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

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

Wall Street Analysts Forecast Growth

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

NAPCO Security Technologies Trading Down 0.1%

The stock has a 50 day simple moving average of $37.54 and a 200-day simple moving average of $40.65. The firm has a market cap of $1.29 billion, a PE ratio of 34.68 and a beta of 1.44.

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

NAPCO Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, June 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. NAPCO Security Technologies’s payout ratio is currently 57.69%.

Institutional Investors Weigh In On NAPCO Security Technologies

Institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of NAPCO Security Technologies by 4.4% in 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 in the last quarter. Millennium Management LLC increased its holdings in 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 last quarter. Goldman Sachs Group Inc. increased its holdings in 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 last quarter. Jane Street Group LLC lifted its stake in 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 purchasing an additional 76,478 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in NAPCO Security Technologies in the 1st quarter worth $91,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

About NAPCO Security Technologies

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.