Napco Security Technologies (NASDAQ:NSSC) Downgraded to Sell Rating by StockNews.com

Napco Security Technologies (NASDAQ:NSSC) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

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

Napco Security Technologies Stock Performance

Shares of NSSC traded up $0.84 during mid-day trading on Monday, reaching $40.06. The company had a trading volume of 379,996 shares, compared to its average volume of 455,007. The company’s 50 day simple moving average is $39.09 and its 200 day simple moving average is $46.31. Napco Security Technologies has a 1-year low of $28.25 and a 1-year high of $58.09. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 29.46 and a beta of 1.64.

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

Insider Transactions at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the transaction, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. The trade was a 20.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.24% of the company’s stock.

Institutional Trading of Napco Security Technologies

Hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. increased its stake in shares of Napco Security Technologies by 810.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 470 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Napco Security Technologies by 72,300.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 723 shares in the last quarter. Quarry LP increased its stake in shares of Napco Security Technologies by 91.2% in the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 312 shares in the last quarter. KBC Group NV increased its stake in shares of Napco Security Technologies by 61.4% in the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 424 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Napco Security Technologies in the 1st quarter valued at $46,000. Institutional investors own 85.07% of the company’s stock.

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.