Napco Security Technologies (NASDAQ:NSSC) Shares Gap Down - Here's Why

Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $38.59, but opened at $33.00. Napco Security Technologies shares last traded at $32.89, with a volume of 198,962 shares.

Analysts Set New Price Targets

A number of research firms have recently commented on NSSC. Needham & Company LLC lifted their target price on Napco Security Technologies from $52.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, August 27th. DA Davidson boosted their price objective on Napco Security Technologies from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, August 27th. Finally, Lake Street Capital restated a "buy" rating and set a $60.00 price target on shares of Napco Security Technologies in a research note on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $55.29.

Napco Security Technologies Price Performance

The company has a fifty day moving average price of $40.32 and a 200 day moving average price of $46.89. The company has a market cap of $1.27 billion, a PE ratio of 25.66 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. The company had revenue of $50.33 million for the quarter, compared to analysts' expectations of $50.18 million. During the same period last year, the firm posted $0.28 EPS. As a group, sell-side analysts predict that Napco Security Technologies, Inc. will post 1.85 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.45%. Napco Security Technologies's payout ratio is presently 37.31%.

Insider Buying and Selling at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the sale, the director now owns 2,681 shares of the company's stock, valued at approximately $99,518.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.54% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NSSC. Norden Group LLC bought a new position in Napco Security Technologies in the first quarter worth about $565,000. BNP Paribas Financial Markets raised its position in shares of Napco Security Technologies by 446.9% in the 1st quarter. BNP Paribas Financial Markets now owns 148,443 shares of the industrial products company's stock worth $5,961,000 after acquiring an additional 121,299 shares in the last quarter. Whittier Trust Co. purchased a new position in shares of Napco Security Technologies in the 1st quarter valued at approximately $28,000. RiverPark Advisors LLC boosted its position in shares of Napco Security Technologies by 361.3% during the first quarter. RiverPark Advisors LLC now owns 7,709 shares of the industrial products company's stock valued at $310,000 after purchasing an additional 6,038 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Napco Security Technologies in the first quarter worth $234,000. Institutional investors own 85.07% of the company's stock.

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.