Napco Security Technologies (NASDAQ:NSSC) Price Target Lowered to $28.00 at Lake Street Capital

Napco Security Technologies (NASDAQ:NSSC) had its price objective reduced by Lake Street Capital from $30.00 to $28.00 in a research note issued to investors 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 lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a research note on Tuesday, February 4th. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen lowered Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their price target for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Finally, Needham & Company LLC decreased their price objective on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, March 21st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.50.

Napco Security Technologies Stock Down 1.4 %

Shares of NASDAQ NSSC opened at $24.27 on Tuesday. Napco Security Technologies has a fifty-two week low of $23.00 and a fifty-two week high of $58.09. The business has a 50 day moving average price of $27.83 and a two-hundred day moving average price of $34.52. The firm has a market cap of $883.45 million, a PE ratio of 18.67 and a beta of 1.59.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates 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%. The firm’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 EPS. On average, analysts anticipate that Napco Security Technologies will post 1.24 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors 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 2.06%. Napco Security Technologies’s dividend payout ratio is currently 38.46%.

Institutional Investors Weigh In On Napco Security Technologies

Several large investors have recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC bought a new position in shares of Napco Security Technologies during the fourth quarter worth about $32,000. Caption Management LLC bought a new position in Napco Security Technologies in the 4th quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Napco Security Technologies in the fourth quarter valued at approximately $53,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Napco Security Technologies during the fourth quarter valued at approximately $54,000. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of Napco Security Technologies during the fourth quarter valued at approximately $63,000. 85.07% of the stock is 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.