Needham & Company LLC Cuts Napco Security Technologies (NASDAQ:NSSC) Price Target to $40.00

Napco Security Technologies (NASDAQ:NSSC) had its price objective lowered by Needham & Company LLC from $52.00 to $40.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Several other research firms have also commented on NSSC. Craig Hallum reduced their price target on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. TD Cowen decreased their target price on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Lake Street Capital reduced 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 report on Tuesday, November 5th. Finally, DA Davidson decreased their price objective on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $38.17.

Napco Security Technologies Trading Up 3.7 %

Shares of NASDAQ NSSC opened at $26.59 on Tuesday. The stock has a market cap of $975.32 million, a PE ratio of 19.55 and a beta of 1.64. Napco Security Technologies has a 12-month low of $24.90 and a 12-month high of $58.09. The company has a 50-day moving average of $35.67 and a 200 day moving average of $40.79.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The company had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $49.93 million. During the same quarter last year, the company 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, sell-side analysts forecast that Napco Security Technologies will post 1.55 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 1.88%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of Napco Security Technologies by 72,300.0% in the third quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after buying an additional 723 shares in the last quarter. KBC Group NV grew its position in Napco Security Technologies by 61.4% in the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 424 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Napco Security Technologies by 109.7% during the third quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 579 shares during the period. Huntington National Bank lifted its position in shares of Napco Security Technologies by 54.7% during the third quarter. Huntington National Bank now owns 1,777 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 628 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of Napco Security Technologies in the fourth quarter valued at approximately $86,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

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.