Napco Security Technologies (NASDAQ:NSSC) Coverage Initiated by Analysts at Imperial Capital

Imperial Capital started coverage on shares of Napco Security Technologies (NASDAQ:NSSC) in a report released on Friday morning, BenzingaRatingsTable reports. The firm issued an outperform rating and a $36.00 target price on the industrial products company’s stock.

A number of other analysts also recently issued reports on the stock. BidaskClub upgraded shares of Napco Security Technologies from a buy rating to a strong-buy rating in a report on Tuesday, June 11th. Lake Street Capital assumed coverage on shares of Napco Security Technologies in a report on Tuesday, June 11th. They issued a buy rating and a $35.00 price target on the stock. Zacks Investment Research upgraded shares of Napco Security Technologies from a hold rating to a buy rating and set a $31.00 price target on the stock in a report on Thursday, May 9th. Finally, Canaccord Genuity reiterated a buy rating and issued a $32.00 price target (up from $24.00) on shares of Napco Security Technologies in a report on Tuesday, May 7th. Seven equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and an average price target of $29.86.

Shares of NASDAQ NSSC opened at $30.02 on Friday. The company has a market cap of $535.92 million, a P/E ratio of 73.22 and a beta of 0.62. The company has a fifty day moving average of $28.62. Napco Security Technologies has a 52-week low of $12.90 and a 52-week high of $34.91.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. The company had revenue of $25.10 million for the quarter, compared to the consensus estimate of $23.54 million. Napco Security Technologies had a net margin of 11.12% and a return on equity of 17.34%. Napco Security Technologies’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS. As a group, analysts forecast that Napco Security Technologies will post 0.64 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA increased its holdings in Napco Security Technologies by 62,175.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,491 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 2,487 shares during the last quarter. Metropolitan Life Insurance Co NY purchased a new position in shares of Napco Security Technologies in the 1st quarter worth $84,000. Nkcfo LLC purchased a new position in shares of Napco Security Technologies in the 1st quarter worth $104,000. MetLife Investment Advisors LLC purchased a new position in shares of Napco Security Technologies in the 1st quarter worth $117,000. Finally, Bank of America Corp DE grew its stake in shares of Napco Security Technologies by 94.9% in the 4th quarter. Bank of America Corp DE now owns 7,422 shares of the industrial products company’s stock worth $117,000 after buying an additional 3,614 shares in the last quarter. Institutional investors own 39.15% 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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