NAPCO Security Technologies (NASDAQ:NSSC) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) 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 trading hands.

Wall Street Analyst Weigh In

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

NAPCO Security Technologies Stock Performance

The company has a 50-day simple moving average of $42.40 and a 200-day simple moving average of $41.98. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 30.26 and a beta of 1.48.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, February 2nd. The industrial products company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.The business had revenue of $48.17 million during the quarter, compared to analysts’ expectations of $47.82 million. During the same period last year, the firm earned $0.28 EPS. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, equities research analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Thursday, March 12th were given a $0.15 dividend. The ex-dividend date was Thursday, March 12th. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 1.5%. NAPCO Security Technologies’s dividend payout ratio (DPR) is currently 45.11%.

Insider Transactions at NAPCO Security Technologies

In other NAPCO Security Technologies news, CEO Richard Soloway sold 150,000 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $42.74, for a total value of $6,411,000.00. Following the completion of the transaction, the chief executive officer owned 1,256,010 shares in the company, valued at approximately $53,681,867.40. This represents a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.65% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NSSC. Fundsmith LLP raised its position in NAPCO Security Technologies by 86.4% in the third quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company’s stock worth $76,445,000 after acquiring an additional 824,945 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in NAPCO Security Technologies by 668.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock valued at $36,986,000 after buying an additional 749,065 shares in the last quarter. First Trust Advisors LP purchased a new position in NAPCO Security Technologies in the third quarter valued at about $24,305,000. Millennium Management LLC increased its holdings in NAPCO Security Technologies by 62.4% in the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock valued at $17,721,000 after buying an additional 295,755 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in NAPCO Security Technologies by 75.8% in the first quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after buying an additional 254,007 shares in the last quarter. Hedge funds and other 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.