Napco Security Technologies (NASDAQ:NSSC) Cut to Hold at Craig Hallum

Craig Hallum downgraded shares of Napco Security Technologies (NASDAQ:NSSC) from a buy rating to a hold rating in a report released on Tuesday morning, Marketbeat Ratings reports. They currently have $28.00 price objective on the industrial products company’s stock.

Several other research firms also recently commented on NSSC. DA Davidson dropped their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Lake Street Capital reduced their price objective on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC lowered their target price on Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, TD Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $46.00 to $27.00 in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $38.17.

Napco Security Technologies Trading Up 3.7 %

Shares of NSSC opened at $26.59 on Tuesday. The business’s 50 day moving average is $35.67 and its 200 day moving average is $40.79. Napco Security Technologies has a 12-month low of $24.90 and a 12-month high of $58.09. The company has a market capitalization of $975.32 million, a PE ratio of 19.55 and a beta of 1.64.

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

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.88%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies’s payout ratio is 36.76%.

Institutional Investors Weigh In On Napco Security Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans bought a new position in Napco Security Technologies during the 3rd quarter valued at about $2,644,000. State Street Corp boosted its position in shares of Napco Security Technologies by 2.2% during the third quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock valued at $31,790,000 after buying an additional 16,931 shares during the period. XTX Topco Ltd bought a new position in shares of Napco Security Technologies during the third quarter valued at approximately $672,000. Barclays PLC raised its holdings in shares of Napco Security Technologies by 266.0% in the third quarter. Barclays PLC now owns 62,085 shares of the industrial products company’s stock worth $2,511,000 after buying an additional 45,122 shares during the period. Finally, Copeland Capital Management LLC lifted its stake in shares of Napco Security Technologies by 108.6% during the 3rd quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock worth $42,003,000 after acquiring an additional 540,436 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

About Napco Security Technologies

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.