Craig Hallum Downgrades Napco Security Technologies (NASDAQ:NSSC) to Hold

Craig Hallum lowered shares of Napco Security Technologies (NASDAQ:NSSC) from a buy rating to a hold rating in a research note issued to investors on Tuesday, MarketBeat reports. Craig Hallum currently has $28.00 target price on the industrial products company’s stock.

Several other equities research analysts have also recently issued reports on NSSC. Lake Street Capital decreased their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. 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 research note on Tuesday. DA Davidson decreased their price target on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC decreased their target price on shares of Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research 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 company’s stock. According to MarketBeat, Napco Security Technologies currently has a consensus rating of “Hold” and a consensus price target of $39.14.

Napco Security Technologies Trading Down 1.9 %

NASDAQ:NSSC opened at $26.42 on Tuesday. Napco Security Technologies has a twelve month low of $25.51 and a twelve month high of $58.09. The company has a market capitalization of $969.09 million, a P/E ratio of 19.43 and a beta of 1.64. The firm has a 50-day moving average price of $36.19 and a two-hundred 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 the consensus estimate of $0.34 by ($0.06). Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The firm had revenue of $42.90 million for the quarter, compared to analyst estimates of $49.93 million. During the same period in the prior year, the business earned $0.34 earnings per share. Napco Security Technologies’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities research analysts predict that Napco Security Technologies will post 1.55 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.89%. Napco Security Technologies’s dividend payout ratio (DPR) is 36.76%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NSSC. Copeland Capital Management LLC lifted its position in Napco Security Technologies by 108.6% during the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock valued at $42,003,000 after buying an additional 540,436 shares in the last quarter. FMR LLC lifted its position in Napco Security Technologies by 30.8% during the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock valued at $85,075,000 after buying an additional 494,988 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its position in Napco Security Technologies by 426.5% during the third quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company’s stock valued at $9,629,000 after buying an additional 192,790 shares in the last quarter. Congress Asset Management Co. lifted its position in Napco Security Technologies by 94.4% during 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 in the last quarter. Finally, Rockefeller Capital Management L.P. lifted 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 valued at $12,174,000 after buying an additional 128,316 shares in the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

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.