Napco Security Technologies (NASDAQ:NSSC) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Napco Security Technologies (NASDAQ:NSSC) from a hold rating to a sell rating in a research report report published on Monday.

Other equities analysts have also issued reports about the stock. Lake Street Capital lowered their price objective on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. DA Davidson reduced their target price on shares of 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. Craig Hallum dropped their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC lifted their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Finally, TD Cowen dropped their target price on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.14.

Napco Security Technologies Trading Down 2.8 %

NASDAQ:NSSC opened at $38.91 on Monday. Napco Security Technologies has a 12-month low of $29.18 and a 12-month high of $58.09. The firm has a market cap of $1.43 billion, a PE ratio of 28.61 and a beta of 1.64. The stock has a fifty day moving average price of $39.10 and a 200 day moving average price of $46.24.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The business had revenue of $44.00 million during the quarter, compared to analyst estimates of $46.56 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts forecast that Napco Security Technologies will post 1.49 EPS for the current year.

Napco Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.29%. Napco Security Technologies’s dividend payout ratio is currently 36.76%.

Insider Activity

In related news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the sale, the director now owns 2,681 shares of the company’s stock, valued at $99,518.72. The trade was a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NSSC. Vanguard Group Inc. increased its stake in Napco Security Technologies by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock worth $102,654,000 after purchasing an additional 102,010 shares in the last quarter. FMR LLC lifted its stake in Napco Security Technologies by 30.8% during the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock valued at $85,075,000 after buying an additional 494,988 shares in the last quarter. Copeland Capital Management LLC boosted its holdings in shares of Napco Security Technologies by 108.6% in the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock worth $42,003,000 after buying an additional 540,436 shares during the period. Geode Capital Management LLC increased its position in shares of Napco Security Technologies by 14.3% in the third quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company’s stock worth $38,809,000 after acquiring an additional 120,304 shares in the last quarter. Finally, State Street Corp raised its holdings 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 acquiring an additional 16,931 shares during the period. Institutional investors and hedge funds 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.