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

Napco Security Technologies, Inc. (NASDAQ:NSSC) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Investors of record on Wednesday, March 12th will be given 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 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. 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 Stock Down 3.3 %

NASDAQ NSSC traded down $0.88 on Wednesday, reaching $25.54. The company had a trading volume of 58,562 shares, compared to its average volume of 570,544. The stock’s 50 day moving average is $36.19 and its 200-day moving average is $40.99. The stock has a market cap of $936.73 million, a price-to-earnings ratio of 18.57 and a beta of 1.64. Napco Security Technologies has a 52 week low of $24.90 and a 52 week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, February 3rd. 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 during the quarter, compared to analyst estimates of $49.93 million. During the same period in the previous year, the firm posted $0.34 earnings per share. The firm’s revenue was down 9.3% on a year-over-year basis. As a group, analysts forecast that Napco Security Technologies will post 1.55 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on NSSC. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Craig Hallum cut Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a research report on Tuesday. Needham & Company LLC reduced their price target on Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday. TD Cowen cut Napco Security Technologies from a “buy” rating to a “hold” rating and reduced their price target for the company from $46.00 to $27.00 in a research report on Tuesday. Finally, Lake Street Capital reduced their price target on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.