Napco Security Technologies (NASDAQ:NSSC) Price Target Cut to $37.00 by Analysts at Needham & Company LLC

Napco Security Technologies (NASDAQ:NSSC) had its price objective trimmed by Needham & Company LLC from $40.00 to $37.00 in a research note published on Friday, Marketbeat.com reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Other analysts also recently issued reports about the stock. Lake Street Capital set a $30.00 price target on shares of Napco Security Technologies and gave the company a “buy” rating in a report on Tuesday, February 4th. TD Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and reduced their price target for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Craig Hallum cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Napco Security Technologies presently has a consensus rating of “Hold” and a consensus target price of $35.83.

Napco Security Technologies Trading Down 1.2 %

NASDAQ NSSC opened at $23.94 on Friday. The company has a fifty day simple moving average of $28.20 and a 200 day simple moving average of $34.66. The company has a market cap of $871.44 million, a P/E ratio of 18.42 and a beta of 1.59. Napco Security Technologies has a 1 year low of $23.00 and a 1 year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The company had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. During the same period last year, the company earned $0.34 earnings per share. Napco Security Technologies’s revenue for the quarter was down 9.3% on a year-over-year basis. Equities research analysts forecast that Napco Security Technologies will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders 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 dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio is 38.46%.

Hedge Funds Weigh In On Napco Security Technologies

A number of hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans acquired a new stake in shares of Napco Security Technologies during the 3rd quarter worth about $2,644,000. State Street Corp increased its position in shares of Napco Security Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock worth $31,790,000 after purchasing an additional 16,931 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Napco Security Technologies during the 3rd quarter worth about $672,000. Barclays PLC increased its position in shares of Napco Security Technologies by 266.0% during the 3rd quarter. Barclays PLC now owns 62,085 shares of the industrial products company’s stock worth $2,511,000 after purchasing an additional 45,122 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in shares of Napco Security Technologies during the 3rd quarter worth about $1,475,000. 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.