NAPCO Security Technologies (NASDAQ:NSSC) Stock Gets Price Target Reduction from Lake Street Capital

NAPCO Security Technologies (NASDAQ:NSSC) had its target price trimmed by Lake Street Capital from $50.00 to $46.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Other equities analysts have also issued reports about the company. Benchmark reaffirmed a “buy” rating on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. DA Davidson set a $52.00 price target on NAPCO Security Technologies in a report on Tuesday, August 25th. Needham & Company LLC cut their price objective on NAPCO Security Technologies from $49.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday. Weiss Ratings raised NAPCO Security Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, TD Cowen began coverage on NAPCO Security Technologies in a research note on Tuesday. They issued a “buy” rating and a $45.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $46.50.

NAPCO Security Technologies Stock Performance

NAPCO Security Technologies stock opened at $29.99 on Tuesday. NAPCO Security Technologies has a fifty-two week low of $29.36 and a fifty-two week high of $51.77. The stock has a market cap of $1.07 billion, a PE ratio of 24.38 and a beta of 1.49. The firm’s 50-day simple moving average is $36.07 and its 200 day simple moving average is $38.95.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, November 2nd. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). NAPCO Security Technologies had a net margin of 21.60% and a return on equity of 30.46%. The firm had revenue of $49.98 million during the quarter, compared to analysts’ expectations of $52.05 million. During the same quarter last year, the business posted $0.34 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, analysts predict that NAPCO Security Technologies will post 1.64 EPS for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Monday, December 14th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, December 14th. NAPCO Security Technologies’s payout ratio is 56.20%.

Insider Buying and Selling

In other NAPCO Security Technologies news, Chairman Richard Soloway sold 379,529 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the completion of the transaction, the chairman directly owned 621,958 shares of the company’s stock, valued at approximately $21,457,551. This represents a 37.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donna Soloway sold 20,962 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $34.62, for a total value of $725,704.44. Following the transaction, the director directly owned 20,962 shares of the company’s stock, valued at approximately $725,704.44. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 523,962 shares of company stock worth $18,257,168 in the last ninety days. 5.65% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. KBC Group NV bought a new stake in NAPCO Security Technologies during the 1st quarter worth approximately $26,000. Sterling Capital Management LLC boosted its holdings in NAPCO Security Technologies by 844.7% in the 3rd quarter. Sterling Capital Management LLC now owns 1,162 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 1,039 shares during the period. Integrated Wealth Concepts LLC bought a new position in NAPCO Security Technologies in the 2nd quarter valued at $46,000. Signaturefd LLC boosted its holdings in NAPCO Security Technologies by 225.9% in the 3rd quarter. Signaturefd LLC now owns 1,310 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 908 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of NAPCO Security Technologies by 40.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,345 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 386 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc develops, manufactures and sells electronic security products and solutions for commercial, institutional, industrial and residential applications. Its offerings include intrusion alarm systems, access control systems, fire alarm products, locking systems and related communications technologies.

The company markets products under brands that include NAPCO, StarLink, Alarm Lock, Continental Instruments and Firewolf. Its solutions are designed to support security dealers, alarm monitoring providers, systems integrators and other professional-channel customers, including applications in schools, healthcare facilities, businesses and government buildings.

Founded in 1969, NAPCO is headquartered in Amityville, New York.