Napco Security Technologies (NASDAQ:NSSC) Lowered to Hold Rating by Craig Hallum

Craig Hallum lowered shares of Napco Security Technologies (NASDAQ:NSSC) from a buy rating to a hold rating in a report released on Tuesday, MarketBeat Ratings reports. Craig Hallum currently has $28.00 price target on the industrial products company’s stock.

NSSC has been the subject of several other reports. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and reduced their price target for the company from $46.00 to $27.00 in a report on Tuesday. Needham & Company LLC dropped their price objective on shares of Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday. 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. Finally, DA Davidson lowered their target price on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Napco Security Technologies has a consensus rating of “Hold” and a consensus target price of $38.17.

Napco Security Technologies Stock Performance

Shares of NASDAQ:NSSC opened at $26.59 on Tuesday. The firm’s 50 day simple moving average is $35.67 and its 200-day simple moving average is $40.79. Napco Security Technologies has a one year low of $24.90 and a one year high of $58.09. The firm has a market cap of $975.32 million, a PE ratio of 19.55 and a beta of 1.64.

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

Napco Security Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders 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 yield of 1.88%. Napco Security Technologies’s dividend payout ratio (DPR) is 36.76%.

Hedge Funds Weigh In On Napco Security Technologies

Large investors have recently made changes to their positions in the business. Copeland Capital Management LLC grew 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 worth $42,003,000 after buying an additional 540,436 shares during the last quarter. FMR LLC grew its stake in shares of Napco Security Technologies by 30.8% during 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 last quarter. Kornitzer Capital Management Inc. KS increased its holdings in shares of 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 in the last quarter. Congress Asset Management Co. increased its holdings in shares of Napco Security Technologies by 94.4% during 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 in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of Napco Security Technologies by 74.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 300,901 shares of the industrial products company’s stock valued at $12,174,000 after purchasing an additional 128,316 shares during the last quarter. 85.07% of the stock is 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.