. They set a buy rating and a $35.00 target price for the company. BidaskClub raised shares of Napco Security Technologies from a buy rating to a strong-buy rating in a research note on Tuesday, July 30th. ValuEngine cut shares of Napco Security Technologies from a strong-buy rating to a buy rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of Napco Security Technologies from a buy rating to a hold rating in a report on Saturday, August 10th. Finally, Imperial Capital started coverage on shares of Napco Security Technologies in a report on Friday, June 21st. They set an outperform rating and a $36.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $29.66.
NSSC opened at $26.06 on Wednesday. The firm has a 50 day moving average price of $29.93 and a 200-day moving average price of $26.22. The stock has a market capitalization of $481.46 million, a price-to-earnings ratio of 39.48 and a beta of 0.59. Napco Security Technologies has a twelve month low of $12.90 and a twelve month high of $34.91.
Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Tuesday, September 3rd. The industrial products company reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. The business had revenue of $29.58 million during the quarter, compared to analyst estimates of $29.47 million. Napco Security Technologies had a net margin of 11.88% and a return on equity of 18.83%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 earnings per share. On average, equities analysts predict that Napco Security Technologies will post 0.86 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in shares of Napco Security Technologies by 94.9% during the 4th quarter. Bank of America Corp DE now owns 7,422 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 3,614 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Napco Security Technologies by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 969,107 shares of the industrial products company’s stock valued at $15,263,000 after acquiring an additional 2,955 shares during the period. Strs Ohio acquired a new stake in Napco Security Technologies in the 1st quarter valued at $190,000. BNP Paribas Arbitrage SA boosted its stake in Napco Security Technologies by 62,175.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,491 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 2,487 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in Napco Security Technologies by 104.2% during the 1st quarter. Wedge Capital Management L L P NC now owns 59,218 shares of the industrial products company’s stock worth $1,228,000 after purchasing an additional 30,217 shares during the last quarter. 43.34% of the stock is owned by institutional investors.
Napco Security Technologies Company Profile
Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.
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