Short Interest in Napco Security Technologies, Inc. (NASDAQ:NSSC) Decreases By 21.9%

Napco Security Technologies, Inc. (NASDAQ:NSSC) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 2,180,000 shares, a decrease of 21.9% from the January 31st total of 2,790,000 shares. Based on an average daily volume of 482,300 shares, the days-to-cover ratio is presently 4.5 days.

Wall Street Analyst Weigh In

Several research firms have weighed in on NSSC. Lake Street Capital set a $30.00 price target on Napco Security Technologies and gave the stock a “buy” rating in a research note on Tuesday, February 4th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Craig Hallum downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a research report on Tuesday, February 4th. Finally, DA Davidson lowered their target price on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.33.

Hedge Funds Weigh In On Napco Security Technologies

Institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans purchased a new position in shares of Napco Security Technologies during the third quarter valued at $2,644,000. State Street Corp increased its stake in shares of Napco Security Technologies by 2.2% during the third quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock valued at $31,790,000 after buying an additional 16,931 shares during the period. XTX Topco Ltd purchased a new position in shares of Napco Security Technologies during the third quarter valued at $672,000. Barclays PLC increased its stake in shares of 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 during the period. Finally, Kornitzer Capital Management Inc. KS boosted its position in Napco Security Technologies by 426.5% during the third quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company’s stock valued at $9,629,000 after purchasing an additional 192,790 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Stock Performance

NASDAQ:NSSC opened at $23.59 on Tuesday. The stock’s fifty day moving average is $31.19 and its 200 day moving average is $37.15. Napco Security Technologies has a fifty-two week low of $23.52 and a fifty-two week high of $58.09. The firm has a market capitalization of $858.70 million, a PE ratio of 18.15 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The business had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $49.93 million. During the same quarter in the previous year, the business earned $0.34 EPS. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. Equities analysts forecast that Napco Security Technologies will post 1.24 EPS for the current year.

Napco Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 annualized dividend and a dividend yield of 2.12%. Napco Security Technologies’s dividend payout ratio is currently 38.46%.

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.