Napco Security Technologies (NASDAQ:NSSC) Raised to "Hold" at StockNews.com

StockNews.com upgraded shares of Napco Security Technologies (NASDAQ:NSSC - Free Report) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Several other brokerages have also recently issued reports on NSSC. Lake Street Capital reduced their price objective on 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. Needham & Company LLC lifted their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, August 27th. DA Davidson cut their target price on shares of Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Craig Hallum decreased their price target on shares of 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. Finally, TD Cowen dropped their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Napco Security Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $47.14.

Napco Security Technologies Trading Down 0.9 %

Napco Security Technologies stock traded down $0.34 during midday trading on Tuesday, hitting $39.61. 41,723 shares of the stock were exchanged, compared to its average volume of 450,396. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 29.13 and a beta of 1.62. The stock's 50-day simple moving average is $39.00 and its 200 day simple moving average is $46.09. Napco Security Technologies has a fifty-two week low of $31.14 and a fifty-two week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The business had revenue of $44.00 million during the quarter, compared to analysts' expectations of $46.56 million. During the same quarter in the prior year, the firm earned $0.28 EPS. Napco Security Technologies's revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Napco Security Technologies will post 1.49 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.26%. Napco Security Technologies's dividend payout ratio is presently 36.76%.

Insider Activity at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the sale, the director now owns 2,681 shares in the company, valued at $99,518.72. This trade represents a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Napco Security Technologies

A number of large investors have recently modified their holdings of the business. First Horizon Advisors Inc. boosted its holdings in Napco Security Technologies by 810.3% during the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company's stock worth $27,000 after buying an additional 470 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Napco Security Technologies by 72,300.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company's stock worth $29,000 after acquiring an additional 723 shares in the last quarter. Quarry LP grew its holdings in shares of Napco Security Technologies by 91.2% in the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company's stock worth $34,000 after acquiring an additional 312 shares during the period. KBC Group NV increased its stake in Napco Security Technologies by 61.4% in the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 424 shares in the last quarter. Finally, Huntington National Bank raised its holdings in Napco Security Technologies by 54.7% during the third quarter. Huntington National Bank now owns 1,777 shares of the industrial products company's stock worth $72,000 after purchasing an additional 628 shares during 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.