Craig Hallum Issues Pessimistic Forecast for Napco Security Technologies (NASDAQ:NSSC) Stock Price

Napco Security Technologies (NASDAQ:NSSC) had its price objective decreased by research analysts at Craig Hallum from $65.00 to $48.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Craig Hallum’s price target points to a potential upside of 38.73% from the company’s previous close.

NSSC has been the topic of a number of other reports. Needham & Company LLC lifted their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Lake Street Capital restated a “buy” rating and issued a $60.00 target price on shares of Napco Security Technologies in a research note on Tuesday, September 17th. Finally, DA Davidson increased their target price on shares of Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Napco Security Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.86.

Napco Security Technologies Price Performance

Shares of NSSC stock opened at $34.60 on Tuesday. Napco Security Technologies has a one year low of $21.31 and a one year high of $58.09. The stock has a fifty day moving average price of $40.07 and a 200 day moving average price of $46.85. The stock has a market cap of $1.27 billion, a P/E ratio of 25.82 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The business had revenue of $44.00 million for the quarter, compared to the consensus estimate of $46.56 million. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. Napco Security Technologies’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. Equities research analysts anticipate that Napco Security Technologies will post 1.85 EPS for the current year.

Insiders Place Their Bets

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction dated 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 directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.24% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Sei Investments Co. acquired a new stake in Napco Security Technologies during the 1st quarter worth approximately $682,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Napco Security Technologies during the first quarter worth $2,610,000. SG Americas Securities LLC lifted its position in Napco Security Technologies by 250.8% in the 2nd quarter. SG Americas Securities LLC now owns 22,714 shares of the industrial products company’s stock valued at $1,180,000 after acquiring an additional 16,239 shares in the last quarter. Norden Group LLC acquired a new position in Napco Security Technologies in the 1st quarter worth $565,000. Finally, Natixis Advisors LLC bought a new position in Napco Security Technologies during the 2nd quarter worth about $6,141,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

About Napco Security Technologies

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.