Napco Security Technologies (NASDAQ:NSSC) Hits New 12-Month Low – Time to Sell?

Napco Security Technologies, Inc. (NASDAQ:NSSC)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $22.62 and last traded at $22.95, with a volume of 79603 shares traded. The stock had previously closed at $23.34.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NSSC shares. TD Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and reduced their target price for the company from $46.00 to $27.00 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 research note on Tuesday, February 4th. Needham & Company LLC lowered their target price on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Craig Hallum downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.50.

Napco Security Technologies Price Performance

The company has a market capitalization of $840.86 million, a P/E ratio of 17.77 and a beta of 1.59. The stock’s fifty day simple moving average is $27.15 and its 200-day simple moving average is $34.27.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.06). The business had revenue of $42.90 million for the quarter, compared to the consensus estimate of $49.93 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. Napco Security Technologies’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 EPS. On average, research analysts predict that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The business also recently announced 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. This represents a $0.50 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio (DPR) is currently 38.46%.

Institutional Trading of Napco Security Technologies

A number of hedge funds have recently bought and sold shares of NSSC. Intech Investment Management LLC acquired a new position in shares of Napco Security Technologies during the third quarter valued at about $634,000. Charles Schwab Investment Management Inc. increased its stake in Napco Security Technologies by 30.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 359,103 shares of the industrial products company’s stock valued at $14,529,000 after acquiring an additional 83,871 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Napco Security Technologies in the 3rd quarter valued at approximately $356,000. FMR LLC lifted its position 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 acquiring an additional 494,988 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Napco Security Technologies by 5.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 120,595 shares of the industrial products company’s stock worth $4,879,000 after purchasing an additional 6,394 shares in the last quarter. 85.07% of the stock is owned by 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.