NAPCO Security Technologies (NASDAQ:NSSC) Stock Price Down 4.1% – Here’s What Happened

NAPCO Security Technologies, Inc. (NASDAQ:NSSC)’s share price traded down 4.1% during trading on Thursday . The company traded as low as $34.23 and last traded at $34.2620. Approximately 191,257 shares were traded during mid-day trading, a decline of 61% from the average session volume of 490,578 shares. The stock had previously closed at $35.73.

Analysts Set New Price Targets

A number of analysts recently issued reports on NSSC shares. Benchmark reiterated a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday. Wall Street Zen lowered shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. DA Davidson set a $52.00 price target on shares of NAPCO Security Technologies in a report on Tuesday. TD Cowen restated a “buy” rating and set a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 price target on shares of NAPCO Security Technologies in a report on Friday, August 21st. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, NAPCO Security Technologies has an average rating of “Moderate Buy” and an average price target of $50.40.

NAPCO Security Technologies Stock Down 4.1%

The stock has a 50-day simple moving average of $37.53 and a two-hundred day simple moving average of $39.90. The firm has a market cap of $1.23 billion, a PE ratio of 28.29 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.11. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The firm had revenue of $55.81 million during the quarter, compared to analyst estimates of $52.51 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue was up 10.1% compared to the same quarter last year. Research analysts expect that NAPCO Security Technologies, Inc. will post 1.66 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a $0.17 dividend. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 11th. NAPCO Security Technologies’s payout ratio is currently 57.69%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. IFP Advisors Inc grew its position in NAPCO Security Technologies by 193.3% in the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 377 shares during the period. ProShare Advisors LLC lifted its holdings in shares of NAPCO Security Technologies by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 6,313 shares of the industrial products company’s stock valued at $263,000 after buying an additional 407 shares during the period. Legal & General Group Plc lifted its holdings in shares of NAPCO Security Technologies by 1.0% during the 3rd quarter. Legal & General Group Plc now owns 43,937 shares of the industrial products company’s stock valued at $1,887,000 after buying an additional 430 shares during the period. Alliancebernstein L.P. boosted its stake in shares of NAPCO Security Technologies by 1.3% in the 3rd quarter. Alliancebernstein L.P. now owns 36,826 shares of the industrial products company’s stock worth $1,582,000 after buying an additional 474 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of NAPCO Security Technologies by 3.2% in the 1st quarter. Quantinno Capital Management LP now owns 19,464 shares of the industrial products company’s stock worth $767,000 after buying an additional 596 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.