NAPCO Security Technologies (NASDAQ:NSSC) Rating Lowered to Hold at Wall Street Zen

NAPCO Security Technologies (NASDAQ:NSSC) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other research analysts have also recently issued research reports about the stock. DA Davidson restated a “buy” rating and issued a $52.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. TD Cowen reiterated a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Finally, Weiss Ratings cut NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.67.

NAPCO Security Technologies Stock Performance

Shares of NASDAQ NSSC opened at $37.79 on Friday. NAPCO Security Technologies has a 1-year low of $29.22 and a 1-year high of $48.12. The company has a market cap of $1.35 billion, a PE ratio of 36.34 and a beta of 1.44. The company has a 50-day moving average of $38.33 and a two-hundred day moving average of $40.83.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. NAPCO Security Technologies had a net margin of 18.70% and a return on equity of 28.93%. The business had revenue of $49.17 million for the quarter, compared to analysts’ expectations of $49.26 million. During the same period in the prior year, the firm earned $0.28 earnings per share. NAPCO Security Technologies’s revenue was up 11.8% compared to the same quarter last year. As a group, equities research analysts forecast that NAPCO Security Technologies will post 1.48 earnings per share for the current year.

Institutional Investors Weigh In On NAPCO Security Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in NAPCO Security Technologies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 2,882,063 shares of the industrial products company’s stock valued at $120,182,000 after buying an additional 31,644 shares during the period. Copeland Capital Management LLC grew its holdings in NAPCO Security Technologies by 41.4% during the 1st quarter. Copeland Capital Management LLC now owns 2,009,089 shares of the industrial products company’s stock worth $79,138,000 after acquiring an additional 588,297 shares during the period. Fundsmith LLP raised its position in shares of NAPCO Security Technologies by 86.4% during the 3rd quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company’s stock valued at $76,445,000 after acquiring an additional 824,945 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of NAPCO Security Technologies by 3.0% during the 4th quarter. Janus Henderson Group PLC now owns 1,569,363 shares of the industrial products company’s stock valued at $65,457,000 after acquiring an additional 45,093 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of NAPCO Security Technologies by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,028,863 shares of the industrial products company’s stock valued at $42,910,000 after purchasing an additional 4,324 shares during the period. 85.07% of the stock is owned by institutional investors.

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.