Napco Security Technologies (NASDAQ:NSSC) Sets New 52-Week Low – What’s Next?

Napco Security Technologies, Inc. (NASDAQ:NSSC) reached a new 52-week low during trading on Friday . The company traded as low as $23.84 and last traded at $24.25, with a volume of 11933 shares trading hands. The stock had previously closed at $24.26.

Analyst Upgrades and Downgrades

NSSC has been the subject of a number of research analyst reports. Craig Hallum downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a research report on Tuesday, February 4th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Lake Street Capital set a $30.00 target price on Napco Security Technologies and gave the company a “buy” rating in a research note on Tuesday, February 4th. Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Needham & Company LLC cut their price target on shares of Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Napco Security Technologies has a consensus rating of “Hold” and a consensus price target of $36.33.

Napco Security Technologies Trading Up 1.2 %

The stock has a fifty day moving average of $31.66 and a 200-day moving average of $37.81. The firm has a market capitalization of $894.01 million, a price-to-earnings ratio of 18.89 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last issued 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 during the quarter, compared to analysts’ expectations of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 EPS. As a group, equities research analysts forecast that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be issued 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 dividend yield of 2.04%. Napco Security Technologies’s dividend payout ratio is currently 38.46%.

Hedge Funds Weigh In On Napco Security Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in Napco Security Technologies by 72,300.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 723 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of Napco Security Technologies during the fourth quarter valued at $32,000. Caption Management LLC acquired a new position in Napco Security Technologies during the fourth quarter valued at $33,000. First Horizon Advisors Inc. lifted its stake in Napco Security Technologies by 109.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 579 shares in the last quarter. Finally, KBC Group NV lifted its stake in Napco Security Technologies by 61.4% in the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 424 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

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.