Napco Security Technologies (NASDAQ:NSSC) Downgraded by TD Cowen to Hold

TD Cowen cut shares of Napco Security Technologies (NASDAQ:NSSC - Free Report) from a buy rating to a hold rating in a report released on Tuesday morning, MarketBeat Ratings reports. They currently have $27.00 target price on the industrial products company's stock, down from their prior target price of $46.00.

Several other equities research analysts have also recently weighed in on NSSC. Craig Hallum cut their target price on Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC dropped their price objective on Napco Security Technologies from $52.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday. StockNews.com upgraded Napco Security Technologies from a "sell" rating to a "hold" rating in a research report on Tuesday, December 3rd. DA Davidson dropped 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 report on Tuesday, November 5th. Finally, Lake Street Capital reduced their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $38.17.

Napco Security Technologies Stock Performance

Shares of NASDAQ NSSC traded down $0.86 during mid-day trading on Tuesday, reaching $25.73. The company had a trading volume of 848,224 shares, compared to its average volume of 652,641. The firm has a market cap of $943.78 million, a price-to-earnings ratio of 18.92 and a beta of 1.64. The business's 50-day simple moving average is $35.67 and its 200 day simple moving average is $40.79. Napco Security Technologies has a one year low of $24.90 and a one year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last released its earnings results on Monday, February 3rd. The industrial products company reported $0.28 EPS 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 the consensus estimate of $49.93 million. During the same period in the prior year, the business earned $0.34 earnings per share. Napco Security Technologies's quarterly revenue was down 9.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Napco Security Technologies will post 1.55 EPS for the current year.

Napco Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies's dividend payout ratio (DPR) is currently 36.76%.

Hedge Funds Weigh In On Napco Security Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in shares of Napco Security Technologies by 6.0% during the second quarter. The Manufacturers Life Insurance Company now owns 18,501 shares of the industrial products company's stock worth $961,000 after acquiring an additional 1,042 shares during the last quarter. City Center Advisors LLC acquired a new stake in Napco Security Technologies during the 3rd quarter valued at approximately $258,000. CWM LLC increased its position in Napco Security Technologies by 22.5% during the 3rd quarter. CWM LLC now owns 3,383 shares of the industrial products company's stock valued at $137,000 after purchasing an additional 622 shares during the period. Annex Advisory Services LLC raised its holdings in Napco Security Technologies by 12.9% during the 3rd quarter. Annex Advisory Services LLC now owns 303,805 shares of the industrial products company's stock worth $12,292,000 after purchasing an additional 34,802 shares during the last quarter. Finally, Shaker Investments LLC OH lifted its position in shares of Napco Security Technologies by 46.7% in the 3rd quarter. Shaker Investments LLC OH now owns 35,215 shares of the industrial products company's stock worth $1,425,000 after purchasing an additional 11,203 shares during the period. 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.