Lake Street Capital Cuts Napco Security Technologies (NASDAQ:NSSC) Price Target to $28.00

Napco Security Technologies (NASDAQ:NSSC) had its price objective cut by Lake Street Capital from $30.00 to $28.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Several other research analysts have also recently commented on the stock. Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Craig Hallum cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a research report on Tuesday, February 4th. Needham & Company LLC lowered their price target on Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, March 21st. TD Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $46.00 to $27.00 in a research note on Tuesday, February 4th. Finally, StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.50.

Napco Security Technologies Stock Performance

NASDAQ NSSC opened at $23.34 on Tuesday. Napco Security Technologies has a 1 year low of $23.00 and a 1 year high of $58.09. The business’s fifty day moving average is $27.39 and its two-hundred day moving average is $34.37. The stock has a market capitalization of $849.60 million, a P/E ratio of 17.95 and a beta of 1.59.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company had revenue of $42.90 million for the quarter, compared to analyst estimates of $49.93 million. During the same period last year, the firm earned $0.34 earnings per share. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, research analysts forecast that Napco Security Technologies will post 1.24 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio (DPR) is presently 38.46%.

Institutional Investors Weigh In On Napco Security Technologies

Several large investors have recently made changes to their positions in NSSC. Thrivent Financial for Lutherans bought a new stake in Napco Security Technologies in the third quarter worth $2,644,000. Quest Partners LLC boosted its stake in shares of Napco Security Technologies by 234.6% during the 3rd quarter. Quest Partners LLC now owns 6,786 shares of the industrial products company’s stock worth $275,000 after acquiring an additional 4,758 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Napco Security Technologies during the 3rd quarter worth about $634,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Napco Security Technologies by 30.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 359,103 shares of the industrial products company’s stock valued at $14,529,000 after acquiring an additional 83,871 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Napco Security Technologies in the 3rd quarter valued at approximately $356,000. 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.