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

Napco Security Technologies, Inc. (NASDAQ:NSSC) reached a new 52-week low during trading on Monday following a weaker than expected earnings announcement. The stock traded as low as $27.49 and last traded at $27.78, with a volume of 19472 shares changing hands. 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 return on equity of 29.56% and a net margin of 26.43%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NSSC shares. Craig Hallum dropped their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. DA Davidson decreased their price target on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. TD Cowen reduced their target price on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Lake Street Capital reduced their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Three 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $46.43.

Hedge Funds Weigh In On Napco Security Technologies

Large investors have recently bought and sold shares of the company. Sei Investments Co. grew its stake in Napco Security Technologies by 88.2% in the 2nd quarter. Sei Investments Co. now owns 31,968 shares of the industrial products company’s stock valued at $1,661,000 after acquiring an additional 14,985 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Napco Security Technologies by 6.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,501 shares of the industrial products company’s stock worth $961,000 after purchasing an additional 1,042 shares during the last quarter. Quarry LP boosted its stake 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 worth $34,000 after purchasing an additional 312 shares during the last quarter. City Center Advisors LLC acquired a new stake in shares of Napco Security Technologies during the 3rd quarter worth about $258,000. Finally, CWM LLC boosted its stake in shares of Napco Security Technologies by 22.5% during the 3rd quarter. CWM LLC now owns 3,383 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 622 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Trading Down 27.9 %

The company has a market capitalization of $970.08 million, a price-to-earnings ratio of 19.47 and a beta of 1.64. The company’s 50 day simple moving average is $36.72 and its 200-day simple moving average is $41.37.

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.