Needham & Company LLC Lowers Napco Security Technologies (NASDAQ:NSSC) Price Target to $40.00

Napco Security Technologies (NASDAQ:NSSC) had its price target reduced by Needham & Company LLC from $52.00 to $40.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Other equities analysts have also issued reports about the stock. DA Davidson lowered 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 report on Tuesday, November 5th. Craig Hallum dropped their target price on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. TD Cowen reduced their price target on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Lake Street Capital reduced their price objective 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Napco Security Technologies currently has an average rating of “Hold” and a consensus target price of $39.14.

Napco Security Technologies Trading Down 1.9 %

NSSC opened at $26.42 on Tuesday. The company has a market cap of $969.09 million, a price-to-earnings ratio of 19.43 and a beta of 1.64. The stock has a fifty day simple moving average of $36.19 and a two-hundred day simple moving average of $40.99. Napco Security Technologies has a 12-month low of $25.51 and a 12-month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The business had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. The firm’s revenue was down 9.3% compared to the same quarter last year. On average, analysts predict that Napco Security Technologies will post 1.55 EPS for the current year.

Napco Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies’s payout ratio is presently 36.76%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NSSC. Copeland Capital Management LLC raised its stake in Napco Security Technologies by 108.6% during the 3rd quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock valued at $42,003,000 after buying an additional 540,436 shares during the last quarter. FMR LLC grew its holdings in shares of Napco Security Technologies by 30.8% in the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock worth $85,075,000 after acquiring an additional 494,988 shares during the period. Kornitzer Capital Management Inc. KS increased its position in Napco Security Technologies by 426.5% during the third quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company’s stock valued at $9,629,000 after acquiring an additional 192,790 shares during the last quarter. Congress Asset Management Co. lifted its holdings in Napco Security Technologies by 94.4% in the fourth quarter. Congress Asset Management Co. now owns 279,670 shares of the industrial products company’s stock valued at $9,945,000 after acquiring an additional 135,802 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in Napco Security Technologies by 74.3% in the third quarter. Rockefeller Capital Management L.P. now owns 300,901 shares of the industrial products company’s stock worth $12,174,000 after purchasing an additional 128,316 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

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.