Lake Street Capital Issues Pessimistic Forecast for Napco Security Technologies (NASDAQ:NSSC) Stock Price

Napco Security Technologies (NASDAQ:NSSC - Free Report) had its price objective lowered by Lake Street Capital from $30.00 to $28.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the industrial products company's stock.

Several other research analysts have also commented on NSSC. Needham & Company LLC reduced their price target on Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Friday, March 21st. TD Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and reduced their target price for the stock from $46.00 to $27.00 in a research note on Tuesday, February 4th. StockNews.com raised shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a research note on Tuesday, December 3rd. Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Craig Hallum lowered Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price objective for the company. in a research report on Tuesday, February 4th. Five 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, Napco Security Technologies presently has an average rating of "Hold" and a consensus price target of $35.50.

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Napco Security Technologies Price Performance

NSSC traded down $0.24 on Tuesday, reaching $23.10. 511,258 shares of the company's stock were exchanged, compared to its average volume of 492,236. The stock has a market cap of $840.86 million, a PE ratio of 17.77 and a beta of 1.59. Napco Security Technologies has a twelve month low of $22.62 and a twelve month high of $58.09. The stock's fifty day moving average price is $27.15 and its 200-day moving average price is $34.28.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly 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). 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 analysts' expectations of $49.93 million. During the same quarter 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. As a group, research analysts predict that Napco Security Technologies will post 1.24 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 2.16%. Napco Security Technologies's dividend payout ratio (DPR) is presently 38.46%.

Institutional Inflows and Outflows

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

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.