Napco Security Technologies (NASDAQ:NSSC) Shares Gap Down – Here’s Why

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) gapped down before the market opened on Monday . The stock had previously closed at $38.59, but opened at $33.00. Napco Security Technologies shares last traded at $32.89, with a volume of 198,962 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NSSC. Lake Street Capital reissued a “buy” rating and issued a $60.00 price target on shares of Napco Security Technologies in a research note on Tuesday, September 17th. DA Davidson raised their price objective on Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Finally, Needham & Company LLC upped their target price on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Napco Security Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $55.29.

Napco Security Technologies Stock Down 7.1 %

The firm has a market cap of $1.32 billion, a PE ratio of 25.41 and a beta of 1.64. The business has a 50-day moving average price of $40.32 and a two-hundred day moving average price of $46.89.

Napco Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. The firm had revenue of $50.33 million for the quarter, compared to analyst estimates of $50.18 million. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, equities research analysts predict that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.39%. Napco Security Technologies’s dividend payout ratio is presently 37.31%.

Insider Buying and Selling

In other news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the sale, the director now directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Napco Security Technologies

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Napco Security Technologies by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock worth $102,654,000 after purchasing an additional 102,010 shares during the period. Copeland Capital Management LLC boosted its stake in shares of Napco Security Technologies by 108.6% during the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock worth $42,003,000 after buying an additional 540,436 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Napco Security Technologies during the second quarter worth about $31,504,000. Emerald Advisers LLC grew its holdings in shares of Napco Security Technologies by 4.0% during the third quarter. Emerald Advisers LLC now owns 508,257 shares of the industrial products company’s stock worth $20,564,000 after buying an additional 19,674 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in Napco Security Technologies by 3.5% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 414,013 shares of the industrial products company’s stock valued at $16,751,000 after acquiring an additional 14,077 shares during the period. 85.07% of the stock is owned by institutional investors and hedge funds.

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.