Napco Security Technologies (NASDAQ:NSSC) Stock Price Down 4.4% on Analyst Downgrade

Napco Security Technologies, Inc. (NASDAQ:NSSC)’s share price dropped 4.4% during trading on Wednesday after Craig Hallum downgraded the stock from a buy rating to a hold rating. Craig Hallum now has a $28.00 price target on the stock. Napco Security Technologies traded as low as $24.90 and last traded at $25.26. Approximately 58,562 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 570,544 shares. The stock had previously closed at $26.42.

Other research analysts have also recently issued research reports about the stock. TD Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $46.00 to $27.00 in a report on Tuesday. Lake Street Capital reduced their target price on 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. Needham & Company LLC dropped their price target on Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday. DA Davidson cut their price objective on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.14.

Hedge Funds Weigh In On Napco Security Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP boosted its holdings in Napco Security Technologies by 18.9% during the third quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company’s stock worth $102,000 after buying an additional 400 shares in the last quarter. KBC Group NV boosted its stake in shares of Napco Security Technologies by 61.4% during the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 424 shares in the last quarter. US Bancorp DE boosted its stake in shares of Napco Security Technologies by 9.1% during the 3rd quarter. US Bancorp DE now owns 5,329 shares of the industrial products company’s stock worth $216,000 after acquiring an additional 443 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Napco Security Technologies by 109.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 579 shares during the period. Finally, CWM LLC grew its holdings in Napco Security Technologies by 22.5% in the third quarter. CWM LLC now owns 3,383 shares of the industrial products company’s stock valued at $137,000 after purchasing an additional 622 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Napco Security Technologies Stock Down 3.0 %

The firm has a market capitalization of $939.56 million, a PE ratio of 18.93 and a beta of 1.64. The stock has a 50-day moving average price of $36.19 and a 200 day moving average price of $40.99.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly 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 company 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 26.43% and a return on equity of 29.56%. Napco Security Technologies’s revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 EPS. As a group, equities analysts predict that Napco Security Technologies, Inc. will post 1.55 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.95%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

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.