Napco Security Technologies (NASDAQ:NSSC) Given New $28.00 Price Target at Lake Street Capital

Napco Security Technologies (NASDAQ:NSSC) had its price objective cut by Lake Street Capital from $30.00 to $28.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other research analysts have also weighed in on NSSC. Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Craig Hallum downgraded 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. Needham & Company LLC decreased their target price on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Finally, TD Cowen lowered 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 report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $35.50.

Napco Security Technologies Stock Performance

Napco Security Technologies stock opened at $24.27 on Tuesday. Napco Security Technologies has a fifty-two week low of $23.00 and a fifty-two week high of $58.09. The company has a market capitalization of $883.45 million, a price-to-earnings ratio of 18.67 and a beta of 1.59. The stock has a fifty day moving average of $27.83 and a two-hundred day moving average of $34.52.

Napco Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The firm 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 25.94% and a return on equity of 27.65%. 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 company posted $0.34 earnings per share. On average, 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 announced 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 2.06%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio is presently 38.46%.

Institutional Trading of Napco Security Technologies

Institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new position in shares of Napco Security Technologies during the fourth quarter worth about $10,427,000. Mpwm Advisory Solutions LLC acquired a new position in Napco Security Technologies during the 4th quarter worth approximately $54,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Napco Security Technologies by 9.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,459 shares of the industrial products company’s stock worth $2,363,000 after acquiring an additional 5,523 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in Napco Security Technologies by 11.9% in the 4th quarter. Voloridge Investment Management LLC now owns 309,821 shares of the industrial products company’s stock worth $11,017,000 after acquiring an additional 32,839 shares during the period. Finally, Visionary Wealth Advisors grew its position in Napco Security Technologies by 19.5% in the fourth quarter. Visionary Wealth Advisors now owns 326,193 shares of the industrial products company’s stock valued at $11,599,000 after acquiring an additional 53,295 shares in the last quarter. 85.07% of the stock is 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.