Napco Security Technologies (NASDAQ:NSSC) Price Target Raised to $33.00 – Tech Know Bits


Napco Security Technologies (NASDAQ:NSSC) had its price objective increased by Canaccord Genuity from $32.00 to $33.00 in a research report report published on Wednesday, September 4th, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the industrial products company’s stock.

A number of other analysts have also recently issued reports on NSSC. ValuEngine cut Napco Security Technologies from a strong-buy rating to a buy rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Napco Security Technologies from a buy rating to a hold rating in a research report on Saturday, August 10th. Imperial Capital started coverage on shares of Napco Security Technologies in a research report on Friday, June 21st. They set an outperform rating and a $36.00 price objective for the company. Lake Street Capital started coverage on shares of Napco Security Technologies in a research report on Tuesday, June 11th. They set a buy rating and a $35.00 price objective for the company. Finally, BidaskClub upgraded shares of Napco Security Technologies from a buy rating to a strong-buy rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $29.66.

NASDAQ NSSC opened at $28.80 on Wednesday. The company has a market capitalization of $503.52 million, a P/E ratio of 41.29 and a beta of 0.59. The business has a 50 day moving average price of $29.90 and a 200 day moving average price of $26.49. Napco Security Technologies has a 1-year low of $12.93 and a 1-year high of $34.91.

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Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Tuesday, September 3rd. The industrial products company reported $0.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The company had revenue of $29.58 million for the quarter, compared to the consensus estimate of $29.47 million. Napco Security Technologies had a return on equity of 18.39% and a net margin of 11.88%. Napco Security Technologies’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 EPS. Equities research analysts anticipate that Napco Security Technologies will post 0.86 earnings per share for the current year.

A number of large investors have recently modified their holdings of NSSC. Denali Advisors LLC boosted its holdings in Napco Security Technologies by 581.5% in the second quarter. Denali Advisors LLC now owns 1,070 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 913 shares in the last quarter. Bank of Montreal Can boosted its stake in Napco Security Technologies by 249.5% in the 2nd quarter. Bank of Montreal Can now owns 1,552 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 1,108 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Napco Security Technologies by 62,175.0% in 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 period. Advantage Investment Management LLC boosted its stake in Napco Security Technologies by 24.9% in the 2nd quarter. Advantage Investment Management LLC now owns 2,845 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 568 shares during the period. Finally, Advisor Group Inc. boosted its stake in Napco Security Technologies by 427.8% in the 2nd quarter. Advisor Group Inc. now owns 3,167 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 2,567 shares during the period. Hedge funds and other institutional investors own 43.30% of the company’s stock.

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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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