Napco Security Technologies, Inc. (NASDAQ:NSSC) Declares $0.13 Quarterly Dividend

Napco Security Technologies, Inc. (NASDAQ:NSSC) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders of record on Wednesday, March 12th will be paid a dividend of 0.125 per share by the industrial products company on Thursday, April 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, March 12th.

Napco Security Technologies has a payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Napco Security Technologies to earn $2.07 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 24.2%.

Napco Security Technologies Price Performance

Shares of NASDAQ NSSC traded down $0.88 during mid-day trading on Wednesday, hitting $25.54. 58,562 shares of the stock traded hands, compared to its average volume of 570,544. Napco Security Technologies has a twelve month low of $24.90 and a twelve month high of $58.09. The company has a market cap of $936.73 million, a PE ratio of 18.57 and a beta of 1.64. The firm has a 50 day simple moving average of $36.19 and a two-hundred day simple moving average of $40.99.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $42.90 million for the quarter, compared to analyst estimates of $49.93 million. During the same period last year, the business earned $0.34 EPS. The company’s revenue was down 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Napco Security Technologies will post 1.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NSSC shares. Lake Street Capital decreased their price objective on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Craig Hallum cut Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a report on Tuesday. Needham & Company LLC dropped their price target on shares of Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday. TD Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $46.00 to $27.00 in a research report on Tuesday. 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.14.

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.