Napco Security Technologies, Inc. Declares Quarterly Dividend of $0.13 (NASDAQ:NSSC)

Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Investors of record on Wednesday, March 12th will be given a dividend of 0.125 per share by the industrial products company on Thursday, April 3rd. This represents a $0.50 annualized dividend and a yield of 1.94%. The ex-dividend date is Wednesday, March 12th.

Napco Security Technologies has a dividend payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Napco Security Technologies to earn $2.07 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 24.2%.

Napco Security Technologies Stock Down 3.2 %

Shares of NASDAQ NSSC traded down $0.86 on Friday, reaching $25.73. 848,224 shares of the company's stock traded hands, compared to its average volume of 705,740. The business's 50 day simple moving average is $35.40 and its two-hundred day simple moving average is $40.58. Napco Security Technologies has a 12 month low of $24.90 and a 12 month high of $58.09. The company has a market cap of $943.78 million, a price-to-earnings ratio of 19.79 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The company had revenue of $42.90 million for the quarter, compared to analysts' expectations of $49.93 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. Analysts forecast that Napco Security Technologies will post 1.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on NSSC shares. Craig Hallum downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price objective on the stock. in a research report on Tuesday. Lake Street Capital cut their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. TD Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $46.00 to $27.00 in a report on Tuesday. StockNews.com upgraded Napco Security Technologies from a "sell" rating to a "hold" rating in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC decreased their price target on Napco Security Technologies from $52.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $38.17.

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.