Napco Security Technologies (NASDAQ:NSSC) Shares Down 4.4% on Analyst Downgrade

Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report)'s share price was down 4.4% during mid-day trading on Wednesday after Craig Hallum downgraded the stock from a buy rating to a hold rating. Craig Hallum now has a $28.00 price target on the stock. Napco Security Technologies traded as low as $24.90 and last traded at $25.26. Approximately 58,562 shares traded hands during trading, a decline of 90% from the average daily volume of 570,544 shares. The stock had previously closed at $26.42.

A number of other brokerages have also weighed in on NSSC. Needham & Company LLC lowered their target price on Napco Security Technologies from $52.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. DA Davidson dropped their price objective 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. TD Cowen cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating and reduced their price objective for the company from $46.00 to $27.00 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 research report on Tuesday, December 3rd. Finally, Lake Street Capital cut their price target on Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $38.17.

Institutional Trading of Napco Security Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Copeland Capital Management LLC grew its stake in Napco Security Technologies by 108.6% in the 3rd quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company's stock valued at $42,003,000 after purchasing an additional 540,436 shares during the period. FMR LLC boosted its holdings in shares of Napco Security Technologies by 30.8% in the 3rd quarter. FMR LLC now owns 2,102,688 shares of the industrial products company's stock worth $85,075,000 after buying an additional 494,988 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in Napco Security Technologies by 426.5% in the third quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company's stock valued at $9,629,000 after acquiring an additional 192,790 shares during the last quarter. Congress Asset Management Co. grew its position in shares of Napco Security Technologies by 94.4% during the 4th quarter. Congress Asset Management Co. now owns 279,670 shares of the industrial products company's stock valued at $9,945,000 after acquiring an additional 135,802 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Napco Security Technologies by 74.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 300,901 shares of the industrial products company's stock worth $12,174,000 after purchasing an additional 128,316 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Napco Security Technologies Trading Down 3.2 %

The business's fifty day moving average is $35.40 and its 200 day moving average is $40.58. The company has a market cap of $943.78 million, a P/E ratio of 19.79 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business's quarterly revenue was down 9.3% compared to the same quarter last year. As a group, research analysts expect that Napco Security Technologies, Inc. will post 1.55 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. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.94%. Napco Security Technologies's dividend payout ratio is presently 38.46%.

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.