Lake Street Capital Cuts Napco Security Technologies (NASDAQ:NSSC) Price Target to $41.00

Napco Security Technologies (NASDAQ:NSSC) had its price target cut by Lake Street Capital from $60.00 to $41.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other equities analysts also recently weighed in on NSSC. Craig Hallum lowered their price target on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday. Needham & Company LLC boosted their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. TD Cowen reduced their price objective on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday. Finally, DA Davidson boosted their price objective on Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.14.

Napco Security Technologies Stock Performance

NASDAQ:NSSC opened at $38.22 on Tuesday. The stock’s 50-day simple moving average is $39.54 and its 200 day simple moving average is $46.70. The company has a market cap of $1.40 billion, a P/E ratio of 28.10 and a beta of 1.64. Napco Security Technologies has a 52-week low of $24.80 and a 52-week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results 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). The business had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a return on equity of 30.01% and a net margin of 26.43%. Napco Security Technologies’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. As a group, equities analysts predict that Napco Security Technologies will post 1.85 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

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

Insider Transactions at Napco Security Technologies

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 transaction of $26,280.96. Following the completion of the transaction, the director now directly owns 2,681 shares in the company, valued at approximately $99,518.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.24% of the company’s stock.

Institutional Trading of Napco Security Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. increased its holdings in Napco Security Technologies by 810.3% in the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 470 shares during the period. Quarry LP grew its holdings in Napco Security Technologies by 91.2% during the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 312 shares during the period. Whittier Trust Co. acquired a new stake in Napco Security Technologies during the 1st quarter worth about $28,000. Farther Finance Advisors LLC grew its holdings in Napco Security Technologies by 72,300.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 723 shares during the period. Finally, KBC Group NV grew its holdings in Napco Security Technologies by 61.4% during the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 424 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.