NAPCO Security Technologies (NASDAQ:NSSC) Shares Down 5.7% – Here’s What Happened

NAPCO Security Technologies, Inc. (NASDAQ:NSSC)’s share price fell 5.7% during trading on Friday . The company traded as low as $26.91 and last traded at $26.78. 135,209 shares traded hands during trading, a decline of 73% from the average session volume of 500,844 shares. The stock had previously closed at $28.39.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NSSC. Needham & Company LLC dropped their price objective on NAPCO Security Technologies from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. Lake Street Capital set a $26.00 price objective on NAPCO Security Technologies in a research report on Monday, May 5th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, NAPCO Security Technologies has a consensus rating of “Hold” and a consensus target price of $32.20.

NAPCO Security Technologies Stock Performance

The company has a market cap of $975.30 million, a PE ratio of 22.42 and a beta of 1.44. The firm has a fifty day simple moving average of $26.15 and a 200 day simple moving average of $28.32.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $43.96 million during the quarter, compared to analysts’ expectations of $45.11 million. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%. The firm’s revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. As a group, equities analysts predict that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th will be issued a $0.14 dividend. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.56 annualized dividend and a yield of 2.05%. NAPCO Security Technologies’s payout ratio is 45.90%.

Institutional Trading of NAPCO Security Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSSC. Rhumbline Advisers grew its holdings in shares of NAPCO Security Technologies by 1.8% during the 1st quarter. Rhumbline Advisers now owns 50,446 shares of the industrial products company’s stock worth $1,161,000 after purchasing an additional 879 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of NAPCO Security Technologies during the 1st quarter worth about $91,000. Jane Street Group LLC grew its holdings in shares of NAPCO Security Technologies by 351.7% during the 1st quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock worth $2,261,000 after purchasing an additional 76,478 shares during the period. Voleon Capital Management LP grew its holdings in shares of NAPCO Security Technologies by 759.2% during the 1st quarter. Voleon Capital Management LP now owns 95,848 shares of the industrial products company’s stock worth $2,206,000 after purchasing an additional 84,692 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of NAPCO Security Technologies by 75.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock worth $13,565,000 after purchasing an additional 254,007 shares during the period. Hedge funds and other 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.