Lake Street Capital Issues Pessimistic Forecast for Napco Security Technologies (NASDAQ:NSSC) Stock Price

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

Other equities analysts have also issued research reports about the stock. Needham & Company LLC dropped their target price on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Craig Hallum cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a research note on Tuesday, February 4th. Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, TD Cowen cut Napco Security Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Napco Security Technologies has an average rating of “Hold” and an average price target of $35.50.

Napco Security Technologies Stock Performance

Shares of NASDAQ:NSSC opened at $23.34 on Tuesday. The stock’s 50-day moving average is $27.39 and its 200-day moving average is $34.37. The company has a market cap of $849.60 million, a P/E ratio of 17.95 and a beta of 1.59. Napco Security Technologies has a 52-week low of $23.00 and a 52-week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last released 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). The business had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. As a group, equities analysts predict that Napco Security Technologies will post 1.24 EPS for the current year.

Napco Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 annualized dividend and a dividend yield of 2.14%. Napco Security Technologies’s dividend payout ratio is currently 38.46%.

Institutional Trading of Napco Security Technologies

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new stake in shares of Napco Security Technologies during the 4th quarter worth about $10,427,000. Mpwm Advisory Solutions LLC acquired a new stake in Napco Security Technologies in the 4th quarter valued at about $54,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Napco Security Technologies by 9.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,459 shares of the industrial products company’s stock worth $2,363,000 after acquiring an additional 5,523 shares during the last quarter. Voloridge Investment Management LLC raised its position in Napco Security Technologies by 11.9% in the 4th quarter. Voloridge Investment Management LLC now owns 309,821 shares of the industrial products company’s stock worth $11,017,000 after purchasing an additional 32,839 shares during the last quarter. Finally, Visionary Wealth Advisors raised its position in Napco Security Technologies by 19.5% in the 4th quarter. Visionary Wealth Advisors now owns 326,193 shares of the industrial products company’s stock worth $11,599,000 after purchasing an additional 53,295 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

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.