NAPCO Security Technologies (NASDAQ:NSSC) Stock Price Target Lowered at Needham & Company LLC

NAPCO Security Technologies (NASDAQ:NSSC) had its price objective dropped by stock analysts at Needham & Company LLC from $49.00 to $43.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC‘s target price indicates a potential upside of 33.96% from the company’s previous close.

Several other analysts have also recently commented on the stock. Benchmark reiterated a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. DA Davidson set a $52.00 target price on NAPCO Security Technologies in a research report on Tuesday, August 25th. Finally, Weiss Ratings raised NAPCO Security Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Four 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 data from MarketBeat, NAPCO Security Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $49.33.

NAPCO Security Technologies Stock Performance

Shares of NAPCO Security Technologies stock opened at $32.10 on Monday. The stock has a market cap of $1.15 billion, a P/E ratio of 26.53 and a beta of 1.51. The stock’s fifty day moving average is $36.39 and its 200 day moving average is $39.07. NAPCO Security Technologies has a one year low of $31.00 and a one year high of $51.77.

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

Insiders Place Their Bets

In other news, Chairman Richard Soloway sold 379,529 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $34.50, for a total value of $13,093,750.50. Following the sale, the chairman directly owned 621,958 shares in the company, valued at $21,457,551. The trade was a 37.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Donna Soloway sold 28,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $35.98, for a total transaction of $1,007,440.00. Following the sale, the director owned 20,962 shares in the company, valued at $754,212.76. This represents a 57.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 523,962 shares of company stock valued at $18,257,168 over the last three months. Corporate insiders own 2.96% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bank of America Corp DE bought a new position in NAPCO Security Technologies in the 2nd quarter worth about $6,019,000. Deutsche Bank AG bought a new stake in shares of NAPCO Security Technologies during the second quarter valued at approximately $1,414,000. Corient Private Wealth LP raised its stake in shares of NAPCO Security Technologies by 326.5% during the second quarter. Corient Private Wealth LP now owns 48,576 shares of the industrial products company’s stock valued at $1,845,000 after acquiring an additional 37,186 shares in the last quarter. Fundsmith LLP raised its stake in shares of NAPCO Security Technologies by 58.2% during the second quarter. Fundsmith LLP now owns 606,974 shares of the industrial products company’s stock valued at $23,053,000 after acquiring an additional 223,378 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of NAPCO Security Technologies by 239.7% in the first quarter. Principal Financial Group Inc. now owns 225,314 shares of the industrial products company’s stock valued at $8,875,000 after purchasing an additional 158,984 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies News Summary

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

• Positive Sentiment: Recurring service revenue increased 11.5% year over year, with margins above 90%, helping support gross margins and bringing the recurring-revenue run rate to approximately $106 million. Management is targeting full-year equipment gross margins of 26%–27%. 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 reported 2.1% yield, providing an income component for shareholders. NAPCO Security Technologies dividend information
• Neutral Sentiment: Revenue reached a quarterly record of approximately $50.0 million and grew 1.6% year over year, but the increase was largely driven by recurring services rather than hardware sales. NAPCO Security Technologies Reports Fiscal Q1 2027 Results
• Negative Sentiment: Adjusted EPS was $0.34, below the $0.38 analyst consensus and roughly flat from the prior-year quarter. Revenue of $49.98 million also missed expectations of approximately $52.0 million. NAPCO Earnings Flash
• Negative Sentiment: Equipment sales declined 7.3%, reportedly reflecting a distributor pullback and ending a six-quarter growth streak. Excluding a litigation-related credit, operating income fell about 4%, indicating that underlying profitability was weaker than the headline margin performance suggests. NAPCO Security Q1 2027 Earnings Analysis

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.