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

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

A number of other research firms have also recently issued reports on NSSC. DA Davidson raised their price objective on Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Lake Street Capital reiterated a “buy” rating and set a $60.00 target price on shares of Napco Security Technologies in a research note on Tuesday, September 17th. Finally, Needham & Company LLC increased their target price on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research note 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 stock. Based on data from MarketBeat.com, Napco Security Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $47.14.

Napco Security Technologies Stock Up 4.1 %

NSSC opened at $35.91 on Tuesday. Napco Security Technologies has a 12-month low of $21.31 and a 12-month high of $58.09. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 26.80 and a beta of 1.64. The business has a 50 day moving average of $39.86 and a 200-day moving average of $46.82.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. The business had revenue of $44.00 million during the quarter, compared to analyst estimates of $46.56 million. During the same period in the previous year, the business earned $0.28 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts expect that Napco Security Technologies will post 1.85 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.39%. 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 firm’s stock in a transaction 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 transaction, the director now owns 2,681 shares in the company, valued at $99,518.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.24% of the company’s stock.

Institutional Investors Weigh In On Napco Security Technologies

A number of large investors have recently modified their holdings of the business. GSA Capital Partners LLP acquired a new stake in shares of Napco Security Technologies in the 3rd quarter valued at $863,000. Meritage Portfolio Management boosted its holdings in shares of Napco Security Technologies by 11.5% in the 3rd quarter. Meritage Portfolio Management now owns 7,694 shares of the industrial products company’s stock valued at $311,000 after purchasing an additional 795 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Napco Security Technologies by 426.5% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company’s stock valued at $9,629,000 after purchasing an additional 192,790 shares in the last quarter. Olympiad Research LP boosted its holdings in shares of Napco Security Technologies by 118.6% in the 3rd quarter. Olympiad Research LP now owns 18,542 shares of the industrial products company’s stock valued at $750,000 after purchasing an additional 10,058 shares in the last quarter. Finally, Emerald Advisers LLC boosted its holdings in shares of Napco Security Technologies by 4.0% in the 3rd quarter. Emerald Advisers LLC now owns 508,257 shares of the industrial products company’s stock valued at $20,564,000 after purchasing an additional 19,674 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

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.