Napco Security Technologies (NASDAQ:NSSC) Price Target Cut to $37.00 by Analysts at Needham & Company LLC

Napco Security Technologies (NASDAQ:NSSC) had its price objective trimmed by Needham & Company LLC from $40.00 to $37.00 in a report released on Friday morning, MarketBeat.com reports. The firm currently has a buy rating on the industrial products company’s stock.

NSSC has been the topic of a number of other research reports. Lake Street Capital set a $30.00 target price on Napco Security Technologies and gave the company a “buy” rating in a research report on Tuesday, February 4th. Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Craig Hallum lowered Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a research report on Tuesday, February 4th. Finally, TD Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating and decreased their target price for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $35.83.

Napco Security Technologies Trading Down 1.2 %

Napco Security Technologies stock opened at $23.94 on Friday. Napco Security Technologies has a 12 month low of $23.00 and a 12 month high of $58.09. The stock’s 50 day simple moving average is $28.20 and its two-hundred day simple moving average is $34.78. The firm has a market cap of $871.44 million, a PE ratio of 18.42 and a beta of 1.59.

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). Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $49.93 million. During the same quarter in the prior year, the company posted $0.34 EPS. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities research analysts forecast that Napco Security Technologies will post 1.24 EPS for the current year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a yield of 2.09%. Napco Security Technologies’s payout ratio is currently 38.46%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NSSC. 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 worth $45,000 after acquiring an additional 424 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Napco Security Technologies in the 3rd quarter worth $2,644,000. Quest Partners LLC increased its stake in shares of Napco Security Technologies by 234.6% in the 3rd quarter. Quest Partners LLC now owns 6,786 shares of the industrial products company’s stock worth $275,000 after acquiring an additional 4,758 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Napco Security Technologies by 109.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 579 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Napco Security Technologies in the 3rd quarter worth $634,000. Hedge funds and other 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.