Napco Security Technologies (NASDAQ:NSSC) Stock Rating Lowered by Zacks Investment Research


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Napco Security Technologies (NASDAQ:NSSC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday, Zacks.com reports.

According to Zacks, “NAPCO SECURITY SYSTEMS is engaged in the development, manufacture, distribution and sale of security alarm products and door security devices for commercial and residential installations. “

Several other research firms have also recently weighed in on NSSC. Canaccord Genuity raised their price objective on shares of Napco Security Technologies from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. ValuEngine cut shares of Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. BidaskClub cut shares of Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday. Lake Street Capital started coverage on shares of Napco Security Technologies in a research report on Tuesday, June 11th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Imperial Capital started coverage on shares of Napco Security Technologies in a research report on Friday, June 21st. They issued an “outperform” rating and a $36.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Napco Security Technologies has a consensus rating of “Buy” and a consensus price target of $29.66.

Napco Security Technologies stock opened at $25.76 on Friday. The firm’s fifty day moving average price is $29.99 and its 200-day moving average price is $26.11. The stock has a market cap of $474.07 million, a P/E ratio of 39.03 and a beta of 0.59. Napco Security Technologies has a fifty-two week low of $12.90 and a fifty-two week high of $34.91.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Tuesday, September 3rd. The industrial products company reported $0.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The firm had revenue of $29.58 million for the quarter, compared to analysts’ expectations of $29.47 million. Napco Security Technologies had a net margin of 11.88% and a return on equity of 18.83%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $0.20 EPS. On average, equities research analysts forecast that Napco Security Technologies will post 0.86 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. Morgan Stanley raised its position in Napco Security Technologies by 308.0% in the 2nd quarter. Morgan Stanley now owns 18,753 shares of the industrial products company’s stock worth $557,000 after purchasing an additional 14,157 shares during the period. AQR Capital Management LLC bought a new stake in Napco Security Technologies in the 2nd quarter worth $219,000. Vanguard Group Inc. grew its holdings in Napco Security Technologies by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 569,876 shares of the industrial products company’s stock worth $16,913,000 after acquiring an additional 13,812 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Napco Security Technologies by 255.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 55,258 shares of the industrial products company’s stock worth $1,640,000 after acquiring an additional 39,721 shares during the last quarter. Finally, Bogle Investment Management L P DE bought a new stake in Napco Security Technologies in the 2nd quarter worth $590,000. Institutional investors own 41.15% of the company’s stock.

About Napco Security Technologies

Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.

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