NAPCO Security Technologies (NASDAQ:NSSC) Trading Down 5.7% - Time to Sell?

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

Analysts Set New Price Targets

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

NAPCO Security Technologies Price Performance

The firm has a market capitalization of $957.72 million, a price-to-earnings ratio of 21.97 and a beta of 1.44. The business's 50-day moving average price is $26.03 and its 200 day moving average price is $28.50.

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

NAPCO Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 12th will be issued a $0.14 dividend. The ex-dividend date is Thursday, June 12th. This is a boost from NAPCO Security Technologies's previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 2.09%. NAPCO Security Technologies's dividend payout ratio is currently 45.90%.

Hedge Funds Weigh In On NAPCO Security Technologies

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of NAPCO Security Technologies by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,901,671 shares of the industrial products company's stock worth $66,796,000 after acquiring an additional 52,020 shares in the last quarter. Copeland Capital Management LLC lifted its stake in NAPCO Security Technologies by 25.1% during the first quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock worth $34,390,000 after purchasing an additional 299,305 shares during the last quarter. Doma Perpetual Capital Management LLC boosted its holdings in NAPCO Security Technologies by 53.4% in the first quarter. Doma Perpetual Capital Management LLC now owns 1,175,655 shares of the industrial products company's stock worth $27,064,000 after purchasing an additional 409,123 shares during the period. Geode Capital Management LLC increased its stake in NAPCO Security Technologies by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 1,010,696 shares of the industrial products company's stock valued at $35,948,000 after purchasing an additional 51,661 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of NAPCO Security Technologies by 15.1% during the fourth quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company's stock worth $33,403,000 after purchasing an additional 123,091 shares during the period. 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.

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