NAPCO Security Technologies (NASDAQ:NSSC) Hits New 12-Month Low After Earnings Miss

NAPCO Security Technologies, Inc. (NASDAQ:NSSC)’s share price hit a new 52-week low on Monday following a dissappointing earnings announcement. The company traded as low as $31.03 and last traded at $31.6610, with a volume of 25,236 shares trading hands. The stock had previously closed at $39.35.

The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%. During the same period last year, the company earned $0.34 EPS. The business’s revenue was up 1.6% on a year-over-year basis.

NAPCO Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were paid a $0.17 dividend. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, September 11th. NAPCO Security Technologies’s dividend payout ratio (DPR) is presently 56.20%.

Analysts Set New Price Targets

NSSC has been the subject of several analyst reports. DA Davidson set a $52.00 price target on shares of NAPCO Security Technologies in a research report on Tuesday, August 25th. Needham & Company LLC reissued a “buy” rating and set a $49.00 target price on shares of NAPCO Security Technologies in a research note on Friday, August 21st. Weiss Ratings upgraded shares of NAPCO Security Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, Benchmark restated a “buy” rating on shares of NAPCO Security Technologies in a research report on Tuesday, August 25th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $51.33.

Insider Buying and Selling

In other NAPCO Security Technologies news, Director Donna Soloway sold 20,962 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $34.62, for a total transaction of $725,704.44. Following the completion of the transaction, the director owned 20,962 shares of the company’s stock, valued at approximately $725,704.44. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Richard Soloway sold 379,529 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total value of $13,093,750.50. Following the transaction, the chairman directly owned 621,958 shares in the company, valued at approximately $21,457,551. This represents a 37.90% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 523,962 shares of company stock worth $18,257,168. Insiders own 2.96% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. KBC Group NV acquired a new position in shares of NAPCO Security Technologies during the first quarter valued at $26,000. Sterling Capital Management LLC increased its position in NAPCO Security Technologies by 844.7% in the 3rd quarter. Sterling Capital Management LLC now owns 1,162 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 1,039 shares during the period. Integrated Wealth Concepts LLC bought a new stake in NAPCO Security Technologies during the 2nd quarter valued at $46,000. Signaturefd LLC raised its stake in NAPCO Security Technologies by 225.9% during the 3rd quarter. Signaturefd LLC now owns 1,310 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 908 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in NAPCO Security Technologies by 40.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,345 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 386 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

NAPCO Security Technologies Stock Down 18.5%

The company has a 50 day moving average price of $36.51 and a 200-day moving average price of $39.11. The company has a market cap of $1.15 billion, a P/E ratio of 26.25 and a beta of 1.49.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc develops, manufactures and sells electronic security products and solutions for commercial, institutional, industrial and residential applications. Its offerings include intrusion alarm systems, access control systems, fire alarm products, locking systems and related communications technologies.

The company markets products under brands that include NAPCO, StarLink, Alarm Lock, Continental Instruments and Firewolf. Its solutions are designed to support security dealers, alarm monitoring providers, systems integrators and other professional-channel customers, including applications in schools, healthcare facilities, businesses and government buildings.

Founded in 1969, NAPCO is headquartered in Amityville, New York.