Napco Security Technologies, Inc. (NASDAQ:NSSC) Short Interest Update

Napco Security Technologies, Inc. (NASDAQ:NSSC) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 2,180,000 shares, a decrease of 21.9% from the January 31st total of 2,790,000 shares. Based on an average daily trading volume, of 482,300 shares, the short-interest ratio is currently 4.5 days.

Napco Security Technologies Price Performance

Shares of NSSC stock traded up $0.59 during midday trading on Thursday, hitting $24.93. The company had a trading volume of 325,044 shares, compared to its average volume of 599,250. The stock has a market cap of $907.29 million, a price-to-earnings ratio of 19.17 and a beta of 1.64. The company’s 50 day simple moving average is $30.71 and its 200 day simple moving average is $36.84. Napco Security Technologies has a 52-week low of $23.00 and a 52-week high of $58.09.

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 analysts’ consensus estimates of $0.34 by ($0.06). The firm had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $49.93 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. Analysts anticipate that Napco Security Technologies will post 1.24 EPS for the current year.

Napco Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 2.01%. Napco Security Technologies’s dividend payout ratio is currently 38.46%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NSSC shares. Needham & Company LLC reduced 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 research report on Tuesday, February 4th. Cowen cut Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Craig Hallum cut 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. Lake Street Capital set a $30.00 price target on Napco Security Technologies and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Napco Security Technologies presently has an average rating of “Hold” and an average target price of $36.33.

Institutional Investors Weigh In On Napco Security Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. KBC Group NV lifted its holdings in shares of 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 valued at $45,000 after buying an additional 424 shares during the period. Wells Fargo & Company MN raised its position in Napco Security Technologies by 0.7% in the fourth quarter. Wells Fargo & Company MN now owns 62,007 shares of the industrial products company’s stock worth $2,205,000 after acquiring an additional 437 shares in the last quarter. US Bancorp DE lifted its holdings in Napco Security Technologies by 9.1% in the third quarter. US Bancorp DE now owns 5,329 shares of the industrial products company’s stock valued at $216,000 after acquiring an additional 443 shares during the period. Truvestments Capital LLC boosted its position in shares of Napco Security Technologies by 6.7% during the 4th quarter. Truvestments Capital LLC now owns 7,009 shares of the industrial products company’s stock worth $249,000 after purchasing an additional 443 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Napco Security Technologies by 1.4% during the 4th quarter. Invesco Ltd. now owns 35,737 shares of the industrial products company’s stock worth $1,271,000 after purchasing an additional 477 shares during the period. 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.