TD Cowen Lowers Napco Security Technologies (NASDAQ:NSSC) Price Target to $46.00

Napco Security Technologies (NASDAQ:NSSC) had its price target lowered by TD Cowen from $60.00 to $46.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

NSSC has been the topic of several other reports. Craig Hallum lowered their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday. DA Davidson increased their price target on shares of Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Lake Street Capital reiterated a “buy” rating and set a $60.00 price target on shares of Napco Security Technologies in a research report on Tuesday, September 17th. Finally, Needham & Company LLC raised 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.14.

Napco Security Technologies Price Performance

Napco Security Technologies stock opened at $38.22 on Tuesday. The firm has a 50-day moving average of $39.54 and a 200-day moving average of $46.70. Napco Security Technologies has a one year low of $24.80 and a one year high of $58.09. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 28.10 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.05). Napco Security Technologies had a net margin of 26.43% and a return on equity of 30.01%. The firm had revenue of $44.00 million during the quarter, compared to analyst estimates of $46.56 million. During the same quarter last year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Napco Security Technologies will post 1.85 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio (DPR) is currently 36.76%.

Insider Transactions at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the sale, the director now directly owns 2,681 shares of the company’s stock, valued at $99,518.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC boosted its holdings in Napco Security Technologies by 3.8% during the second quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 189 shares during the last quarter. Epic Trust Investment Advisors LLC boosted its stake in Napco Security Technologies by 3.0% in the second quarter. Epic Trust Investment Advisors LLC now owns 9,678 shares of the industrial products company’s stock valued at $503,000 after acquiring an additional 279 shares during the last quarter. Quarry LP boosted its stake in Napco Security Technologies by 91.2% in the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 312 shares during the last quarter. CWM LLC boosted its stake in Napco Security Technologies by 14.8% in the second quarter. CWM LLC now owns 2,761 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 356 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Napco Security Technologies by 18.9% in the third quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 400 shares during the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

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.