Needham & Company LLC Cuts Napco Security Technologies (NASDAQ:NSSC) Price Target to $40.00

Napco Security Technologies (NASDAQ:NSSC) had its target price reduced by Needham & Company LLC from $52.00 to $40.00 in a research note issued to investors on Tuesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the industrial products company’s stock.

A number of other equities analysts also recently commented on the stock. DA Davidson lowered their target price on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. TD Cowen lowered their price objective on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Craig Hallum cut their target price on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Lake Street Capital cut their price objective on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $38.17.

Napco Security Technologies Price Performance

NSSC stock opened at $26.59 on Tuesday. The business’s 50-day moving average is $35.67 and its two-hundred day moving average is $40.79. The firm has a market capitalization of $975.32 million, a P/E ratio of 19.55 and a beta of 1.64. Napco Security Technologies has a 1 year low of $24.90 and a 1 year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued 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 during the quarter, compared to analyst estimates of $49.93 million. During the same period last year, the business earned $0.34 EPS. The firm’s revenue was down 9.3% compared to the same quarter last year. On average, analysts expect that Napco Security Technologies will post 1.55 EPS for the current year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio is currently 36.76%.

Hedge Funds Weigh In On Napco Security Technologies

Hedge funds have recently modified their holdings of the business. Allworth Financial LP raised its position in Napco Security Technologies by 18.9% in the 3rd quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 400 shares during the last quarter. KBC Group NV raised its holdings in shares of Napco Security Technologies by 61.4% in the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock valued at $45,000 after buying an additional 424 shares during the last quarter. US Bancorp DE boosted its stake in shares of Napco Security Technologies by 9.1% during the third quarter. US Bancorp DE now owns 5,329 shares of the industrial products company’s stock worth $216,000 after buying an additional 443 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Napco Security Technologies by 109.7% during the third quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock worth $45,000 after buying an additional 579 shares during the last quarter. Finally, CWM LLC increased its position in Napco Security Technologies by 22.5% in the 3rd quarter. CWM LLC now owns 3,383 shares of the industrial products company’s stock valued at $137,000 after acquiring an additional 622 shares during the period. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

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.