Napco Security Technologies (NASDAQ:NSSC) Price Target Raised to $50.00 at Needham & Company LLC

Napco Security Technologies (NASDAQ:NSSC) had its price objective boosted by Needham & Company LLC from $39.00 to $50.00 in a report published on Tuesday morning, PriceTargets.com reports. The firm currently has a buy rating on the industrial products company’s stock.

Separately, Zacks Investment Research lowered shares of Napco Security Technologies from a hold rating to a sell rating in a research report on Thursday, September 9th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of $45.80.

Shares of NASDAQ:NSSC opened at $45.01 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.71 and a current ratio of 5.45. The firm has a fifty day moving average price of $36.28 and a 200 day moving average price of $34.97. Napco Security Technologies has a fifty-two week low of $22.28 and a fifty-two week high of $45.32. The firm has a market cap of $825.98 million, a price-to-earnings ratio of 102.30 and a beta of 1.37.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Sunday, September 12th. The industrial products company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. Napco Security Technologies had a net margin of 7.85% and a return on equity of 11.92%. As a group, research analysts predict that Napco Security Technologies will post 0.79 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors Inc. lifted its position in Napco Security Technologies by 9.6% during the second quarter. Wasatch Advisors Inc. now owns 1,066,046 shares of the industrial products company’s stock valued at $38,772,000 after purchasing an additional 92,958 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Napco Security Technologies by 7.1% in the second quarter. Thrivent Financial for Lutherans now owns 985,757 shares of the industrial products company’s stock valued at $35,852,000 after acquiring an additional 65,225 shares during the period. BlackRock Inc. raised its stake in shares of Napco Security Technologies by 11.8% in the first quarter. BlackRock Inc. now owns 954,202 shares of the industrial products company’s stock valued at $33,235,000 after acquiring an additional 100,685 shares during the period. FMR LLC raised its stake in shares of Napco Security Technologies by 5.0% in the second quarter. FMR LLC now owns 787,715 shares of the industrial products company’s stock valued at $28,649,000 after acquiring an additional 37,278 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Napco Security Technologies by 4.4% in the second quarter. Vanguard Group Inc. now owns 773,102 shares of the industrial products company’s stock valued at $28,118,000 after acquiring an additional 32,798 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc engages in the development, manufacture, and distribution of security products. It operates though Domestic and Foreign geographical segments. Its products include access control systems, door security products, intrusion and fire alarm systems, video surveillance products, and cellular communications services.

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