Napco Security Technologies (NASDAQ:NSSC) Reaches New 52-Week Low on Disappointing Earnings

Napco Security Technologies, Inc. (NASDAQ:NSSC)’s stock price reached a new 52-week low during mid-day trading on Monday after the company announced weaker than expected quarterly earnings. The stock traded as low as $27.49 and last traded at $27.78, with a volume of 19472 shares changing hands. The stock had previously closed at $36.70.

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

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 1.89%. Napco Security Technologies’s payout ratio is currently 36.76%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Lake Street Capital dropped their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reduced their price objective on Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday. TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $46.00 to $27.00 in a research report on Tuesday. Craig Hallum lowered 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 report on Tuesday. Finally, DA Davidson cut their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Napco Security Technologies has an average rating of “Hold” and an average price target of $39.14.

Institutional Trading of Napco Security Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in shares of Napco Security Technologies by 13.0% during the fourth quarter. Bank of New York Mellon Corp now owns 201,846 shares of the industrial products company’s stock worth $7,178,000 after purchasing an additional 23,149 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Napco Security Technologies during the fourth quarter valued at approximately $488,000. Arcadia Investment Management Corp MI purchased a new position in Napco Security Technologies in the 4th quarter worth approximately $86,000. Rice Hall James & Associates LLC increased its holdings in shares of Napco Security Technologies by 23.4% in the 4th quarter. Rice Hall James & Associates LLC now owns 196,472 shares of the industrial products company’s stock worth $6,987,000 after buying an additional 37,262 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its position in shares of Napco Security Technologies by 15.5% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 274,970 shares of the industrial products company’s stock valued at $9,778,000 after buying an additional 36,975 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Trading Down 1.9 %

The business’s fifty day moving average price is $36.19 and its 200-day moving average price is $40.99. The company has a market capitalization of $969.09 million, a P/E ratio of 19.43 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.