Napco Security Technologies (NASDAQ:NSSC) Shares Gap Down – What’s Next?

Napco Security Technologies, Inc. (NASDAQ:NSSC) gapped down before the market opened on Monday . The stock had previously closed at $38.59, but opened at $33.00. Napco Security Technologies shares last traded at $32.89, with a volume of 198,962 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Needham & Company LLC upped their price target on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. DA Davidson raised their target price on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $60.00 price target on shares of Napco Security Technologies in a report on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.29.

Napco Security Technologies Trading Down 7.1 %

The company’s 50 day moving average is $40.32 and its 200 day moving average is $46.89. The company has a market cap of $1.32 billion, a PE ratio of 25.41 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. The business had revenue of $50.33 million during the quarter, compared to analyst estimates of $50.18 million. During the same period in the previous year, the company posted $0.28 EPS. Analysts expect that Napco Security Technologies, Inc. will post 1.85 EPS for the current year.

Napco Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.39%. Napco Security Technologies’s payout ratio is presently 37.31%.

Insider Buying and Selling at Napco Security Technologies

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 transaction of $26,280.96. Following the transaction, the director now directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Napco Security Technologies

Institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. increased its holdings in Napco Security Technologies by 810.3% in the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $27,000 after buying an additional 470 shares in the last quarter. Whittier Trust Co. acquired a new stake in Napco Security Technologies in the first quarter valued at approximately $28,000. Farther Finance Advisors LLC increased its position in shares of Napco Security Technologies by 72,300.0% in the third quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after buying an additional 723 shares in the last quarter. Quarry LP increased its holdings in Napco Security Technologies by 91.2% in the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 312 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Napco Security Technologies during the first quarter valued at $46,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

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.