Napco Security Technologies (NASDAQ:NSSC) Shares Gap Down Following Weak Earnings

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) gapped down before the market opened on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $26.93, but opened at $26.00. Napco Security Technologies shares last traded at $26.12, with a volume of 213,035 shares trading hands.

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

Napco Security Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.94%. Napco Security Technologies's dividend payout ratio is 36.76%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NSSC. 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. Needham & Company LLC decreased their target price on shares of Napco Security Technologies from $52.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday. Lake Street Capital dropped 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 research report on Tuesday, November 5th. StockNews.com upgraded shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a research report on Tuesday, December 3rd. Finally, TD Cowen lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and dropped their target price for the company from $46.00 to $27.00 in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $38.17.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake in Napco Security Technologies by 30.8% in the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company's stock valued at $85,075,000 after purchasing an additional 494,988 shares in the last quarter. Copeland Capital Management LLC raised its stake in Napco Security Technologies by 15.1% during the 4th quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company's stock worth $42,481,000 after buying an additional 156,495 shares during the period. Geode Capital Management LLC boosted its holdings in Napco Security Technologies by 14.3% in the third quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company's stock worth $38,809,000 after acquiring an additional 120,304 shares in the last quarter. State Street Corp grew its stake in Napco Security Technologies by 2.2% in the third quarter. State Street Corp now owns 783,327 shares of the industrial products company's stock valued at $31,790,000 after acquiring an additional 16,931 shares during the period. Finally, Emerald Advisers LLC increased its holdings in shares of Napco Security Technologies by 4.0% during the third quarter. Emerald Advisers LLC now owns 508,257 shares of the industrial products company's stock valued at $20,564,000 after acquiring an additional 19,674 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Napco Security Technologies Stock Down 3.2 %

The business has a 50-day moving average price of $35.67 and a two-hundred day moving average price of $40.79. The company has a market capitalization of $943.78 million, a price-to-earnings ratio of 18.92 and a beta of 1.64.

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.