Zacks Research Upgrades NAPCO Security Technologies (NASDAQ:NSSC) to Strong-Buy

NAPCO Security Technologies (NASDAQ:NSSC) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. DA Davidson raised their price target on NAPCO Security Technologies from $33.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday. Mizuho assumed coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an “outperform” rating and a $39.00 price target for the company. Needham & Company LLC raised their price target on NAPCO Security Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday. Lake Street Capital upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $26.00 to $39.00 in a research report on Tuesday. Finally, Wall Street Zen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NAPCO Security Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $37.67.

NAPCO Security Technologies Stock Performance

NASDAQ:NSSC opened at $38.05 on Thursday. NAPCO Security Technologies has a 1 year low of $19.00 and a 1 year high of $48.75. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 31.97 and a beta of 1.42. The stock has a fifty day moving average price of $30.97 and a two-hundred day moving average price of $27.08.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The business had revenue of $50.72 million during the quarter, compared to analysts’ expectations of $44.26 million. During the same quarter last year, the business posted $0.39 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. On average, analysts predict that NAPCO Security Technologies will post 1.24 EPS for the current year.

Institutional Trading of NAPCO Security Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NSSC. GAMMA Investing LLC grew its holdings in NAPCO Security Technologies by 227.2% in the 1st quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company’s stock valued at $25,000 after buying an additional 768 shares during the period. Quaker Wealth Management LLC grew its holdings in NAPCO Security Technologies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,050 shares of the industrial products company’s stock valued at $31,000 after buying an additional 2,100 shares during the period. Caption Management LLC purchased a new stake in NAPCO Security Technologies in the 4th quarter valued at about $33,000. First Horizon Advisors Inc. grew its holdings in NAPCO Security Technologies by 49.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company’s stock valued at $46,000 after buying an additional 516 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in NAPCO Security Technologies in the 4th quarter valued at about $53,000. Hedge funds and other institutional investors 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.