NAPCO Security Technologies (NASDAQ:NSSC) Shares Pass Below 200-Day Moving Average – Here’s What Happened

NAPCO Security Technologies, Inc. (NASDAQ:NSSC)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $41.98 and traded as low as $39.28. NAPCO Security Technologies shares last traded at $40.24, with a volume of 265,137 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NSSC. DA Davidson restated a “buy” rating and issued a $50.00 target price on shares of NAPCO Security Technologies in a research note on Tuesday, February 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Wednesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $49.00 target price (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

NAPCO Security Technologies Price Performance

The stock has a 50-day moving average of $42.54 and a 200 day moving average of $41.98. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 32.02 and a beta of 1.48.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. The firm had revenue of $48.17 million during the quarter, compared to analyst estimates of $47.82 million. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.The company’s revenue was up 12.4% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. Sell-side analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Thursday, March 12th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 12th. NAPCO Security Technologies’s dividend payout ratio (DPR) is 45.11%.

Insider Transactions at NAPCO Security Technologies

In other NAPCO Security Technologies news, CEO Richard Soloway sold 150,000 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $42.74, for a total transaction of $6,411,000.00. Following the transaction, the chief executive officer owned 1,256,010 shares in the company, valued at approximately $53,681,867.40. This trade represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.65% of the company’s stock.

Hedge Funds Weigh In On NAPCO Security Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NSSC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 last quarter. Millennium Management LLC boosted its holdings in NAPCO Security Technologies by 62.4% during the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after buying an additional 295,755 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in NAPCO Security Technologies by 75.8% during the first quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock worth $13,565,000 after buying an additional 254,007 shares during the last quarter. Jane Street Group LLC boosted its holdings in NAPCO Security Technologies by 351.7% during the first quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock worth $2,261,000 after buying an additional 76,478 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in NAPCO Security Technologies during the first quarter worth about $91,000. Institutional investors own 85.07% of the company’s stock.

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.