NAPCO Security Technologies (NASDAQ:NSSC) Rating Lowered to Hold at Zacks Research

NAPCO Security Technologies (NASDAQ:NSSC) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

NSSC has been the subject of a number of other reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a report on Friday, October 31st. Lake Street Capital restated a “buy” rating and set a $50.00 target price (up previously from $39.00) on shares of NAPCO Security Technologies in a report on Friday, October 10th. DA Davidson set a $50.00 price target on NAPCO Security Technologies and gave the stock a “buy” rating in a research report on Wednesday, September 24th. TD Cowen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating and boosted their target price for the stock from $43.00 to $50.00 in a research report on Tuesday. Finally, Wall Street Zen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.50.

NAPCO Security Technologies Stock Performance

NASDAQ:NSSC traded down $0.67 during trading hours on Thursday, reaching $42.14. The company’s stock had a trading volume of 443,181 shares, compared to its average volume of 434,240. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 35.41 and a beta of 1.54. The firm has a 50-day simple moving average of $42.45 and a 200-day simple moving average of $33.67. NAPCO Security Technologies has a 1 year low of $19.00 and a 1 year high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, November 3rd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $49.17 million for the quarter, compared to analyst estimates of $46.81 million. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.NAPCO Security Technologies’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. Equities analysts anticipate that NAPCO Security Technologies will post 1.24 earnings per share for the current fiscal year.

Institutional Trading of NAPCO Security Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new stake in shares of NAPCO Security Technologies in the 3rd quarter worth approximately $25,000. Exchange Traded Concepts LLC purchased a new position in shares of NAPCO Security Technologies in the 3rd quarter valued at approximately $26,000. State of Wyoming purchased a new stake in shares of NAPCO Security Technologies during the third quarter valued at $41,000. Quaker Wealth Management LLC increased its holdings in shares of NAPCO Security Technologies by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 1,050 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 2,100 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of NAPCO Security Technologies by 227.2% in the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 768 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.