NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Receives $48.67 Average Target Price from Analysts

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) has earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $48.6667.

Several research analysts recently weighed in on NSSC shares. DA Davidson reaffirmed a “buy” rating and set a $52.00 target price on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Weiss Ratings reissued a “hold (c)” rating on shares of NAPCO Security Technologies in a research note on Friday, August 7th. Wall Street Zen downgraded NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, TD Cowen reiterated a “buy” rating and set a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th.

NAPCO Security Technologies Price Performance

NAPCO Security Technologies stock opened at $37.77 on Friday. NAPCO Security Technologies has a 12 month low of $30.03 and a 12 month high of $48.12. The company has a fifty day moving average price of $37.54 and a two-hundred day moving average price of $40.07. The company has a market cap of $1.35 billion, a PE ratio of 36.32 and a beta of 1.45.

Hedge Funds Weigh In On NAPCO Security Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in NAPCO Security Technologies in the 2nd quarter valued at $213,928,000. Vanguard Group Inc. grew its holdings in NAPCO Security Technologies by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 2,882,063 shares of the industrial products company’s stock worth $120,182,000 after acquiring an additional 31,644 shares during the period. Copeland Capital Management LLC grew its stake in shares of NAPCO Security Technologies by 41.4% during the first quarter. Copeland Capital Management LLC now owns 2,009,089 shares of the industrial products company’s stock worth $79,138,000 after purchasing an additional 588,297 shares during the period. Jupiter Topco LLC acquired a new position in shares of NAPCO Security Technologies during the 2nd quarter worth about $63,855,000. Finally, Janus Henderson Group PLC increased its stake in NAPCO Security Technologies by 3.0% in the fourth quarter. Janus Henderson Group PLC now owns 1,569,363 shares of the industrial products company’s stock valued at $65,457,000 after purchasing an additional 45,093 shares in the last quarter. 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.