Napco Security Technologies (NASDAQ:NSSC) Price Target Lowered to $48.00 at DA Davidson

Napco Security Technologies (NASDAQ:NSSC) had its target price decreased by DA Davidson from $55.00 to $48.00 in a research report sent to investors on Tuesday, Benzinga reports. DA Davidson currently has a buy rating on the industrial products company’s stock.

NSSC has been the subject of several other research reports. Craig Hallum reduced their target price 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. TD Cowen dropped their price target 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. Lake Street Capital dropped 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. Finally, Needham & Company LLC raised their price target 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.14.

Napco Security Technologies Price Performance

Shares of Napco Security Technologies stock opened at $35.91 on Tuesday. The firm has a fifty day moving average price of $39.86 and a 200 day moving average price of $46.82. Napco Security Technologies has a 1 year low of $21.31 and a 1 year high of $58.09. The stock has a market cap of $1.32 billion, a PE ratio of 26.80 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 return on equity of 30.51% and a net margin of 26.38%. The business had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $46.56 million. During the same period last year, the business earned $0.28 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Napco Security Technologies will post 1.85 EPS for the current year.

Napco Security Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be given a $0.125 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.39%. Napco Security Technologies’s dividend payout ratio (DPR) is 37.31%.

Insider Activity

In other news, Director Paul Stephen Beeber sold 708 shares of Napco Security Technologies 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 sale, the director now owns 2,681 shares in the company, valued at $99,518.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.24% of the company’s stock.

Hedge Funds Weigh In On Napco Security Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Napco Security Technologies by 4.2% during the first quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock worth $102,654,000 after acquiring an additional 102,010 shares during the last quarter. Copeland Capital Management LLC boosted its position in Napco Security Technologies by 108.6% during the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock worth $42,003,000 after acquiring an additional 540,436 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Napco Security Technologies during the second quarter worth about $31,504,000. Emerald Advisers LLC boosted its position in Napco Security Technologies by 4.0% during the third quarter. Emerald Advisers LLC now owns 508,257 shares of the industrial products company’s stock worth $20,564,000 after acquiring an additional 19,674 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its position in Napco Security Technologies by 3.5% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 414,013 shares of the industrial products company’s stock worth $16,751,000 after acquiring an additional 14,077 shares during the last quarter. 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.