Napco Security Technologies (NASDAQ:NSSC) Hits New 12-Month Low – Here’s Why

Napco Security Technologies, Inc. (NASDAQ:NSSC) reached a new 52-week low on Friday . The stock traded as low as $24.86 and last traded at $24.80, with a volume of 125491 shares changing hands. The stock had previously closed at $25.11.

Analyst Ratings Changes

NSSC has been the topic of several analyst reports. Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Lake Street Capital set a $30.00 price objective on Napco Security Technologies and gave the company a “buy” rating in a research report on Tuesday, February 4th. Craig Hallum downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a research report on Tuesday, February 4th. TD Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Finally, DA Davidson cut their price objective on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $36.33.

Napco Security Technologies Stock Performance

The business has a 50 day moving average of $32.68 and a two-hundred day moving average of $38.49. The stock has a market capitalization of $901.29 million, a PE ratio of 19.05 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $49.93 million. During the same quarter last year, the business posted $0.34 earnings per share. The company’s quarterly revenue was down 9.3% compared to the same quarter last year. On average, equities analysts expect that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio is presently 38.46%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NSSC. Corient Private Wealth LLC increased its holdings in shares of Napco Security Technologies by 102.4% in the fourth quarter. Corient Private Wealth LLC now owns 18,104 shares of the industrial products company’s stock valued at $644,000 after purchasing an additional 768,629 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of Napco Security Technologies by 1,221.7% in the fourth quarter. Point72 Asset Management L.P. now owns 638,173 shares of the industrial products company’s stock valued at $22,693,000 after purchasing an additional 589,888 shares during the period. FMR LLC increased its holdings in shares of Napco Security Technologies by 30.8% in the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock valued at $85,075,000 after purchasing an additional 494,988 shares during the period. Wellington Management Group LLP acquired a new position in shares of Napco Security Technologies in the fourth quarter valued at about $10,427,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Napco Security Technologies by 318.6% in the fourth quarter. JPMorgan Chase & Co. now owns 283,812 shares of the industrial products company’s stock valued at $10,092,000 after purchasing an additional 216,017 shares during the period. 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.