Lake Street Capital Has Lowered Expectations for Napco Security Technologies (NASDAQ:NSSC) Stock Price

Napco Security Technologies (NASDAQ:NSSC) had its target price dropped by research analysts at Lake Street Capital from $60.00 to $41.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Lake Street Capital’s target price suggests a potential upside of 8.24% from the stock’s current price.

NSSC has been the subject of a number of other research reports. Craig Hallum lowered their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday. DA Davidson lifted their target price on Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. TD Cowen dropped their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Needham & Company LLC raised their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.14.

Napco Security Technologies Price Performance

NASDAQ:NSSC opened at $37.88 on Tuesday. The company’s 50-day moving average is $39.67 and its two-hundred day moving average is $46.76. Napco Security Technologies has a 1-year low of $22.73 and a 1-year high of $58.09. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 27.85 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). Napco Security Technologies had a return on equity of 30.01% and a net margin of 26.43%. The business had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $46.56 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that Napco Security Technologies will post 1.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the transaction, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 5.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sei Investments Co. purchased a new stake in Napco Security Technologies during the 1st quarter valued at approximately $682,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Napco Security Technologies in the 1st quarter valued at $2,610,000. SG Americas Securities LLC raised its position in Napco Security Technologies by 250.8% during the 2nd quarter. SG Americas Securities LLC now owns 22,714 shares of the industrial products company’s stock worth $1,180,000 after buying an additional 16,239 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Napco Security Technologies in the 1st quarter worth $565,000. Finally, Natixis Advisors LLC purchased a new stake in shares of Napco Security Technologies in the second quarter valued at about $6,141,000. 85.07% of the stock is owned by hedge funds and other 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.