Needham & Company LLC Issues Pessimistic Forecast for Napco Security Technologies (NASDAQ:NSSC) Stock Price

Napco Security Technologies (NASDAQ:NSSC - Free Report) had its target price decreased by Needham & Company LLC from $40.00 to $37.00 in a research report sent to investors on Friday, Marketbeat Ratings reports. Needham & Company LLC currently has a buy rating on the industrial products company's stock.

A number of other research firms have also recently weighed in on NSSC. Lake Street Capital set a $30.00 price target on Napco Security Technologies and gave the stock a "buy" rating in a report on Tuesday, February 4th. TD Cowen downgraded 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. Craig Hallum cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price target on the stock. in a research note on Tuesday, February 4th. Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, StockNews.com raised shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a report on Tuesday, December 3rd. Five investment 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, Napco Security Technologies has a consensus rating of "Hold" and a consensus price target of $35.83.

Remove Ads

Napco Security Technologies Trading Up 1.1 %

NSSC traded up $0.27 during midday trading on Friday, hitting $24.21. 171,396 shares of the company were exchanged, compared to its average volume of 566,978. The company's 50 day simple moving average is $28.20 and its 200 day simple moving average is $34.66. The firm has a market capitalization of $881.27 million, a price-to-earnings ratio of 18.62 and a beta of 1.59. Napco Security Technologies has a 1-year low of $23.00 and a 1-year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted 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). The company had revenue of $42.90 million for the quarter, compared to analyst estimates of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. During the same period last year, the business earned $0.34 earnings per share. The firm's revenue was down 9.3% on a year-over-year basis. On average, equities analysts anticipate that Napco Security Technologies will post 1.24 EPS for the current year.

Napco Security Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 2.07%. Napco Security Technologies's dividend payout ratio is presently 38.46%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP purchased a new stake in shares of Napco Security Technologies in the fourth quarter valued at approximately $10,427,000. Mpwm Advisory Solutions LLC purchased a new stake in Napco Security Technologies in the 4th quarter valued at $54,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 buying an additional 5,523 shares in the last quarter. Voloridge Investment Management LLC increased its stake in shares of 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 last quarter. Finally, Visionary Wealth Advisors raised its holdings in shares of Napco Security Technologies by 19.5% during the 4th quarter. Visionary Wealth Advisors now owns 326,193 shares of the industrial products company's stock worth $11,599,000 after acquiring an additional 53,295 shares during the period. 85.07% of the stock is owned by hedge funds and other institutional investors.

Napco Security Technologies Company Profile

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.