TD Cowen Has Lowered Expectations for Napco Security Technologies (NASDAQ:NSSC) Stock Price

Napco Security Technologies (NASDAQ:NSSC - Free Report) had its price objective cut by TD Cowen from $60.00 to $46.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the industrial products company's stock.

NSSC has been the topic of a number of other research reports. Craig Hallum dropped their price objective on Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday. DA Davidson upped their price objective on Napco Security Technologies from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, August 27th. Needham & Company LLC upped their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, August 27th. Finally, Lake Street Capital reiterated a "buy" rating and set a $60.00 target price on shares of Napco Security Technologies in a research report on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $47.14.

Napco Security Technologies Price Performance

Shares of NASDAQ:NSSC traded up $1.40 during trading on Tuesday, reaching $35.91. The company had a trading volume of 762,717 shares, compared to its average volume of 458,283. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 26.80 and a beta of 1.64. The stock's fifty day moving average price is $40.07 and its 200 day moving average price is $46.85. Napco Security Technologies has a fifty-two week low of $21.31 and a fifty-two week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last released its earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.05). The company had revenue of $44.00 million during the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS. On average, equities analysts anticipate that Napco Security Technologies will post 1.85 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th will be given 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 1.39%. Napco Security Technologies's payout ratio is 37.31%.

Insider Activity

In other news, Director Paul Stephen Beeber sold 708 shares of the company's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the sale, the director now directly owns 2,681 shares in the company, valued at $99,518.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.24% of the company's stock.

Hedge Funds Weigh In On Napco Security Technologies

Several large investors have recently added to or reduced their stakes in NSSC. Vaughan Nelson Investment Management L.P. purchased a new position in Napco Security Technologies during the second quarter worth about $31,504,000. Copeland Capital Management LLC lifted its position in Napco Security Technologies by 108.6% during the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company's stock worth $42,003,000 after buying an additional 540,436 shares during the period. F M Investments LLC purchased a new position in Napco Security Technologies during the second quarter worth about $15,109,000. Emerald Advisers LLC lifted its position in Napco Security Technologies by 118.3% during the second quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company's stock worth $25,382,000 after buying an additional 264,789 shares during the period. Finally, Emerald Mutual Fund Advisers Trust lifted its position in Napco Security Technologies by 170.8% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 399,936 shares of the industrial products company's stock worth $20,777,000 after buying an additional 252,252 shares during the period. 85.07% of the stock is currently 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.