Napco Security Technologies (NASDAQ:NSSC) Hits New 1-Year Low – Should You Sell?

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

Analyst Ratings Changes

A number of research firms have recently commented on NSSC. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Needham & Company LLC dropped 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 report on Friday, March 21st. Finally, Lake Street Capital reduced their target price on shares of Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $35.50.

Napco Security Technologies Price Performance

The firm’s fifty day simple moving average is $27.15 and its 200 day simple moving average is $34.27. The company has a market capitalization of $840.86 million, a price-to-earnings ratio of 17.77 and a beta of 1.59.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data 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 firm had revenue of $42.90 million for 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 earnings per share. 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 firm also recently declared 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 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, March 12th. Napco Security Technologies’s payout ratio is 38.46%.

Institutional Investors Weigh In On Napco Security Technologies

Institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC lifted its position 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 worth $644,000 after purchasing an additional 768,629 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Napco Security Technologies by 1,221.7% in the 4th quarter. Point72 Asset Management L.P. now owns 638,173 shares of the industrial products company’s stock worth $22,693,000 after buying an additional 589,888 shares in the last quarter. FMR LLC boosted its stake in shares of Napco Security Technologies by 30.8% during the 3rd quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock valued at $85,075,000 after buying an additional 494,988 shares during the period. Wellington Management Group LLP purchased a new position in shares of Napco Security Technologies during the 4th quarter valued at $10,427,000. Finally, JPMorgan Chase & Co. increased its stake 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 worth $10,092,000 after acquiring an additional 216,017 shares during the last quarter. 85.07% of the stock is currently 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.