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

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

The industrial products company reported $0.28 earnings per share (EPS) 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%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NSSC. TD Cowen decreased their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Craig Hallum decreased their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Lake Street Capital cut their target price on 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. Finally, DA Davidson cut their target price on 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.43.

Institutional Investors Weigh In On Napco Security Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of NSSC. Thrivent Financial for Lutherans acquired a new stake in Napco Security Technologies in the 3rd quarter valued at about $2,644,000. State Street Corp lifted its holdings in Napco Security Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock valued at $31,790,000 after acquiring an additional 16,931 shares during the last quarter. XTX Topco Ltd acquired a new stake in Napco Security Technologies in the 3rd quarter valued at about $672,000. Barclays PLC lifted its stake in Napco Security Technologies by 266.0% during the third quarter. Barclays PLC now owns 62,085 shares of the industrial products company’s stock valued at $2,511,000 after buying an additional 45,122 shares in the last quarter. Finally, Copeland Capital Management LLC lifted its stake in 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 valued at $42,003,000 after buying an additional 540,436 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

Napco Security Technologies Stock Down 27.9 %

The company has a market capitalization of $970.08 million, a PE ratio of 19.47 and a beta of 1.64. The business’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.