Needham & Company LLC Increases Napco Security Technologies (NASDAQ:NSSC) Price Target to $57.00

Napco Security Technologies (NASDAQ:NSSC) had its price target boosted by analysts at Needham & Company LLC from $52.00 to $57.00 in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm presently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 20.25% from the company’s current price.

A number of other brokerages have also commented on NSSC. Craig Hallum reiterated a “buy” rating and issued a $65.00 price target (up from $50.00) on shares of Napco Security Technologies in a research note on Friday, May 24th. B. Riley lifted their target price on shares of Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Lake Street Capital increased their price target on Napco Security Technologies from $54.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Finally, TD Cowen started coverage on Napco Security Technologies in a report on Tuesday, May 28th. They issued a “buy” rating and a $60.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $55.29.

Napco Security Technologies Trading Up 2.2 %

NSSC stock opened at $47.40 on Tuesday. The stock has a market capitalization of $1.75 billion, a PE ratio of 37.62 and a beta of 1.62. The stock’s 50 day simple moving average is $53.39 and its 200 day simple moving average is $47.37. Napco Security Technologies has a 12-month low of $17.76 and a 12-month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Napco Security Technologies had a return on equity of 30.50% and a net margin of 25.58%. The firm had revenue of $50.33 million for the quarter, compared to the consensus estimate of $50.18 million. During the same period in the prior year, the company posted $0.28 earnings per share. On average, research analysts predict that Napco Security Technologies will post 1.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Stephen M. Spinelli sold 3,000 shares of Napco Security Technologies stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.13, for a total transaction of $156,390.00. Following the transaction, the senior vice president now directly owns 24,928 shares of the company’s stock, valued at approximately $1,299,496.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 11.54% of the company’s stock.

Institutional Investors Weigh In On Napco Security Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSSC. Vanguard Group Inc. raised its position in shares of Napco Security Technologies by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock valued at $102,654,000 after purchasing an additional 102,010 shares during the period. GW&K Investment Management LLC raised its holdings in Napco Security Technologies by 3.6% during the fourth quarter. GW&K Investment Management LLC now owns 1,149,474 shares of the industrial products company’s stock valued at $39,369,000 after acquiring an additional 40,166 shares during the period. Wellington Management Group LLP lifted its position in shares of Napco Security Technologies by 168.9% in the fourth quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock valued at $23,672,000 after acquiring an additional 434,164 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Napco Security Technologies in the second quarter worth about $31,504,000. Finally, Wasatch Advisors LP grew its position in shares of Napco Security Technologies by 13.3% during the fourth quarter. Wasatch Advisors LP now owns 571,416 shares of the industrial products company’s stock worth $19,571,000 after purchasing an additional 67,175 shares in the last quarter. Institutional investors 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.