Napco Security Technologies (NASDAQ:NSSC) Downgraded to Hold Rating by TD Cowen

TD Cowen cut shares of Napco Security Technologies (NASDAQ:NSSC) from a buy rating to a hold rating in a report issued on Tuesday morning, Marketbeat reports. They currently have $27.00 price objective on the industrial products company’s stock, down from their previous price objective of $46.00.

A number of other analysts also recently weighed in on the stock. Craig Hallum reduced their target price on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Lake Street Capital reduced their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. DA Davidson reduced 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 report on Tuesday, November 5th. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Needham & Company LLC reduced their target price on shares of Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.14.

Napco Security Technologies Stock Down 1.9 %

Shares of NSSC stock opened at $26.42 on Tuesday. The stock has a market cap of $969.09 million, a P/E ratio of 19.43 and a beta of 1.64. Napco Security Technologies has a 52 week low of $25.51 and a 52 week high of $58.09. The company’s fifty day simple moving average is $36.19 and its two-hundred day simple moving average is $40.99.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results 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 company had revenue of $42.90 million during 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 firm’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 firm earned $0.34 EPS. On average, analysts anticipate that Napco Security Technologies will post 1.55 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

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

Hedge Funds Weigh In On Napco Security Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in Napco Security Technologies by 13.0% during the 4th quarter. Bank of New York Mellon Corp now owns 201,846 shares of the industrial products company’s stock valued at $7,178,000 after purchasing an additional 23,149 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Napco Security Technologies in the 4th quarter worth about $488,000. Arcadia Investment Management Corp MI bought a new position in Napco Security Technologies in the 4th quarter worth about $86,000. Rice Hall James & Associates LLC grew its stake in Napco Security Technologies by 23.4% in the 4th quarter. Rice Hall James & Associates LLC now owns 196,472 shares of the industrial products company’s stock worth $6,987,000 after acquiring an additional 37,262 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its stake in Napco Security Technologies by 15.5% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 274,970 shares of the industrial products company’s stock worth $9,778,000 after acquiring an additional 36,975 shares in the last quarter. 85.07% of the stock is currently owned by 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.