NAPCO Security Technologies (NASDAQ:NSSC) Stock Price Down 5.7% - Here's What Happened

NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) fell 5.7% on Friday . The stock traded as low as $26.91 and last traded at $26.78. 135,209 shares changed 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 Ratings Changes

Several analysts have issued reports on the company. Needham & Company LLC lowered their target price on NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Lake Street Capital set a $26.00 price objective on NAPCO Security Technologies in a research note on Monday, May 5th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, NAPCO Security Technologies has a consensus rating of "Hold" and a consensus price target of $32.20.

NAPCO Security Technologies Stock Performance

The firm has a market cap of $983.86 million, a P/E ratio of 22.61 and a beta of 1.44. The firm has a 50 day simple moving average of $26.15 and a 200 day simple moving average of $28.24.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The company had revenue of $43.96 million during the quarter, compared to analyst estimates of $45.11 million. NAPCO Security Technologies had a net margin of 25.00% and a return on equity of 26.14%. NAPCO Security Technologies's revenue was down 10.8% compared to the same quarter last year. During the same period last year, the business earned $0.37 earnings per share. Sell-side analysts predict that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The company 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 represents a $0.56 annualized dividend and a yield of 2.03%. This is an increase from NAPCO Security Technologies's previous quarterly dividend of $0.13. The ex-dividend date is Thursday, June 12th. NAPCO Security Technologies's dividend payout ratio (DPR) is presently 45.90%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NSSC. GAMMA Investing LLC boosted its stake in NAPCO Security Technologies by 227.2% during the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock valued at $25,000 after buying an additional 768 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of NAPCO Security Technologies in the 4th quarter valued at about $32,000. Caption Management LLC bought a new stake in shares of NAPCO Security Technologies during the 4th quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of NAPCO Security Technologies during the fourth quarter worth about $53,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of NAPCO Security Technologies during the fourth quarter worth about $54,000. Institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Company Profile

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.