Napco Security Technologies (NASDAQ:NSSC) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Napco Security Technologies (NASDAQ:NSSC) from a sell rating to a hold rating in a report published on Thursday.

Several other brokerages have also recently issued reports on NSSC. Needham & Company LLC upped their target price on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. DA Davidson lowered 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 note on Tuesday, November 5th. Craig Hallum decreased their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. TD Cowen dropped 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 research report on Tuesday, November 5th. Finally, Lake Street Capital dropped their target price 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Napco Security Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $47.14.

Napco Security Technologies Stock Performance

Shares of Napco Security Technologies stock traded down $0.47 on Thursday, hitting $36.44. 53,801 shares of the company’s stock were exchanged, compared to its average volume of 457,813. The company has a 50-day simple moving average of $39.04 and a 200-day simple moving average of $46.51. The stock has a market capitalization of $1.34 billion, a PE ratio of 27.14 and a beta of 1.64. Napco Security Technologies has a 1 year low of $27.38 and a 1 year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). The business had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $46.56 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. On average, 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. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

Insider Buying and Selling

In other news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the transaction, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. This represents a 20.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 5.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Napco Security Technologies

A number of large investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Napco Security Technologies in the 1st quarter valued at about $234,000. Sei Investments Co. acquired a new stake in Napco Security Technologies in the 1st quarter valued at about $682,000. ProShare Advisors LLC acquired a new stake in Napco Security Technologies in the 1st quarter valued at about $240,000. Vanguard Group Inc. grew its stake in Napco Security Technologies by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock valued at $102,654,000 after acquiring an additional 102,010 shares during the last quarter. Finally, Cynosure Group LLC acquired a new stake in Napco Security Technologies in the 1st quarter valued at about $304,000. 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 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.