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

Napco Security Technologies, Inc. (NASDAQ:NSSC) shares hit a new 52-week low during trading on Monday after the company announced weaker than expected quarterly earnings. The company traded as low as $27.49 and last traded at $27.78, with a volume of 19472 shares traded. The stock had previously closed at $36.70.

The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The business had revenue of $42.90 million for the quarter, compared to the consensus estimate of $49.93 million. During the same quarter in the prior year, the business posted $0.34 earnings per share. Napco Security Technologies’s revenue for the quarter was down 9.3% on a year-over-year basis.

Analysts Set New Price Targets

NSSC has been the subject of several recent research reports. DA Davidson cut their target price on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Craig Hallum cut their target price on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and set a $52.00 target price on shares of Napco Security Technologies in a research report on Thursday, January 16th. Lake Street Capital lowered their price objective on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $46.43.

Hedge Funds Weigh In On Napco Security Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP raised its position in shares of Napco Security Technologies by 91.2% during the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 312 shares in the last quarter. Allworth Financial LP raised its stake in shares of Napco Security Technologies by 18.9% during the 3rd quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 400 shares in the last quarter. KBC Group NV raised its stake in shares of Napco Security Technologies by 61.4% in the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 424 shares in the last quarter. US Bancorp DE grew its holdings in shares of Napco Security Technologies by 9.1% during the 3rd quarter. US Bancorp DE now owns 5,329 shares of the industrial products company’s stock worth $216,000 after purchasing an additional 443 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in Napco Security Technologies by 109.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock valued at $45,000 after buying an additional 579 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Stock Performance

The stock has a market cap of $987.79 million, a P/E ratio of 19.80 and a beta of 1.64. The company has a 50-day simple moving average of $36.46 and a 200-day simple moving average of $41.18.

Napco Security Technologies Company Profile

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.