NAPCO Security Technologies (NASDAQ:NSSC) Shares Down 7.5% – Should You Sell?

NAPCO Security Technologies, Inc. (NASDAQ:NSSC)’s share price was down 7.5% on Thursday . The stock traded as low as $34.20 and last traded at $35.2260. Approximately 86,949 shares traded hands during trading, a decline of 83% from the average session volume of 525,184 shares. The stock had previously closed at $38.08.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NSSC. Wall Street Zen lowered NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings downgraded NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. TD Cowen reiterated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Finally, DA Davidson reissued a “buy” rating and issued a $52.00 price objective on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, NAPCO Security Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $48.67.

NAPCO Security Technologies Stock Down 3.8%

The stock has a market capitalization of $1.31 billion, a PE ratio of 35.26 and a beta of 1.44. The business’s fifty day moving average is $37.91 and its two-hundred day moving average is $40.73.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, May 4th. The industrial products company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The company had revenue of $49.17 million for the quarter, compared to analysts’ expectations of $49.26 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Sell-side analysts expect that NAPCO Security Technologies, Inc. will post 1.48 EPS for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, June 12th were issued a $0.15 dividend. The ex-dividend date was Friday, June 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. NAPCO Security Technologies’s dividend payout ratio is presently 57.69%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSSC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NAPCO Security Technologies by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock worth $481,000 after buying an additional 885 shares during the period. Millennium Management LLC increased its holdings in shares of NAPCO Security Technologies by 62.4% in the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock valued at $17,721,000 after acquiring an additional 295,755 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of NAPCO Security Technologies by 75.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after acquiring an additional 254,007 shares during the period. Jane Street Group LLC raised its position in shares of NAPCO Security Technologies by 351.7% in the 1st quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock worth $2,261,000 after acquiring an additional 76,478 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of NAPCO Security Technologies during the 1st quarter worth $91,000. 85.07% of the stock is currently owned by institutional investors.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.