Napco Security Technologies (NASDAQ:NSSC) Hits New 12-Month Low – Should You Sell?

Napco Security Technologies, Inc. (NASDAQ:NSSC)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $22.62 and last traded at $22.95, with a volume of 79603 shares. The stock had previously closed at $23.34.

Wall Street Analyst Weigh In

NSSC has been the subject of several recent research reports. Needham & Company LLC decreased their price objective on Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, March 21st. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Craig Hallum cut 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, February 4th. Finally, Lake Street Capital decreased their price objective on Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Napco Security Technologies has an average rating of “Hold” and an average target price of $35.50.

Napco Security Technologies Trading Down 1.4 %

The stock’s 50-day simple moving average is $27.39 and its 200-day simple moving average is $34.37. The firm has a market capitalization of $837.95 million, a P/E ratio of 17.72 and a beta of 1.59.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The business had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. 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 company earned $0.34 EPS. On average, equities research analysts expect that Napco Security Technologies, Inc. will post 1.24 EPS for the current year.

Napco Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a yield of 2.17%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 38.46%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NSSC. State Street Corp lifted 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 purchasing an additional 16,931 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Napco Security Technologies during the 3rd quarter valued at approximately $672,000. Barclays PLC boosted its holdings in Napco Security Technologies by 266.0% in the 3rd quarter. Barclays PLC now owns 62,085 shares of the industrial products company’s stock worth $2,511,000 after buying an additional 45,122 shares during the period. PDT Partners LLC bought a new position in shares of Napco Security Technologies in the third quarter worth $1,475,000. Finally, Truist Financial Corp boosted its position in shares of Napco Security Technologies by 4.4% in the fourth quarter. Truist Financial Corp now owns 27,420 shares of the industrial products company’s stock valued at $975,000 after acquiring an additional 1,168 shares during the period. 85.07% of the stock is owned by institutional investors.

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.