Napco Security Technologies (NASDAQ:NSSC) Shares Down 4.4% on Analyst Downgrade

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) dropped 4.4% during trading on Wednesday after Craig Hallum downgraded the stock from a buy rating to a hold rating. Craig Hallum now has a $28.00 price target on the stock. Napco Security Technologies traded as low as $24.90 and last traded at $25.26. Approximately 58,562 shares changed hands during trading, a decline of 90% from the average daily volume of 570,544 shares. The stock had previously closed at $26.42.

A number of other equities analysts have also recently commented on NSSC. TD Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $46.00 to $27.00 in a research note on Tuesday. Needham & Company LLC cut their target price on Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday. Lake Street Capital reduced their price target on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. DA Davidson dropped their price objective on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Napco Security Technologies has a consensus rating of “Hold” and a consensus target price of $39.14.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NSSC. The Manufacturers Life Insurance Company raised its holdings in shares of Napco Security Technologies by 6.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,501 shares of the industrial products company’s stock valued at $961,000 after purchasing an additional 1,042 shares in the last quarter. City Center Advisors LLC purchased a new position in Napco Security Technologies during the third quarter valued at approximately $258,000. CWM LLC raised its stake in Napco Security Technologies by 22.5% in the third quarter. CWM LLC now owns 3,383 shares of the industrial products company’s stock worth $137,000 after buying an additional 622 shares in the last quarter. Annex Advisory Services LLC lifted its holdings in Napco Security Technologies by 12.9% during the third quarter. Annex Advisory Services LLC now owns 303,805 shares of the industrial products company’s stock worth $12,292,000 after buying an additional 34,802 shares during the period. Finally, Shaker Investments LLC OH boosted its position in Napco Security Technologies by 46.7% during the 3rd quarter. Shaker Investments LLC OH now owns 35,215 shares of the industrial products company’s stock valued at $1,425,000 after acquiring an additional 11,203 shares in the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Napco Security Technologies Stock Performance

The firm has a market capitalization of $939.56 million, a PE ratio of 18.93 and a beta of 1.64. The stock has a fifty day moving average price of $36.19 and a 200-day moving average price of $40.99.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). The company had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $49.93 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. Napco Security Technologies’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. Research analysts expect that Napco Security Technologies, Inc. will post 1.55 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.95%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

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.