Napco Security Technologies (NASDAQ:NSSC) Trading Down 4.4% Following Analyst Downgrade

Napco Security Technologies, Inc. (NASDAQ:NSSC) traded down 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. 58,562 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 570,544 shares. The stock had previously closed at $26.42.

Several other research analysts have also commented on NSSC. TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $46.00 to $27.00 in a research note on Tuesday. DA Davidson lowered 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. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Lake Street Capital reduced their price target on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Needham & Company LLC cut their price objective on Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.14.

Hedge Funds Weigh In On Napco Security Technologies

Institutional investors have recently made changes to their positions in the business. Copeland Capital Management LLC boosted 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 valued at $42,003,000 after purchasing an additional 540,436 shares during the period. FMR LLC grew its position in Napco Security Technologies by 30.8% in the 3rd quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock worth $85,075,000 after purchasing 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 3rd quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company’s stock worth $9,629,000 after purchasing an additional 192,790 shares during the period. Congress Asset Management Co. lifted its stake in shares of Napco Security Technologies by 94.4% in 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 buying an additional 135,802 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in Napco Security Technologies by 74.3% during the third quarter. Rockefeller Capital Management L.P. now owns 300,901 shares of the industrial products company’s stock worth $12,174,000 after buying an additional 128,316 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

Napco Security Technologies Price Performance

The firm has a 50 day moving average of $35.92 and a 200-day moving average of $40.88. The stock has a market capitalization of $940.94 million, a P/E ratio of 18.86 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The firm had revenue of $42.90 million for the quarter, compared to the consensus estimate of $49.93 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. As a group, equities analysts expect that Napco Security Technologies, Inc. will post 1.55 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, March 12th. Napco Security Technologies’s payout ratio is 38.46%.

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.