Napco Security Technologies (NASDAQ:NSSC) Rating Lowered to Sell at StockNews.com

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

Other equities analysts have also issued reports about the company. Lake Street Capital reduced their price objective on 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 decreased their price objective on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Craig Hallum dropped their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC increased 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. Finally, TD Cowen dropped 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.14.

Napco Security Technologies Price Performance

NASDAQ NSSC opened at $38.91 on Monday. The business’s fifty day moving average is $39.06 and its 200-day moving average is $46.19. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 28.61 and a beta of 1.64. Napco Security Technologies has a one year low of $29.18 and a one year high of $58.09.

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

Napco Security Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

Insiders Place Their Bets

In related news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 2,681 shares in the company, valued at $99,518.72. The trade was a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.24% of the company’s stock.

Institutional Trading of Napco Security Technologies

Large investors have recently modified their holdings of the business. Franklin Resources Inc. raised its stake in Napco Security Technologies by 4.8% in the third quarter. Franklin Resources Inc. now owns 19,961 shares of the industrial products company’s stock valued at $807,000 after purchasing an additional 915 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Napco Security Technologies by 14.3% in the 3rd quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company’s stock worth $38,809,000 after buying an additional 120,304 shares during the last quarter. Barclays PLC raised its position in shares of Napco Security Technologies by 266.0% during the 3rd quarter. Barclays PLC now owns 62,085 shares of the industrial products company’s stock valued at $2,511,000 after buying an additional 45,122 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Napco Security Technologies during the 3rd quarter valued at $672,000. Finally, State Street Corp lifted its holdings in shares of Napco Security Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock worth $31,790,000 after acquiring an additional 16,931 shares during the last quarter. Institutional investors 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.