Napco Security Technologies (NASDAQ:NSSC) Lowered to Hold Rating by TD Cowen

TD Cowen 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 morning, MarketBeat.com reports. The firm currently has $27.00 price objective on the industrial products company’s stock, down from their prior price objective of $46.00.

Several other brokerages have also recently weighed in on NSSC. Needham & Company LLC lowered their price target on shares of Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday. 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 research report on Tuesday, November 5th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. DA Davidson decreased their target price on shares of 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 decreased their target price on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.14.

Napco Security Technologies Stock Performance

Shares of NSSC opened at $26.42 on Tuesday. The company has a 50 day moving average price of $36.19 and a 200-day moving average price of $40.99. Napco Security Technologies has a fifty-two week low of $25.51 and a fifty-two week high of $58.09. The stock has a market capitalization of $969.09 million, a PE ratio of 19.43 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share 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 business had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $49.93 million. During the same period in the previous year, the company posted $0.34 EPS. Napco Security Technologies’s revenue for the quarter was down 9.3% on a year-over-year basis. Equities research analysts forecast that Napco Security Technologies will post 1.55 EPS for the current year.

Napco Security Technologies Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its stake in 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 valued at $29,000 after purchasing an additional 723 shares in the last quarter. KBC Group NV increased its stake in Napco Security Technologies by 61.4% during the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 424 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Napco Security Technologies by 109.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 579 shares in the last quarter. Huntington National Bank increased its stake in Napco Security Technologies by 54.7% during the 3rd quarter. Huntington National Bank now owns 1,777 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 628 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in Napco Security Technologies during the 4th quarter valued at approximately $86,000. Institutional investors and hedge funds 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.