Napco Security Technologies (NASDAQ:NSSC) Cut to “Hold” at TD Cowen

Napco Security Technologies (NASDAQ:NSSC) was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. They currently have a $27.00 price objective on the industrial products company’s stock, down from their previous price objective of $46.00. TD Cowen’s target price would suggest a potential upside of 0.26% from the company’s previous close.

Several other equities research analysts have also issued reports on NSSC. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Lake Street Capital lowered their price target on 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. Craig Hallum reduced 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. Needham & Company LLC decreased their target price on Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, DA Davidson cut their price target 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. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.14.

Napco Security Technologies Stock Down 26.6 %

Napco Security Technologies stock opened at $26.93 on Tuesday. The business’s 50-day moving average price is $36.46 and its 200 day moving average price is $41.18. The firm has a market cap of $987.79 million, a price-to-earnings ratio of 19.80 and a beta of 1.64. Napco Security Technologies has a 52 week low of $25.51 and a 52 week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $42.90 million for the quarter, compared to analysts’ expectations of $49.93 million. During the same period last year, the firm earned $0.34 earnings per share. Napco Security Technologies’s revenue for the quarter was down 9.3% compared to the same quarter last year. Equities analysts expect that Napco Security Technologies will post 1.55 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI acquired a new stake in shares of Napco Security Technologies in the fourth quarter valued at approximately $86,000. Rice Hall James & Associates LLC increased its stake in shares of Napco Security Technologies by 23.4% in the 4th quarter. Rice Hall James & Associates LLC now owns 196,472 shares of the industrial products company’s stock worth $6,987,000 after acquiring an additional 37,262 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its stake in shares of Napco Security Technologies by 15.5% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 274,970 shares of the industrial products company’s stock worth $9,778,000 after acquiring an additional 36,975 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Napco Security Technologies by 4.4% during the 4th quarter. Truist Financial Corp now owns 27,420 shares of the industrial products company’s stock worth $975,000 after acquiring an additional 1,168 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Napco Security Technologies by 9.3% in the fourth quarter. Principal Financial Group Inc. now owns 21,190 shares of the industrial products company’s stock valued at $754,000 after purchasing an additional 1,804 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

About Napco Security Technologies

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.