NAPCO Security Technologies (NASDAQ:NSSC) Stock Gets Price Target Cut from Lake Street Capital

NAPCO Security Technologies (NASDAQ:NSSC) had its target price lowered by stock analysts at Lake Street Capital from $50.00 to $46.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Lake Street Capital‘s price objective would suggest a potential upside of 45.69% from the stock’s current price.

Other analysts also recently issued reports about the company. Benchmark reaffirmed a “buy” rating on shares of NAPCO Security Technologies in a research report on Tuesday, August 25th. DA Davidson set a $52.00 price objective on NAPCO Security Technologies in a research report on Tuesday, August 25th. TD Cowen reduced their price objective on NAPCO Security Technologies from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday. Weiss Ratings raised NAPCO Security Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, Needham & Company LLC lowered their target price on NAPCO Security Technologies from $49.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, NAPCO Security Technologies has an average rating of “Moderate Buy” and a consensus target price of $46.50.

NAPCO Security Technologies Stock Down 1.6%

NSSC stock traded down $0.53 during trading on Tuesday, reaching $31.57. The stock had a trading volume of 588,530 shares, compared to its average volume of 474,139. NAPCO Security Technologies has a one year low of $31.00 and a one year high of $51.77. The company’s 50 day moving average is $36.39 and its two-hundred day moving average is $39.07. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 26.22 and a beta of 1.49.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, November 2nd. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. The firm had revenue of $49.98 million during the quarter, compared to analysts’ expectations of $52.05 million. During the same quarter last year, the business posted $0.34 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, research analysts predict that NAPCO Security Technologies will post 1.68 earnings per share for the current fiscal year.

Insider Activity at NAPCO Security Technologies

In related news, Director Donna Soloway sold 20,962 shares of NAPCO Security Technologies stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $34.62, for a total value of $725,704.44. Following the sale, the director owned 20,962 shares of the company’s stock, valued at approximately $725,704.44. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard Soloway sold 379,529 shares of NAPCO Security Technologies stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the completion of the sale, the chairman directly owned 621,958 shares in the company, valued at $21,457,551. This trade represents a 37.90% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 523,962 shares of company stock valued at $18,257,168. 5.65% of the stock is currently owned by company insiders.

Institutional Trading of NAPCO Security Technologies

A number of large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of NAPCO Security Technologies during the 2nd quarter valued at $213,928,000. Jupiter Topco LLC bought a new position in shares of NAPCO Security Technologies during the 2nd quarter worth $63,855,000. Copeland Capital Management LLC grew its stake in shares of 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. Bank of New York Mellon Corp purchased a new stake in NAPCO Security Technologies in the 2nd quarter worth about $11,812,000. Finally, Bessemer Group Inc. increased its holdings in NAPCO Security Technologies by 1,888.1% in the 1st quarter. Bessemer Group Inc. now owns 292,867 shares of the industrial products company’s stock worth $11,537,000 after acquiring an additional 278,136 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting NAPCO Security Technologies

Here are the key news stories impacting NAPCO Security Technologies this week:

• Positive Sentiment: Recurring service revenue increased 11.5%, with service margins above 90%; the recurring-revenue run rate reached about $106 million. That higher-margin growth helped offset softer equipment sales. Napco Recurring Revenue Growth Offsets Softer Equipment Sales in Fiscal Q1
• Positive Sentiment: NAPCO declared a quarterly dividend of $0.17 per share, equivalent to $0.68 annually and a stated yield of 2.1%.
• Neutral Sentiment: TD Cowen lowered its price target to $45 from $55 and Needham cut its target to $43 from $49, but both firms maintained buy ratings. TD Cowen recommendations Needham recommendations
• Negative Sentiment: Fiscal Q1 2027 adjusted EPS of $0.34 missed the $0.38 consensus, while revenue of about $50 million fell short of the roughly $52 million estimate. Revenue rose just 1.6% year over year, and equipment sales declined 7.3%, with a distributor pullback cited as a factor. Excluding a litigation credit, operating income was down about 4% and EPS was flat year over year. Fiscal Q1 2027 results

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc develops, manufactures and sells electronic security products and solutions for commercial, institutional, industrial and residential applications. Its offerings include intrusion alarm systems, access control systems, fire alarm products, locking systems and related communications technologies.

The company markets products under brands that include NAPCO, StarLink, Alarm Lock, Continental Instruments and Firewolf. Its solutions are designed to support security dealers, alarm monitoring providers, systems integrators and other professional-channel customers, including applications in schools, healthcare facilities, businesses and government buildings.

Founded in 1969, NAPCO is headquartered in Amityville, New York.