StockNews.com Upgrades Napco Security Technologies (NASDAQ:NSSC) to Hold

StockNews.com upgraded shares of Napco Security Technologies (NASDAQ:NSSC) from a sell rating to a hold rating in a research note released on Thursday morning.

Several other research firms also recently commented on NSSC. TD Cowen dropped their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC raised their target price on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Lake Street Capital lowered their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. DA Davidson lowered their price objective on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Craig Hallum cut their target price on 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $47.14.

Napco Security Technologies Stock Down 2.6 %

NASDAQ:NSSC opened at $35.96 on Thursday. Napco Security Technologies has a 52 week low of $27.38 and a 52 week high of $58.09. The stock’s fifty day moving average is $39.08 and its two-hundred day moving average is $46.55. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 26.44 and a beta of 1.64.

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

Napco Security Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio is currently 36.76%.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the sale, the director now directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. This trade represents a 20.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.24% of the stock is currently owned by company insiders.

Institutional Trading of Napco Security Technologies

Several hedge funds have recently made changes to their positions in NSSC. First Horizon Advisors Inc. raised its holdings in Napco Security Technologies by 810.3% during the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 470 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Napco Security Technologies by 72,300.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock worth $29,000 after buying an additional 723 shares in the last quarter. Quarry LP lifted its holdings 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 buying an additional 312 shares during the period. KBC Group NV boosted its stake in shares of Napco Security Technologies by 61.4% in the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock valued at $45,000 after buying an additional 424 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Napco Security Technologies during the first quarter worth $46,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

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.