Napco Security Technologies (NASDAQ:NSSC) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Napco Security Technologies (NASDAQ:NSSC) from a buy rating to a hold rating in a research note published 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. “

A number of other analysts have also recently issued reports on the company. ValuEngine cut Napco Security Technologies from a strong-buy rating to a buy rating in a report on Thursday, August 1st. Imperial Capital began coverage on shares of Napco Security Technologies in a report on Friday, June 21st. They issued an outperform rating and a $36.00 price target on the stock. Canaccord Genuity increased their price target on shares of Napco Security Technologies from $32.00 to $33.00 and gave the stock a buy rating in a report on Wednesday, September 4th. BidaskClub lowered shares of Napco Security Technologies from a strong-buy rating to a buy rating in a research report on Friday, September 6th. Finally, Lake Street Capital began coverage on shares of Napco Security Technologies in a research note on Tuesday, June 11th. They set a buy rating and a $35.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $29.66.



NASDAQ:NSSC opened at $25.09 on Friday. The company has a market cap of $463.66 million, a P/E ratio of 38.02 and a beta of 0.58. The stock’s fifty day moving average price is $29.93 and its two-hundred day moving average price is $26.20. Napco Security Technologies has a 1 year low of $12.90 and a 1 year high of $34.91.

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

A number of institutional investors have recently bought and sold shares of NSSC. Dimensional Fund Advisors LP increased its position in shares of Napco Security Technologies by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 969,107 shares of the industrial products company’s stock worth $15,263,000 after purchasing an additional 2,955 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Napco Security Technologies by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 569,876 shares of the industrial products company’s stock valued at $16,913,000 after buying an additional 13,812 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Napco Security Technologies by 41.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 232,981 shares of the industrial products company’s stock worth $6,914,000 after acquiring an additional 68,541 shares during the last quarter. GW&K Investment Management LLC bought a new stake in shares of Napco Security Technologies during the 2nd quarter worth $5,758,000. Finally, Northern Trust Corp grew its position in Napco Security Technologies by 3.2% in the second quarter. Northern Trust Corp now owns 147,974 shares of the industrial products company’s stock worth $4,392,000 after acquiring an additional 4,634 shares in the last quarter. Institutional investors and hedge funds own 43.34% of the company’s stock.

Napco Security Technologies Company Profile

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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