StockNews.com Downgrades Napco Security Technologies (NASDAQ:NSSC) to Sell

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

NSSC has been the subject of several other reports. DA Davidson decreased their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. TD Cowen decreased their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC lifted their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Lake Street Capital decreased their target price on 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. Finally, Craig Hallum lowered their target price on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.14.

Napco Security Technologies Price Performance

NASDAQ NSSC opened at $38.91 on Monday. Napco Security Technologies has a 1 year low of $29.18 and a 1 year high of $58.09. The stock has a market capitalization of $1.43 billion, a PE ratio of 28.61 and a beta of 1.64. The business’s 50-day moving average is $39.06 and its 200 day moving average is $46.19.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $44.00 million during the quarter, compared to the consensus estimate of $46.56 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. Napco Security Technologies’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Napco Security Technologies will post 1.49 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be paid a $0.125 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.29%. Napco Security Technologies’s payout ratio is currently 36.76%.

Insider Activity at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the transaction, the director now owns 2,681 shares in the company, valued at $99,518.72. The trade was a 20.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. increased its position in shares of Napco Security Technologies by 810.3% during the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 470 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Napco Security Technologies by 72,300.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 723 shares in the last quarter. Quarry LP raised its stake in shares of Napco Security Technologies by 91.2% in the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 312 shares during the last quarter. KBC Group NV raised its stake in shares of Napco Security Technologies by 61.4% in the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 424 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Napco Security Technologies during the first quarter valued at $46,000. 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.