Napco Security Technologies (NASDAQ:NSSC) Lowered to “Sell” Rating by StockNews.com

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

A number of other brokerages also recently commented on NSSC. Lake Street Capital lowered their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. TD Cowen lowered their target price on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC boosted their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Craig Hallum reduced their price target 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. Finally, DA Davidson reduced their price target on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Napco Security Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.14.

Napco Security Technologies Trading Up 2.1 %

Shares of NSSC stock opened at $40.06 on Monday. The firm has a fifty day moving average price of $39.09 and a 200 day moving average price of $46.31. The company has a market cap of $1.47 billion, a P/E ratio of 29.46 and a beta of 1.64. Napco Security Technologies has a 12 month low of $28.25 and a 12 month high of $58.09.

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

Napco Security Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be issued a $0.125 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.25%. Napco Security Technologies’s payout ratio is 36.76%.

Insider Activity

In other news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. This represents a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.24% of the company’s stock.

Institutional Investors Weigh In On Napco Security Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. raised its holdings in Napco Security Technologies by 810.3% during the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 470 shares in the last quarter. Quarry LP raised its holdings in Napco Security Technologies by 91.2% during the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 312 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Napco Security Technologies by 72,300.0% during the third quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 723 shares in the last quarter. KBC Group NV raised its holdings in Napco Security Technologies by 61.4% during the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 424 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Napco Security Technologies during the first quarter worth about $46,000. 85.07% of the stock is owned by hedge funds and other 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.