Lake Street Capital 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 Lake Street Capital from $30.00 to $28.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Lake Street Capital’s price objective would indicate a potential upside of 17.65% from the stock’s previous close.

A number of other brokerages have also recently issued reports on NSSC. Craig Hallum cut Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a report on Tuesday, February 4th. Needham & Company LLC cut their price target on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday. TD Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $46.00 to $27.00 in a research note on Tuesday, February 4th. Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $35.50.

Napco Security Technologies Trading Down 3.3 %

NASDAQ:NSSC traded down $0.82 during mid-day trading on Tuesday, hitting $23.80. The company’s stock had a trading volume of 116,102 shares, compared to its average volume of 457,741. The company has a market capitalization of $866.31 million, a price-to-earnings ratio of 18.32 and a beta of 1.59. Napco Security Technologies has a fifty-two week low of $23.00 and a fifty-two week high of $58.09. The stock has a fifty day moving average of $28.02 and a 200-day moving average of $34.59.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.06). The company had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 earnings per share. On average, equities analysts anticipate that Napco Security Technologies will post 1.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans acquired a new stake in shares of Napco Security Technologies in the 3rd quarter valued at $2,644,000. Quest Partners LLC increased its position in Napco Security Technologies by 234.6% in the third quarter. Quest Partners LLC now owns 6,786 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 4,758 shares during the period. Intech Investment Management LLC acquired a new stake in Napco Security Technologies in the third quarter worth about $634,000. Charles Schwab Investment Management Inc. raised its holdings in Napco Security Technologies by 30.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 359,103 shares of the industrial products company’s stock worth $14,529,000 after purchasing an additional 83,871 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Napco Security Technologies during the 3rd quarter valued at about $356,000. 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 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.