Napco Security Technologies (NASDAQ:NSSC) Reaches New 12-Month Low Following Weak Earnings

Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) hit a new 52-week low during mid-day trading on Monday following a weaker than expected earnings announcement. The company traded as low as $27.49 and last traded at $27.78, with a volume of 19472 shares. The stock had previously closed at $36.70.

The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The company had revenue of $42.90 million for the quarter, compared to analysts' expectations of $49.93 million. During the same period in the prior year, the company earned $0.34 earnings per share. The firm's revenue was down 9.3% on a year-over-year basis.

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders 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 1.88%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies's payout ratio is 36.76%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Lake Street Capital dropped their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. StockNews.com upgraded Napco Security Technologies from a "sell" rating to a "hold" rating in a research note on Tuesday, December 3rd. TD Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and cut their target price for the company from $46.00 to $27.00 in a research note on Tuesday. DA Davidson decreased their price target on Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Finally, Craig Hallum cut Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price objective on the stock. in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $39.14.

Hedge Funds Weigh In On Napco Security Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of NSSC. Farther Finance Advisors LLC increased its holdings in shares of Napco Security Technologies by 72,300.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company's stock worth $29,000 after acquiring an additional 723 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Napco Security Technologies by 109.7% in the third quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 579 shares during the period. KBC Group NV increased its stake in shares of Napco Security Technologies by 61.4% in the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 424 shares during the period. Huntington National Bank boosted its position in shares of Napco Security Technologies by 54.7% during the third quarter. Huntington National Bank now owns 1,777 shares of the industrial products company's stock worth $72,000 after buying an additional 628 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of Napco Security Technologies during the fourth quarter worth approximately $86,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Stock Performance

The firm has a market capitalization of $975.32 million, a P/E ratio of 19.55 and a beta of 1.64. The business has a fifty day moving average of $35.67 and a 200-day moving average of $40.79.

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.