Craig Hallum Cuts Napco Security Technologies (NASDAQ:NSSC) Price Target to $48.00

Napco Security Technologies (NASDAQ:NSSC) had its price target decreased by Craig Hallum from $65.00 to $48.00 in a research report released on Tuesday, Benzinga reports. Craig Hallum currently has a buy rating on the industrial products company’s stock.

Several other brokerages also recently commented on NSSC. DA Davidson lifted their target price on Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Lake Street Capital reaffirmed a “buy” rating and set a $60.00 target price on shares of Napco Security Technologies in a report on Tuesday, September 17th. Finally, Needham & Company LLC lifted their target price on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. 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 MarketBeat, Napco Security Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $47.14.

Napco Security Technologies Stock Up 4.1 %

NASDAQ NSSC opened at $35.91 on Tuesday. Napco Security Technologies has a twelve month low of $21.31 and a twelve month high of $58.09. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 26.80 and a beta of 1.64. The business’s fifty day moving average is $39.86 and its 200 day moving average is $46.82.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). The company 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 30.51% and a net margin of 26.38%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, research analysts anticipate that Napco Security Technologies will post 1.85 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The firm also recently disclosed 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. This represents a $0.50 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio (DPR) is presently 37.31%.

Insiders Place Their Bets

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was 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 approximately $99,518.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.24% of the company’s stock.

Institutional Trading of Napco Security Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its stake 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 last quarter. Quarry LP lifted 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 purchasing an additional 312 shares during the last quarter. Whittier Trust Co. bought a new stake in Napco Security Technologies during the 1st quarter valued at $28,000. Farther Finance Advisors LLC raised 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 valued at $29,000 after acquiring an additional 723 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in Napco Security Technologies during the 1st quarter valued at $46,000. 85.07% of the stock is owned by 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.