NAPCO Security Technologies (NASDAQ:NSSC) Trading Down 4.1% – What’s Next?

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSCGet Free Report) dropped 4.1% on Thursday . The company traded as low as $34.23 and last traded at $34.2620. Approximately 191,257 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 490,578 shares. The stock had previously closed at $35.73.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NSSC shares. Weiss Ratings restated a “hold (c)” rating on shares of NAPCO Security Technologies in a research note on Friday, August 7th. Benchmark reiterated a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday. Wall Street Zen downgraded shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. TD Cowen reissued a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $49.00 target price on shares of NAPCO Security Technologies in a research 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $50.40.

Get Our Latest Analysis on NSSC

NAPCO Security Technologies Stock Performance

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

NAPCO Security Technologies (NASDAQ:NSSCGet Free Report) last released its 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 net margin of 21.27% and a return on equity of 31.41%. The company had revenue of $55.81 million during the quarter, compared to analyst estimates of $52.51 million. During the same period in the prior year, the firm posted $0.33 EPS. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts predict 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 declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a $0.17 dividend. The ex-dividend date is Friday, September 11th. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. NAPCO Security Technologies’s dividend payout ratio (DPR) is currently 57.69%.

Institutional Trading of NAPCO Security Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of NSSC. BlackRock Inc. purchased a new stake in shares of NAPCO Security Technologies during the second quarter worth about $213,928,000. Jupiter Topco LLC purchased a new position in NAPCO Security Technologies in the 2nd quarter worth approximately $63,855,000. California State Teachers Retirement System grew its holdings in NAPCO Security Technologies by 2,978.8% during the 2nd quarter. California State Teachers Retirement System now owns 1,493,108 shares of the industrial products company’s stock valued at $56,708,000 after buying an additional 1,444,612 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of NAPCO Security Technologies by 668.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock valued at $36,986,000 after buying an additional 749,065 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in shares of NAPCO Security Technologies by 41.4% in the first quarter. Copeland Capital Management LLC now owns 2,009,089 shares of the industrial products company’s stock worth $79,138,000 after buying an additional 588,297 shares in the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

NAPCO Security Technologies Company Profile

(Get Free Report)

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.

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