Napco Security Technologies (NASDAQ:NSSC) Stock Rating Lowered by StockNews.com

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

Other research analysts also recently issued reports about the company. Needham & Company LLC lifted their price target on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. DA Davidson dropped their target price on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Lake Street Capital reduced their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. TD Cowen dropped their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Craig Hallum cut their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.14.

Napco Security Technologies Stock Performance

Shares of NASDAQ NSSC opened at $38.91 on Monday. The business has a 50 day simple moving average of $39.10 and a 200 day simple moving average of $46.24. Napco Security Technologies has a 52 week low of $29.18 and a 52 week high of $58.09. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 28.61 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last announced 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 return on equity of 29.56% and a net margin of 26.43%. The company had revenue of $44.00 million during the quarter, compared to analyst estimates of $46.56 million. During the same period in the prior year, the firm earned $0.28 EPS. Napco Security Technologies’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Napco Security Technologies will post 1.49 EPS for the current year.

Napco Security Technologies Dividend Announcement

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

Insider Buying and Selling at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the transaction, the director now owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. This trade represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.24% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Sei Investments Co. acquired a new position in shares of Napco Security Technologies during the 1st quarter worth approximately $682,000. ProShare Advisors LLC bought a new position in Napco Security Technologies during the first quarter worth $240,000. Vanguard Group Inc. increased its holdings in shares of Napco Security Technologies by 4.2% in the first quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock valued at $102,654,000 after purchasing an additional 102,010 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of Napco Security Technologies in the first quarter valued at about $63,000. Finally, EntryPoint Capital LLC bought a new position in shares of Napco Security Technologies in the first quarter valued at about $46,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

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.