Napco Security Technologies (NASDAQ:NSSC) Given Buy Rating at Lake Street Capital

Napco Security Technologies (NASDAQ:NSSC)‘s stock had its “buy” rating restated by investment analysts at Lake Street Capital in a report released on Tuesday, Benzinga reports. They presently have a $60.00 target price on the industrial products company’s stock. Lake Street Capital’s price target points to a potential upside of 48.18% from the company’s previous close.

A number of other research analysts have also issued reports on NSSC. Craig Hallum reissued a “buy” rating and set a $65.00 target price (up from $50.00) on shares of Napco Security Technologies in a research note on Friday, May 24th. DA Davidson boosted their price target on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. TD Cowen assumed coverage on shares of Napco Security Technologies in a research report on Tuesday, May 28th. They issued a “buy” rating and a $60.00 target price for the company. Finally, Needham & Company LLC upped their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Napco Security Technologies has an average rating of “Moderate Buy” and an average price target of $55.29.

Napco Security Technologies Stock Performance

NASDAQ NSSC traded up $1.07 during mid-day trading on Tuesday, reaching $40.49. 306,306 shares of the stock were exchanged, compared to its average volume of 449,164. Napco Security Technologies has a 1-year low of $17.76 and a 1-year high of $58.09. The business’s fifty day simple moving average is $50.14 and its 200 day simple moving average is $46.95. The stock has a market capitalization of $1.49 billion, a PE ratio of 32.13 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. The business had revenue of $50.33 million for the quarter, compared to analyst estimates of $50.18 million. During the same quarter in the previous year, the business posted $0.28 EPS. On average, analysts anticipate that Napco Security Technologies will post 1.85 EPS for the current year.

Insider Activity

In related news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was 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 of the company’s stock, valued at $99,518.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 11.54% of the stock is currently owned by company insiders.

Institutional Trading of Napco Security Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in Napco Security Technologies by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 235,900 shares of the industrial products company’s stock valued at $8,080,000 after acquiring an additional 5,723 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Napco Security Technologies in the fourth quarter worth about $794,000. Principal Financial Group Inc. raised its holdings in Napco Security Technologies by 31.5% in the fourth quarter. Principal Financial Group Inc. now owns 18,996 shares of the industrial products company’s stock worth $651,000 after buying an additional 4,547 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Napco Security Technologies by 332.9% in the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock worth $25,000 after buying an additional 566 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Napco Security Technologies by 24.4% during the fourth quarter. UBS Group AG now owns 194,393 shares of the industrial products company’s stock valued at $6,658,000 after purchasing an additional 38,117 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

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.