Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) shares reached a new 52-week low during trading on Thursday . The company traded as low as $22.25 and last traded at $22.89, with a volume of 263895 shares trading hands. The stock had previously closed at $22.67.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on NSSC. Needham & Company LLC decreased their price target on Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Lake Street Capital decreased their target price on Napco Security Technologies from $30.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. TD Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and lowered their target price for the company from $46.00 to $27.00 in a research note on Tuesday, February 4th. Craig Hallum downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price target on the stock. in a research note on Tuesday, February 4th. Finally, Cowen cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Napco Security Technologies presently has an average rating of "Hold" and a consensus target price of $35.50.
Read Our Latest Report on NSSC
Napco Security Technologies Price Performance
The firm has a fifty day moving average of $25.46 and a two-hundred day moving average of $33.50. The stock has a market capitalization of $737.48 million, a P/E ratio of 15.58 and a beta of 1.51.
Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. 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 25.94% and a return on equity of 27.65%. The business had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. During the same quarter in the prior year, the firm posted $0.34 EPS. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.
Napco Security Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 2.47%. Napco Security Technologies's dividend payout ratio (DPR) is presently 38.46%.
Institutional Investors Weigh In On Napco Security Technologies
A number of hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in Napco Security Technologies by 30.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 359,103 shares of the industrial products company's stock valued at $14,529,000 after purchasing an additional 83,871 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of Napco Security Technologies in the 3rd quarter worth approximately $330,000. HighTower Advisors LLC raised its stake in shares of Napco Security Technologies by 4.8% during the 3rd quarter. HighTower Advisors LLC now owns 139,725 shares of the industrial products company's stock worth $5,650,000 after acquiring an additional 6,393 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Napco Security Technologies during the third quarter valued at approximately $1,954,000. Finally, Point72 DIFC Ltd acquired a new stake in Napco Security Technologies in the third quarter valued at approximately $294,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.
About Napco Security Technologies
(
Get Free Report)
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.
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