Napco Security Technologies (NASDAQ:NSSC) Price Target Cut to $40.00 by Analysts at Needham & Company LLC

Napco Security Technologies (NASDAQ:NSSC) had its price target reduced by Needham & Company LLC from $52.00 to $40.00 in a research report released on Tuesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the industrial products company’s stock.

NSSC has been the subject of several other reports. Lake Street Capital cut their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. TD Cowen cut their price objective on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Craig Hallum decreased their price objective on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. DA Davidson cut their target price on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $39.14.

Napco Security Technologies Stock Down 1.9 %

Shares of NASDAQ NSSC opened at $26.42 on Tuesday. The firm has a market capitalization of $969.09 million, a P/E ratio of 19.43 and a beta of 1.64. The stock’s 50-day simple moving average is $36.19 and its two-hundred day simple moving average is $40.99. Napco Security Technologies has a twelve month low of $25.51 and a twelve month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.06). Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The company had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. During the same quarter last year, the company posted $0.34 earnings per share. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, research analysts anticipate that Napco Security Technologies will post 1.55 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be given a $0.125 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 1.89%. Napco Security Technologies’s payout ratio is currently 36.76%.

Institutional Trading of Napco Security Technologies

A number of institutional investors have recently made changes to their positions in NSSC. The Manufacturers Life Insurance Company raised its holdings in Napco Security Technologies by 6.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,501 shares of the industrial products company’s stock valued at $961,000 after buying an additional 1,042 shares during the last quarter. City Center Advisors LLC bought a new position in shares of Napco Security Technologies during the third quarter valued at about $258,000. CWM LLC raised its stake in shares of Napco Security Technologies by 22.5% during the third quarter. CWM LLC now owns 3,383 shares of the industrial products company’s stock valued at $137,000 after acquiring an additional 622 shares during the last quarter. Annex Advisory Services LLC boosted its holdings in shares of Napco Security Technologies by 12.9% during the third quarter. Annex Advisory Services LLC now owns 303,805 shares of the industrial products company’s stock worth $12,292,000 after purchasing an additional 34,802 shares during the period. Finally, Shaker Investments LLC OH grew its stake in shares of Napco Security Technologies by 46.7% in the third quarter. Shaker Investments LLC OH now owns 35,215 shares of the industrial products company’s stock worth $1,425,000 after purchasing an additional 11,203 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.