NAPCO Security Technologies’ (NSSC) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of NAPCO Security Technologies (NASDAQ:NSSC) in a research note released on Friday, Marketbeat Ratings reports. They currently have a $49.00 price target on the industrial products company’s stock.

A number of other brokerages have also recently commented on NSSC. Wall Street Zen cut NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings restated a “hold (c)” rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. DA Davidson reaffirmed a “buy” rating and issued a $52.00 target price on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $48.67.

NAPCO Security Technologies Price Performance

Shares of NAPCO Security Technologies stock opened at $38.09 on Friday. The company’s 50 day moving average price is $37.55 and its two-hundred day moving average price is $40.05. The firm has a market capitalization of $1.36 billion, a P/E ratio of 36.62 and a beta of 1.45. NAPCO Security Technologies has a fifty-two week low of $30.40 and a fifty-two week high of $48.12.

Hedge Funds Weigh In On NAPCO Security Technologies

Large investors have recently modified their holdings of the business. IFP Advisors Inc grew its stake in shares of NAPCO Security Technologies by 193.3% in the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 377 shares during the last quarter. KBC Group NV bought a new position in NAPCO Security Technologies during the 1st quarter worth $26,000. Advisory Services Network LLC bought a new position in NAPCO Security Technologies during the 3rd quarter worth $41,000. Blue Trust Inc. acquired a new position in NAPCO Security Technologies during the 1st quarter worth about $44,000. Finally, Acadian Asset Management LLC acquired a new position in NAPCO Security Technologies during the 1st quarter worth about $91,000. Institutional investors own 85.07% of the company’s stock.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.